11/16/1983 - Laserfiche WebLink

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for noted the Board might want to -consider that some kind of financing needs to be in place to pay back the purchase of the jail land. Commissioner Scurlock continued to discuss the kind of money that will be generated by a refinancing and pointed out that the Finance Committee had been figuring on as much as $527,000 and nothing less than $450,000. He had felt the emphasis on the refinancing was to generate as much new money as possible. OMB Director Barton explained that those scenarios were based on the market at that day; since then interest rates have drifted up, and there is a rate cap on the ordinance. Commissioner Scurlock felt possibly we need to get back into negotiating the refinancing again if they are going to change it that much and believed we should calla Finance Advisory Committee meeting as it seems a lot has happened without their being involved. Administrator Wright noted that nothing has happened yet. We are in a very changeable market, and he did not believe the Advisory Committee should meet until we have a firm proposal. Dr. Hardin wished everyone to understand that the Annex alteration proposed by staff is simply meant to deal with the situation on a temporary basis. Judge Charles Smith made the presentation for the judiciary, stressing that the proposed fourth courtroom has been in the planning stages for over two years, and the Board already has paid an architect about $13,000 to design a courtroom to occupy the vacant space on the second floor of the Annex. Judge Smith emphasized that it would not be in the best interests of the court facilities or the Clerk's office to locate this courtroom anywhere other than the Annex and felt to do so would be not only unworkable, but extremely uneconomical, especially when you take into 119 NOV i9� sQ�K �� PA�E•��8 ; 16 3