• 72°

$45 million bond referendum gets OK from state board

By Liz Moomey

liz.moomey@salisburypost.com

SALISBURY — The bond to fund a Technology Education Complex at Rowan-Cabarrus Community College on Tuesday got an OK from the Local Government Commission, a state agency within the N.C. Treasurer’s Office that oversees local government debt.

The next step will be for voters to weigh in on the March 3 primary ballot and approve or deny the bond.

The $45 million general obligation bond will allow the college to build a Technology Education Complex, including a fire decontamination facility, a building for Rowan County Early College and other high school students and an area of for automotive, welding and machining programs. The center will provide new and renovated space to support technical education programs at the North Campus in Salisbury. A 96,000 square feet building will be built and an existing building measuring 8,900 square feet will be renovated.

The $45 million will include acquisition, construction, installation, renovation and equipping of educational facilities. The cost estimate came from Salisbury-based Bogle Architecture and HarrisCost LLC.

The Local Government Commission approved the bond in its consent agenda on Tuesday. It’s members did not discuss the project.

The bond referendum also was approved by the Rowan County commissioners at their Dec. 16 meeting. The Rowan County Chamber of Commerce, Rowan-Salisbury School Board and Rowan-Cabarrus Community College Board of Trustees endorsed the bond referendum prior to the commissioners OK.

The referendum’s language also has been sent over to the Rowan County Board of Elections to appear on the primary ballot.

The language will be: “Shall the order of the County of Rowan authorizing $45 million general obligation bonds plus interest, for the purpose of financing, in part, the acquisition, construction, installation, renovation and quipping of educational facilities of Rowan-Cabarrus Community college and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on such bonds be approved?”

If a majority of voters say “yes,” the bond will be improved.

The bond would require a 3-cent property tax increase, with debt incurred being paid over 15 years. The current tax rate in the county is 65.75 cents per $100 valuation.

The last request to borrow that came from the county was in August for $7.1 million. The county’s debt, existing debt excluding enterprise funds, is more than $60 million.

Comments

Granite Quarry

Granite Quarry officials will request correction to 2020 Census count

Local

Salisbury city manager describes short-term solutions for firefighter pay concerns

Education

17 rackets donated to Erwin Middle School tennis teams

Local

Spencer town hall project at Park Plaza moving along

Nation/World

‘Soul-crushing’: US COVID-19 deaths are topping 1,900 a day

Nation/World

White House faces bipartisan backlash on Haitian migrants

Nation/World

House OKs debt and funding plan, inviting clash with GOP

Nation/World

China, US unveil separate big steps to fight climate change

Local

Charlotte-based developer chosen for Empire Hotel project

Coronavirus

COVID-19 deaths in Rowan grow to 378 since start of pandemic

Coronavirus

375 employees noncompliant with Novant Health’s vaccination requirement

Crime

Blotter: Sept. 21

Local

Salisbury woman wins $200,000 from scratch-off ticket

Local

Commissioners approve incentive agreement for ‘I-85 Commerce Center’ on Webb Road

Education

State Employees Credit Union commits $1.5 million to new Partners in Learning center

Local

Salisbury council to discuss grant for thermal cameras, reconsider rezoning for future Goodwill store

Elections

Early voting for 2021 municipal elections begin Oct. 14

Nation/World

COVID has killed about as many Americans as the 1918-19 flu

Nation/World

US officials defend expulsion of Haitians from Texas town

Nation/World

Pfizer says COVID-19 vaccine works in kids ages 5 to 11

Coronavirus

Seven new COVID-19 fatalities bring September death toll to 27

Business

New ambulance company moves into Rowan County, filling need as COVID hospitalizations remain high

Crime

Blotter: Woman’s car shot several times on Pinehurst Street in Salisbury

Crime

Blotter: Sept. 19