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� OCT 211981 <br />BQdK 7 FACE 809 <br />JAIL RENOVATION OR REPLACEMENT <br />Chairman Lyons reported that the original estimate of <br />about $150,000 to keep the jail usable until we can plan and <br />build a new facility now has risen to about half a million <br />dollars. Some suggestions have been made in regard to <br />improvements that are considerably less extensive than the <br />original concept, and the Chairman felt that the suggested <br />alternative improvements, plus the additional personnel <br />requested by the State, which would be added on a month to <br />month basis until we reached the required manning, would <br />serve to keep the jail usable for a time without going into <br />such a tremendous expenditure. He recommended that, in the <br />meantime, we start the process of the jail design, look for <br />an architect, and in general find out what we have to do <br />towards building a new jail. <br />Intergovernmental Coordinator Thomas reported that the <br />Chairman of the Public Safety Committee had requested that he <br />be appointed as financial advisor on a long range basis for <br />the eventual building of a new jail. He reported that after <br />doing some research, he has discovered that most of the <br />grants available have been on a matching basis (40/60 or <br />50/50). If the jail is built in conjunction with Civil <br />Defense headquarters, the State will bear certain additional <br />expenses. Mr. Thomas then reported on a new financial method <br />for construction of jails on a long term basis, and he <br />requested that the Board give a few minutes to Stan Livingood <br />who has handled such financing in Lee County. <br />Stan Livingood of Arch Roberts & Co. explained that the <br />financing utilized in Lee County was tax exempt financing <br />where the actual issuer of the bonds was a not-for-profit <br />corporation formed with the blessing of the Lee County <br />Commission and the County, in effect, granted a second lien <br />on the non ad valorem revenue to secure the bonds. He <br />explained that this type of financing offers several <br />advantages; there is no validation because it is a <br />