Public hearing to be set by board on mall purchase
Almost five months after Rowan County commissioners bought the mall and named it West End Plaza, the board is meeting Monday to set a public hearing regarding the financing for the purchase.
The hearing, which also will cover renovations at West End Plaza, will be slated for May 19 pending commissioners’ approval.
A summary of the financing proposals and the recommendation of a financing institution will be submitted with the May 19 meeting’s agenda materials.
The county’s finance department also is requesting commissioners’ approval of a resolution authorizing the filing of a financing agreement with the Local Government Commission.
According to the resolution, a one-half cent property tax hike is necessary to pay for the West End Plaza.
Commissioners also are looking at approving a financing bid for the purchase of a diverse fleet of vehicles.
The finance department recently requested and received installment financing proposals for the purchase of a van for the facilities management department, an SUV for the planning and development department, a truck for animal control, 14 vehicles for the Rowan County Sheriff’s Office and two ambulances for the emergency services department.
The total price tag is $720,000 that will be financed over three years.
The lowest interest rate, 1.092 percent, came from U.S. Bancorp Government Leasing & Finance.
Commissioners also will look at approving the receipt of $322,700 worth of juvenile crime prevention funds from the N.C. Department of Public Safety’s division of administration.
The money will be directed to programs serving delinquent, undisciplined and at-risk youth.