Town Council 06-21-2022 - Laserfiche WebLink

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OEM June 21, 2022 The Mooresville Town Council met in regular session on Tuesday, June 21, 2022 at 6:30 P. M. at the Mooresville Government Center. Council members present were Council President Tom Warthen, Councilman Dustin Stanley, Councilman Shane Williams, Councilman Jeff Cook, and Councilman Greg Swinney. Town attorney Chou-il Lee was present. Council President Warthen gave the prayer. Council President Warthen made a note of two corrections. Councilman Williams noticed a spelling mistake. Minutes were accepted with the noted corrections. Councilman Cook motioned to approve the minutes of the June 7, 2022 meeting pending corrections and was seconded by Councilman Williams. Motion Carried 4-0-1 with Councilman Stanley abstaining. Unfinished Business — Mitch Eschweiler with Baker Tilly presented bids on the 2020 Sewer BAN that will be maturing on July 15, 2022. He summarized the bids from Regions Bank and Signature Bank. There was also a 12 -year wrap proposal from Regions Bank. Mr. Eschweiler explained the different bids. (Exhibit A attached) Councilman Williams asked if there were any recommendations. Mr. Eschweiler stated it would depend on what the council wanted to spend on capital improvements and how that would impact what may work best, whether it be the wrap option or the regular option. He had no specific recommendations as it depended on the town's needs. Town Attorney Lee recommended the council try to decide at this meeting; otherwise, a special session would need to be held to get the bonds closed on time. Councilman Williams made a motion to replace the BAN with the 12 -year Wrap from Regions Bank at 3.75% interest. Councilman Swinney seconded. Motion carried 5-0 Council President Warthen reiterated this is not new debt. Town attorney Lee stated that all signatures would be needed to move forward and ensured that council members would be available to sign the required documents. Tourism Company Jeff Scalf requested an extension until July 19, 2020, as some otherthings are in the works. Councilman Stanley motioned to table this item until the July 19th meeting. Councilman Williams seconded. Motion carried 5-0 Creative Foam CF -1— Mike Dellinger presented an updated CF -1 forthe personal property of Creative Foam. While the personal property CF -1 was received on time, he pointed out that Creative Foam did not file on time for the CF -1 on the real property of the clean room. He stated they had not created the 160 jobs they projected based on the available information. They are only two years into a 10 -year project but have created 75 additional jobs. He suggested finding them in substantial compliance with the personal property abatement. Town Attorney Lee clarified that the form presented at this meeting was dated 6/21/2022. The original CF -1 form was filed on 5/16/2022, which was on time for the filing. Mike Dellinger stated that the county is aware of the timeline of the CF -1 filing. Councilman Stanley motioned to find Creative Foam in substantial compliance with their CF -1 for personal property abatement. Councilman Swinney seconded. Motion carried 5-0 Ordinance 5-2022 Motorola Dispatch Equipment and Fire Trucks debt pay off. Councilman Swinney motioned to approve Ordinance 5-2022, an additional appropriation of funds from the general for $1,040,089. Councilman Stanley seconded. Motion Carried 5-0