New Wayne County Jail Construction on Local Government Commission Agenda | Eastern North Carolina Now

Press Release:

    (Raleigh, N.C.)     Wayne County wants to build an additional jail facility to connect with the existing jail annex and will come before the Local Government Commission (LGC) on Tuesday, Feb. 7, seeking approval of $55 million in financing.

    The new 62,090-square-foot building would hold 220 beds and be built in the parking lot of the existing jail, which is about 30 years old and in deteriorating condition. Debt service on the bank loan would be paid through the General Fund and no tax increase is anticipated.

    The LGC, chaired by State Treasurer Dale R. Folwell, CPA, and staffed by the Department of State Treasurer (DST), has a statutory duty to approve most debt issued by units of local government and public authorities in the state. The commission examines whether the amount of money units borrow is adequate and reasonable for proposed projects and confirms the governmental units can reasonably afford to repay the debt. It also monitors the financial well-being of more than 1,100 local government units.

    Also on the agenda for Tuesday's meeting is a request from Rowan County for approval of a $28.6 million bank loan to renovate and convert a portion of the county-owned West End Plaza mall into a 1,000-seat meeting room with associated conference rooms, storage and a warming kitchen. Prior tenant spaces in what once was known as the Salisbury Mall will be converted to use as agricultural center offices. The county bought the property 10 years ago for $3.4 million. Limited obligation bonds

    Nags Head (Dare County) town officials are requesting LGC members to green light $19.9 million in limited obligation bonds to build a new public services complex, update manually read residential and commercial water meters with smart meters. A tax increase of 4 cents per $100 of property valuation is expected. Limited obligation bonds are issued for revenue-producing projects.

    The town of Kernersville (Forsyth County) is on the agenda for a $17.75 million financing agreement to build a 52,430-square-foot recreation and events center, and for paving improvements on town-owned roads. No tax increase is anticipated.

    The Yadkin Valley Sewer Authority (Surry and Wilkes counties) is asking the LGC to sign off on $512,076 in a State Revolving Fund loan to purchase new backup generators for four sewer pump stations. The standby equipment is needed for reliability during the loss of power supply due to windstorms, hurricanes, earthquakes and other natural disasters. Future revenues are expected to cover the cost of operations and debt service.

    The Durham Housing Authority and Inlivian (Mecklenburg County, formerly known as the Charlotte Housing Authority) are seeking the OK for conduit revenue bonds to provide affordable housing. This type of municipal bond is sold by a government unit for the purpose of channeling proceeds to a private entity to provide a public purpose.

    Inlivian would use $30 million as a loan to Charlotte Leased Housing Associates to acquire, build and equip 150 units in a multifamily rental housing development to be known as Creekridge on the Park Apartments. Unit rents will be restricted to families making 60% or less of the area's median income.

    The Durham Housing Authority would use $22.73 million to acquire, build and equip a 180-unit multifamily rental housing development to be known as Cedar Trace. Rent restrictions limit occupancy to families earning either 60% or 30% of the area's median income.

    What: Local Government Commission February meeting

    When: Tuesday, Feb. 7 at 1:30 PM

    Where: Department of State Treasurer, 3200 Atlantic Ave., Raleigh

    Online: GoTo Webinar

    https://attendee.gotowebinar.com/register/9188406895959663189


   Contact:
   Email: press@nctreasurer.com
   Phone: (919) 814-3820
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Governor Cooper Statement on NC Supreme Court Decision to Re-Hear Cases Press Releases: Elected office holders, Op-Ed & Politics, Bloodless Warfare: Politics Democrat Rep. Shelly Willingham sponsors anti-rioting bill


HbAD0

Latest Bloodless Warfare: Politics

Glenn Beck: 'When the United States government can come after individuals, that's when you know our republic is crumbling.'
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement on the latest continuing resolution:
WASHINGTON – Today, as Joe Biden continues his Bankrupting America Tour in North Carolina, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement:
Former President Donald Trump dominated the North Dakota Republican Caucus on Monday as he continues to inch closer to officially securing the party’s presidential nomination.
RALEIGH: Today, Governor Cooper visited a bus facility in Durham to highlight the recent significant federal funding for electric school buses in North Carolina.
The White House unveiled a new term on Thursday for the millions of illegal aliens who have flooded into the U.S. under President Joe Biden, which came just shortly before Biden took a trip to the border for a photo op at a spot that has had few illegal aliens cross.

HbAD1

Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement after voting in favor of S.J. Res. 38, to overturn the Federal Highway Administration’s rule relating to ‘Waiver of Buy America Requirements for Electric Vehicle Chargers.’
House Homeland Security Committee Chair Mark Green (R-TN) announced this week that he is reversing his decision to retire after receiving calls from former President Donald Trump and others.
Former President Donald Trump slammed President Joe Biden on Saturday after Biden apologized for calling the illegal alien who allegedly murdered a young woman in Georgia an “illegal” during his recent State of the Union speech.
RALEIGH: Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today.
Sen. Ted Cruz (R-TX) said this week that the media and Democrat politicians are doing everything they can to hide the fact that the man who is accused of murdering a Georgia college student last week is an illegal alien

HbAD2


HbAD3

 
Back to Top