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.