File #: 2018-290    Version: 1 Name:
Type: Miscellaneous Item Status: Approved
File created: 7/31/2018 In control: City Council
On agenda: 8/6/2018 Final action: 8/6/2018
Title: Purchase and Financing (Municipal Building - 2/3 Bonds) of Municipal Property (1730 Westchester Drive) Discussion of the anticipated purchase and financing of Municipal Property. 1. Authorize the City Manager to proceed with the purchase of property located at 1730 Westchester Drive in the amount of $2,500,000.00 for the of relocation the High Point Police Headquarters. 2. City Council is requested to approve the attached “Resolution Making Certain Findings and Determinations and Authorizing and Ratifying the Filing of an Application with the Local Government Commission in Connection with the Proposed Issuance of Municipal Building Bonds by the City of High Point.” 3. City Council is requested to adopt the attached “Order Authorizing $6,600,000 Municipal Building Bonds” 4. City Council is requested to establish a public hearing on August 20, 2018 at 5:30pm as required by state law on the issuance of the referenced 2/3 bonds.
Sponsors: Committee of the Whole
Indexes: 1730 Westchester Drive, 2/3 Bonds Municipal Building Bonds, GO Bonds, Police Facility, Police Headquarters
Attachments: 1. Issuance of GO Bonds - Prelim Resolution Authorizing Issuance, 2. 1730 Westchester Drive - McCaslin Presentation, 3. Resolution Authorizing and Ratifying the Filing of an Application with LGC for Municipal Building Bonds (signed), 4. Statement of Estimated Interest (signed).pdf, 5. Sworn Statement of Debt (signed).pdf, 6. Notice of Public Hearing-High Point 2018 G.O. (2_3).pdf, 7. Adopted Bond Order-High Point 2018 G.O. (2_3).pdf

Title

Purchase and Financing (Municipal Building - 2/3 Bonds) of Municipal Property (1730 Westchester Drive)

Discussion of the anticipated purchase and financing of Municipal Property.

1.                     Authorize the City Manager to proceed with the purchase of property located at 1730 Westchester Drive in the amount of $2,500,000.00 for the of relocation the High Point Police Headquarters.

2.                     City Council is requested to approve the attached “Resolution Making Certain Findings and Determinations and Authorizing and Ratifying the Filing of an Application with the Local Government Commission in Connection with the Proposed Issuance of Municipal Building Bonds by the City of High Point.”

3.                     City Council is requested to adopt the attached “Order Authorizing $6,600,000 Municipal Building Bonds”

4.                     City Council is requested to establish a public hearing on August 20, 2018 at 5:30pm as required by state law on the issuance of the referenced 2/3 bonds.

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