Board delays decision on Eastern High funding: HP Enterprise

GC Commissioners yesterday delayed funding for the new Eastern Guilford H.S. until early May. Some commissioners want to use leftover bond money instead of considering a new loan.

See HP Enterprise for more.

An excerpt:

The Board of Education has requested the money from commissioners to rebuild the school at Gibsonville that was destroyed by fire last Nov. 1. Funding options include cer­tifi cates of participation, com­mercial loans requiring no voter approvals as compared to voter-approved general obli­gation bonds. For that reason, Democratic Commissioners Carolyn Cole­man and Skip Alston wanted to discuss the package only during the regular meeting and not during a work ses­sion Board of Commissioners Chairman Paul Gibson sched­uled for two hours before the May 3 meeting.
Commissioners killed Cole­man’s motion on a 6-5 vote to limit discussion to the public meeting.
“We are talking about financing $53 million, possibly without voter approval, and the people have a right to hear everything we say about it,” Alston said.
Coleman pushed the motion even after County Attorney Sharron Kurtz said it could be illegal.

E.C. 🙂

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