Currituck County
NC

Board Agenda

Albemarle Commission Facilities Presentation-Cathy Davison, Executive Director

Information

Department:County ManagerSponsors:
Category:BOC Administrative Report

Meeting History

Sep 18, 2017 6:00 PM Video Board of Commissioners Regular Meeting
draft Draft

Cathy Davison, Executive Director of the Albemarle Commission, presented an overview of a proposal to construct a new facility to house the Albemarle Commission and related agencies. Ms. Davison provided a basis for their needing a larger facility and explained the support of member counties is required for them to secure funding for the project.

Ms. Davison used a powerpoint and reviewed the agencies and services provided through the Commission. Space needs, financial data and lease vs. construction cost comparisons were presented. After review of financing options, Ms. Davison recommended a 40 year note for $2.2 million for new construction, with an $800,000 down payment from their general fund. She said member counties would be required to remain members of the Albemarle Commission during the life of the loan, and she reviewed the Commission's repayment plan and next steps needed to move forward. Ms. Davison thanked the Board and, in response to Board questions relative to the presentation, clarified the financing comparisons and lease vs. construction options, expenses, continuation of services, and space needs. No action was taken by the Board.

She announced the Albemarle Commission's annual meeting would be held in Currituck County again this year at the Cooperative Extension auditorium on November 16.