12/20/1988 - Laserfiche WebLink

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DISCUSSION OF IMMEDIATE LONG TERM DEBT NEEDS FOR CAPITAL IMPROVEMENTS Chairman Scurlock informed the Board that the Finance Advisory Committee needs some direction on priorities. The majority of the Finance group felt in order for us to have a referendum pass in March on the 1tt Sales Tax that we would have to concentrate pretty much on central service type things. OMB Director Baird presented figures which showed those services where we know we are going to have to build capital projects would cost the taxpayers about 3 mills over the next thirty years if we don't find an alternate source of revenue. We are facing in the near future, for instance, Phase III of the Jail at 6 million; the Court Facilities Complex at 12 million; a Health Care Building at 31-4 million; and right-of-way acquisition is another significant item. If you take those items, you have a pretty good package, and based on about 51 million generation per year, in five years this tax would generate 25-30 million dollars. The Chairman continued to discuss tax generation and advised that it was thought about putting in packages covering increments of 5 years as opposed to trying to forecast 15 years ahead, and then at the end of the 4th year, have another straw ballot proposing the next 5 years worth of projects. In the second five years, we would be talking about another phase of the Jail, additional right-of-way, Parks, Libraries, etc. In regard to 12 million for a new court facility, Chairman Scurlock expressed concern that when we do that complex, we pay attention to bringing in those outside agencies for which we now are paying for rental space elsewhere. Commissioner Wheeler advised that the only thing that 12 million figure considered was the Courthouse and support facilities for the courts, and he believed we actually are closer to 13 million when you consider property acquisition. He discussed the possibility of 71 year increments instead of 5, 38 SEC 201888 BOOK 75 FAGE 438