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5~1 Animal Control Officer, Mark Taylor, reported eighteen (1$) calls, five (S) impounds, and two (2) returned. EDC Director, Helen Humes, reported the sale of the Woods Wire Building was to close on Monday, February 3, 2003, but she couldn't reach them to confirm. Motion was made by Councilman Warthen, second by Councilman Clark to approve payment of the claims. Motion carried 5--0. There being no further business to came before the council at this time, a motion was made by Councilman Clark, second by Councilmaxii Bryant to adjourn the meeting. Motion carried 5-0. _ _ The nextmeeting of the Mooresville Town Council will be Tuesday, February 18, 2003, at 6:30 PM at the 1Vlooz'esville Town Hall. ~., ; ,~ President by Dolen ___- ATTEST: /_ ,/) , .__ ,- , ~~,. Sandra R. Perry, Clerk-Treasurer ' February 1$, 2003 The Mooresville Town Council met in regular session on "I~esday, February 18, 2003, at 6:30 PM at the Mooresville Town Hall. Council members present were: President Toby Dolen, Troy Bryant, john L. Clark, Tom Warthen, and Mark Mathis. No members were absent. Town attorney Tim Currens was present. Kelly Whitehurst from the First Christian Church in Mooresville gave the prayer. Motion was made by Councilman Clark, second by Councilman Bryant to approve the minutes of the February 4, 2003 meeting. Motion carved 5-0. Herb and Linda Asher informed the clerk's office they were not coming to the Town Council for a rezone, they were going to seek a variance. President Dolen informed the council the new figures fora 77 Pension buyback of three years to age 52 for nine police and fire employees had been received and the total amount was $284,006.00. He explained this could be amortized aver ten years. President Dolen asked for comments. Councilman Bryant said according to the f gures he had the amount of original buy-back for the 77 Pension Plan was $751,478.00 and change including interest, a portion paid in full and a portion amorkized over ten years. Councilman Bryant said he understood this was a response to a referendum in 1996 with a l00% benefit to the police and firefighters. He said he was trying to figure out where the benefit was for the Town now. He realized this would change retirement from 20 years and age 55 to 20 years and age 52. This new amount would be $353,493.00 including interest bringing the total amount to over a million dollars. Councilman Bryant asked what happened if they didn't retire at 55 or 52. Councilman Clark said for every year over retirement age they would receive 2% mare. Councilman Bryant asked if this would have to be paid from the Town. Councilman Mathis told him that would come from the fund the Town pays 21% into the State. Councilman Bryant said he was just having a hard time justifying this and maybe. he didn't have all the information. Councilman Warthen said that when the Police Commission and Pension was voted in, the Town bought back all that was possible to age 35 and to retire at 20 years and at age 55. if a police officer was younger than 35 ar new hires,they couldn't be bought back but now can retire at age 52. This buyback is just for nine people, and because of the rule changes _Lhese_rxine_pe~ople.don'x~~'ah info the best.~e..plan.has to offee~~t-~tis point and ~t~--- _ ---