2006 - 10-16-06 Regular Meeting - Laserfiche WebLink

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a 0 BOOK 21 PAGE 155 The Board considered a resolution for debt financing for public school projects. Finance Director Lisa Minter explained the resolution which includes setting a time and location for a required public hearing and ratifies the selection of the financing team which includes Helms, Mulliss & Wicker, PLLC (special counsel), Davenport & Company LLC (Senior), A.G. Edwards & Sons, Inc., (underwriters), and Womble Carlyle Sandridge & Rice, PLLC (underwriters counsel). Ms. Minter also advised the Board the resolution would require a "second" which is normally not done by the current Board when a motion is made. After some discussion, Commissioner Brown moved to approve a Resolution Relating to Installment Contract Financing for Public School Projects, Public Improvement Projects and Community College Projects; the Execution and Delivery by a Non-Profit Corporation of Certificates of Participation Related Thereto and Approval of Certain Members of the Financing Team, a copy of which is attached to these minutes and by this reference made a part hereof. Commissioner Stevens seconded the motion. Upon a vote, the results were as follows: Aye: Adams, Brown, Hincks, Lemmond, Paschal, Reives, and Stevens Nay: None The Chairman ruled the motion had been adopted unanimously. Mr. Chuck Dumas, District Engineering from the North Carolina Department of Transportation (DOT) presented the 2006 Secondary Road Construction Program to the Board. The following roads are scheduled for repairs in the upcoming year, using funds from the Secondary Improvement Program Highway Funds: • SR 1463 - Iron Furnace Road, 0.75 miles • SR1502 - Ragan Road, 0.6 miles • SR 1311 - Big Springs Road, 0.3 miles After some discussion, Commissioner Reives moved to approve a Resolution Authorizing Funding for the 2006 Secondary Road Construction Program, a copy of which is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Adams, Brown, Hincks, Lemmond, Paschal, Reives, and Stevens Nay: None The Chairman ruled the motion had been adopted unanimously. Mr. Mike Watson, Director of the Sandhills Mental Health Center gave the Board an update on Mental Health Reform. Mr. Watson discussed the struggle Mental Health went through last year and the time and energy wasted. Mr. Watson also stated changes have been made this year and the program is running smoother. Mental Health agencies will be working with the State on a 3