Agenda 8-a - Minutes - Laserfiche WebLink

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29 1 Commissioner Dorosin asked if the Board is voting on hiring Davenport as soon as 2 the numbers are receive, without any initial analysis from local financial experts; or is the 3 Board voting to hire Davenport after initial assessment of the numbers is completed locally, 4 and Davenport's services are deemed necessary. 5 Commissioner McKee said his motion is the former. 6 Donna Baker reread the motion. 7 Commissioner Greene said the motion authorizes the Manager, and does not 8 require, which she is fine with. 9 Commissioner Bedford agreed, and said it will be her professional discretion. 10 Commissioner Dorosin asked if the Manager understands the motion to mean that 11 she will have discretion as to whether or not to hire Davenport. 12 Bonnie Hammersley said she understands Commissioner McKee's motion to say 13 that when the numbers are received that she is to engage Davenport's services. 14 Commissioner Dorosin said to bring this back on the 7t" and if the numbers are 15 unclear to instruct Davenport to proceed with an analysis. 16 Chair Rich said there is a motion on the floor on which the Board needs to vote. 17 18 VOTE: Yeas, 2 (Commissioner McKee and Commissioner Bedford); Nays, 4 19 (Commissioner Dorosin Commissioner Greene Commissioner Marcoplos and Chair Rich) 20 21 A motion was made by Commissioner Dorosin, seconded by Commissioner Greene for 22 the Board to wait until the March 7, 2019 BOCC regular meeting, after the BOCC has additional 23 financial numbers, to consider authorizing the County Manager to sign an agreement with 24 Davenport & Company, LLC to provide a third party analysis of a new, proposed financial plan 25 for the Durham-Orange Light Rail Project at a cost not to exceed $30,000. If needed prior to 26 March 7, 2019, an emergency BOCC meeting can be called to expedite the agreement. 27 28 Commissioner Marcoplos said he would like to create an alternative motion, which 29 incorporates not only having the numbers, but also a modest amount of time to get feed 30 back from local financial expertise. 31 32 Commissioner Dorosin said his motion says to bring it all back on the 7t", and have 33 that conversation at that time. 34 Commissioner Marcoplos said he would like to know if there is support for his 35 suggestion. 36 Commissioner Dorosin said if this numbers come in tomorrow, then all local experts 37 will have been able to weigh in by March 7t", but if the numbers do not come in until March 38 61", no one will have been able to comment by March 71" and the debate can be had at that 39 time. He said if the information comes tomorrow, an emergency meeting can be called. 40 He said the third party analysis will be valuable if it is needed, and the need cannot be 41 determined until the numbers come from the FTA. 42 Commissioner Bedford said the risk of waiting is that the numbers may come in 43 early, and should they come in early she likes the idea of calling an emergency meeting. 44 Commissioner Dorosin amended his motion to include language allowing for an 45 emergency meeting should one be necessary. 46 Commissioner McKee said he will vote for this motion, as doing otherwise would be 47 petty and to no effect. He said at some time experts will need to look at these numbers. 48 Commissioner Marcoplos having the numbers is only one piece of the puzzle, and 49 allowing local financial experts to weigh in is equally important, and could negate the need 50 to spend any money on a report by Davenport.