Minutes 05-20-2025-Business Meeting

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19 Chair Bedford said the Aging Director indicated that Handy Helpers is for small repairs, not large ones. Commissioner Greene said she strongly supports this recommendation. Commissioner Carter said she agrees with Commissioner Greene. She asked how the funds can be applied in different ways. She asked if this comes back to the Board. Blake Rosser said the bond CIP is a typical RFP and award process. He said it will come to the Board when applications are scored and have been scored by the Affordable Housing Advisory Board. Commissioner Carter thanked those who spoke for their feedback. Chair Bedford said she wants to find out if mobile homes are eligible for repairs. She said there is money available for mass mobile home displacement. She petitioned the manager and staff to look at using that money for repairs. She said she may do a budget amendment because this has been sitting in the CIP. She asked how someone can get on the list for repairs. Blake Rosser said there are electronic and paper applications through the Housing Website. He said that all of the partners take them, and they are sent to UNC Community Proactive lab, and they get matches with the program. He said UNC triages the applications and assigns them to an appropriate provider. Chair Bedford said this level of repair employs local community members which is another plus. She said Commissioner Portie-Ascott and Commissioner Fowler are NC natives. She encouraged those present to apply for an advisory board or tell their friends. Commissioner Fowler asked if some repair programs are loans that must be paid back when the homes are sold. Blake Rosser said that is true for ESSR funds, but not these repairs. Chair Bedford said if it is under $500,000, it should not go out for RFP and the Board should just discuss allocation. She asked for it to come back for discussion. Blake Rosser said he will discuss with the county manager. He said that the Board needs to revisit the use of the funds. Chair Bedford petitioned staff to bring this back for the Board to discuss. 6. Regular Agenda a. Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Protects The Board adopted the final financing resolution authorizing the issuance of up to $78,000,000 in installment financing for capital investment projects and equipment for the fiscal year. The financing will also include amounts to pay transaction costs. BACKGROUND: At the May 6, 2025, Business meeting, the Board of County Commissioners conducted a public hearing and received preliminary information on capital projects and equipment financing. The Board made a preliminary determination to finance project, equipment, and financing costs by the use of an installment financing, as authorized under Section 160A-20 of the North Carolina General Statutes. The County routinely uses installment financing as the vehicle for the annual spring financing. With approval of the attached resolution, the Board gives final approval for the financing. The resolution approves substantially the final financing documents, and authorizes staff to complete the closing. County staff anticipate 1) receiving the required approval of the Local Government Commission (LGC) on June 3, 2025; 2) establishing the final bond amount and financing terms on June 5, 2025; and then 3) closing the financing by the end of June. As the process continues, staff will work with the other financing team members to confirm final details of the funding and County payment arrangements so the remaining items/blanks in the documents can be addressed. This process is consistent with past practice.