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ilAff f-MOJO BY SUSAN USHER
Preparing For The Games
Lucille Johnson (above) eyes the progress of her shuffleboard disk last
Wednesday at Shallotte Township Park as Cora Lee Turner looks on. Competitors
Everlena Jones and Laddie Pelham (not pictured) claimed the wind
was to their opponents' advantage. The four Lc'and seniors were among
about 51) practicing for the first Brunswick County Senior Games to be held
June 2-4. with competition in 15 areas from billiards to tennis. County winners
will automatically qualify for the state's Senior Games, according to
Tina Pritchard of the Brunswick County Parks and Recreation Department.
Policy On Animal Control
Calls Changed By Board
In response to recent action by ty vehicles home from the animal
county commissioners, the shelter. A county policy adopted
Brunswick County Health Board this earlier this year requires that all
week decided that animal control of- county vehicles?except sheriff's
ficers will answer only emergency department and emergency manageanimal
bite calls after regular office ment vehicles?must be parked at
hours. work stations after working hours.
On a motion by Pearly Vereen, Health Director Michael Barretthealth
board members Monday night Rhodes last week requested that
voted unanimously to change the commissioners allow the policy
animal control policy as of Tuesday variance due to the considerable
(May 10), according to Ad- number of after-hours calls being
ministrative Assistant Kay Moure, received by animal control officers.
The animal shelter is open weekdays The animal shelter is located off N.C.
from 8 a.m. to 4:30 p.m. 211 near Supply.
The policy also was changed to
authorize animal control officers to Commissioners last week denied
be paid for at least two hours of work the request on the grounds that they
when they are "on call," Ms. Moore needed to either stand firm on their
said. policy or allow all county vehicles to
At their May 2 meeting, county be driven home. The policy was
commissioners denied a request adopted this year as a cost-saving
irom me neaun department 10 allow measure suggested by County
animal control officers to drive coun- Manager John T. Smith.
RDC Awards Contract
BY KAIIN ADAMS The one-year-old WilmingtonCopies
of a popular tourism based organization serves
brochure promoting Brunswick Brunswick, Carteret, New Hanover,
County's "livcability" will be back in Onslow and Pender counties. The
circulation soon. organization has asked each county
According to Executive Director for funding on a per capita basis, he
Michael de Sherbinin, the Brunswick said. Brunswick's share is $4,350.
County Resources Development De Sherbinin said the RDC tabled
Commission Monday night awarded the matter until it receives word on
a printing contract for the brochure its own funding allocation in the
to low-bidder Wilmington Printing county budget, since the organizaCompany
for $5,095. tion's request was submitted after
De Sherbinin said 10,000 copies of the RDC submitted its proposed
the 16-page, full-color brochure will budget to the county finance departbe
printed. It is distributed free to ment.
non-profit organizations and at a Also at Monday's meeting, the
minimal charge to other groups. RDC was brought up to date on
The RDC also discussed plans to several matters involving I-eland In
update another brochure which dustrial Park,
features tourist attractions in
Brunswick County. Dc Sherbinin said the board is conAs
of Tuesday's deadline, the sidering a joint venture with KBK
board had received about 70 ques- Enterprises to construct a four-sided
tionaires from 106 groups from whom cement sign at the entrance of the
information about local attractions is park on Mt. Misery Road,
being sought, the director said. The Also, engineering bid specifieaRDC
staff is contacting the remain- lions and a scope of work were coming
organizations by telephone this pleted Friday for construction of a
week, he added. 2,660-foot gravity sewer line in the inDe
Sherbinin noted that the dustrial park. Dc Sherbinin said the
brochure features information on project is being advertised this week,
marinas, golf courses, festivals and with bids to be oncned Mav 31
other attractions in Brunswick Coun- The director also informed board
ty. After information and members that an auditor from the
photographs are compiled, the board N.C. Department of Natural
will seek bids on reprinting the pam- Resources and Community Dcvclopphlet.
mcnt recently conducted a monitorIn
other business, the RDC tabled ing visit to review the RDC's involvcaction
for later consideration on a ment in the l.ifescapes project in
funding request from the N.C. Inland Industrial Park. The auditor
Marine Research and Development found "everything in order." dc
Crescent, de Sherbinin said. Sherbinin reported.
PUBLIC HEARINGS S
Aran 1
<r ti w? l
Bond \
Governing boards of four areas
towns took steps this week to repurchase
their Farmers Home Administration
bonds prematurely and
collectively save hundreds of
thousands of dollars.
Boards at Shallotte, Holden Beach,
Ocean Isle Beach and Sunset Beach
all adopted refunding bond orders
and scheduled public hearings for
either May 23 or 24 at their respective
town halls.
They are among an estimated 150
local governments across North
Carolina taking advantage of an
FmHA refinancing package. The
plan offers towns and counties
significant discounts for paying of
their loans immediately or in less
time than originally agreed.
These four Brunswick County are
taking advantage of FmHA discounts
of 35 ot 40 percent to those who pay
off their full loans immediately.
The towns will borrow money from
private banks at higher interest rates
to pay off their FmHA bonds. Despite
higher interest rates (from 6.5 percent
to 10.5 percent statewide) the
borrowers saves money because of
the discounts.
In all cases except one, the bonds
were sold to fund water systems.
Shallotte sold its bond issue to FmHA
to finance the town's wastewater
treatment plant.
The discount program stems from
offnpfc In nnf Ik* f"'' ' ' 1 ???
wi.viw IU tui UIC ILUfldl UUUgCl
deficit. The Omnibus Budget Reconcilistion
Act o? 2066 snd the Continuing
Appropriations Act of 1987 require
FmHA to sell enough community
program loans to realize net proceeds
of $588 million by the end of
September.
Hoiden Beach
Holden Beach has the most to gain
of any South Brunswick Islands community
from the FmHA discount program.
with the possibility of saving
$2 million or more in principal and interest.
The town has outstanding water
system bonds of $1,006,009 from 1979
and $338,000 in water tank bonds
from 1981. with a combined outstanding
principal of $1,344,000. The
bonds mature in 32 years and under
the current financing plan would cost
the town $3,209,419 in that time.
The town plans to buy back the
bonds at prices discounted up to 40
percent, then reissue them to a
private bank on 10- to 15-year repayment
terms. Commissioners are
looking at various ways to reduce the
principal and shorten the repayment
period for even greater savings, if at
slightly higher annual payments.
Monday night the board adopted a
refunding bond order and set a public
hearing for May 24 at 7 p.m.
However, io\vn Administrator Tommy
Birmingham said commissioners
decided to wait until after the public
hearing to determine the exact down
payment and prepayment to make
and which financial institution with
which to do business.
The town has received firm offers
from four banks on financing $450,000
to $680,000. First Citizens offered
prime rate plus one-half percent with
a i0.5 percent cap provided the town
investment a minimum of $100,000
for the life of the loan. First Union offered
10.25 percent fixed for 10 years;
United Carolina Bank, 10.2 percent
fixed for 10 years; and Wachovia,
10.10 percent fixed for 10 years, with
the condition the town make no I
? AVAIL>
D""Land OV
Vinyl Porch . \\\
Enclosures
Garden Windows
Screen Rooms iHI
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Carports 5J I u'
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Purchase
prepayments on the interest for the
first five years.
CI>nll?Hn
During a special meeting Monday,
Shallotte Aldermen adopted their
refunding bond order and set a public
hearing for May 23 at 7:30 p.m.
Under the existing FmHA sewer
bond agreement, Shallotte still owes
$200,000 and faces annual payments
of $13,000 for the next 23 years.
To repurchase the bond, the town
will borrow about $137,000, which can
be paid off in ten years at annual installments
of about $23,000.
According to Town Clerk Cynthia
Long, the town has been guaranteed
a 10 percent fixed interest rate on a
10-year loan from Security Savings
and Loan and will save about $83,000
in principle and interest.
During last Wednesday's regular
town meeting, aldermen discussed
the bond repurchase matter for about
an hour before authorizing the town
clerk to ask for a time extension in
ma King a decision.
The Local Government Commission
had requested notice from all
towns interested in participating in
the discount purchase program no
later than May 4, but gave the Town
of Shallotte until the morning of May
5 to make its decision since the board
met the evening of May 4.
While board members agreed last
week that the town should try to save
any money it can, they were unsure
whether to pursue the bond purchase
haseti on the extra $10,000 in annua!
payments. Board members were alsc
unsure whether the town could apply
the five percent deposit which was
required to be paid no later than May
G toward this year's bond payment il
they eventually decided against the
bond purchase.
Clerk Long said last Thursday thai
the town contacted the Ix>cal Govern
mcnl Commission that morning anc
said it would pursue the repurchasi
of its FmHA bond. This was aftei
aldermen learned that the towi
would not lose its $10,000 deposi
under any circumstances.
On Friday, the town eler
rfplil'Pn'/l fho rlonncit tn (ho fc'on'nor
Home Administration office in Wilm
ington.
Sunset Beach
Also Monday, Sunset Beach Tom
Council adopted its refunding bone
order and set a public hearing for
May 23 at 7:30 p.m.
According to Town Administrator
Linda Fluegel, the town will receive
a $193,000 principal discount from
Farmers Home on the $449,000 it still
owes by repurchasing its water bond
early.
Sunset Beach nows pays $30,000 per
year on the FmHA bond which was
sold in 1979. It will not mature until
the year 2017.
Although the town had not received
any definite loan offers from local
banks, Mrs. Fluegel said the town
SALES & REPAIRS
on all makes and models of I
^5 vcCwwrr.s end sewingB
machines.
VACUUM CENTER
Surfvvood Shopping Center
I Hwy 17, North Myrtle Beach I
1-803-249-7259
M3LE AT >un
Products
HI # Thomosboro Road
' 'S/s,'- Calabash
no-io FREE
S3 10 ESTIMATES
THE BRUNSWICK BEAC
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will face payments of about $39,000
for the next 10 years with an 11 percent
bank loan and would save some
$400,000 in principal and interest in
the process.
The town's five percent deposit of
$22,475 was delivered to the FmHA
office last Thursday.
Ocean Isle Beach
Ocean Isle Beach Commissioners
set its public hearing for May 24 at 9
a.m.
The town plans to borrow money
from a iocai bank to repurchase its
bond for $152,000, instead of the
$230,000 which is still owed on the
lr\nn anrl csiuo nhnut tl .in fifln
Ocean Isle hopes to save between
$80,000 and $90,000 in principal and
another $52,000 in interest payments
through the discount program. The
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bank loan can be paid off in 10 years,
while the town would have faced
bond payments through fiscal year
2010.
During the regular monthly
meeting Tuesday, Mayor Betty
Williamson said the town received a
letter of commitment from United
Carolina Bank concerning the loan.
She said it was offered at a fixed interest
rate of 10.15 percent over a
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best offer received.
The town will have to pay about
$24,000 per year for the bank loan,
while it now makes annual payments
of $20,000 on the Farmers Home loan.
The mayor had previously stated,
however, that the increase in annual
payments would not present a problem.
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