The Stanly News and Press (Albemarle, NC)


August 29, 2013

Stanly County emergency system inches closer

Thursday, August 29, 2013 — The Stanly County Commission met Monday morning to continue the process of financing the county’s new emergency communications system.

The board unanimously approved a resolution presenting “findings of fact” to the North Carolina Local Government Commission (LGC).

That body will have to give a final approval before Stanly County can proceed with the financing agreements.

County Manager Andy Lucas said the resolution was needed because of slight changes in the interest rate and the estimated amount of the annual payment.

The resolution states the interest rate is “not to exceed 4.5 percent.”

Lucas said it is now at 4.475 percent.

The document also shows the county will have an initial annual payment due on June 15, 2015 of $930,752.55.

“The LGC won’t let us defer two years. We can only defer through the next budget year, which is three months earlier than we thought we would have to pay,” Lucas said.

He said that would change because the county is seeking grants to help with the financing.

“If that doesn’t happen, we will refinance before that date,” Lucas said.

In an unusual move and because of the requirements of the LGC, commissioners had to approve the minutes of the special meeting which had been prepared before the session began.

The LGC is expected to give its approval to the financing agreement on Sept. 10.

Lucas said final documents could be signed as early as Sept. 16 that would begin the transition of the county’s 40-year-old telecommunications system into a state-of-the-art digital network for emergency services.

Commissioners also went into a half-hour closed session to discuss a potential real estate transaction.

Chairman Gene McIntyre reported no action was taken except instructing the staff to continue working on the item.

To submit story ideas, contact Brian Graves at (704) 982-2121 or brian@stanly


Text Only

The Stanly County Livestock Market sees a rise in activity with higher beef prices.

Local News
Local Sports
Regional & National Sports
Opinion & Letters to the Editor
Weddings and Engagements
  • Poplin-Mooney Engagement Poplin-Mooney Engagement

    Mr. and Mrs. Louis Poplin of Norwood, N.C. announce the engagement of their daughter, Amanda Lauren Poplin, to Evan Clay Mooney, son of Mr. Clay Mooney of Asheville, N.C. and the late Mrs. Elaine Mooney.

    July 29, 2014 1 Photo

  • Austin-Lisk Wedding
State & National News

National Medal of Arts winner Linda Ronstadt grace the cover of many magazines during her career, including this Rolling Stone.

Twitter Updates
Follow us on twitter