RALEIGH — The City of Monroe got approval for $16.75 million in limited obligation bonds last week (July 15) to build a 33,000-square-foot police headquarters and 21,000-square-foot senior center, according to a report from the N.C. Department of Treasury. No tax increase is planned.
The Local Government Commission (LGC), chaired by State Treasurer Dale R. Folwell and staffed by the Department of State Treasurer, has a statutory duty to monitor the financial well being of more than 1,300 local government units.
In other agenda items, the LGC approved $51 million in limited obligation bonds for Surry County to build a new 360-bed detention facility that allows for future expansion to 450 beds, a 911 communications center and a magistrate’s office. An old gymnasium with classroom space shared by Elkin High School and Elkin Middle School will be renovated, and a new gymnasium for Elkin schools will be built. There will be no tax hike to pay for the work.
Chatham County won approval for $48.25 million in limited obligation bonds to construct several buildings: A 25,400-square-foot emergency operations center to house the Public Service Answering Point for the county, and an associated 12,000-square-foot warehouse. A 38,000-square-foot central services building for the county school system also would be built, with an associated 8,000-square-foot warehouse. No tax increase is required for the construction. The county also received approval to refund limited obligation bonds issued in 2013 at a savings of $462,686.
A $4.6 million debt issuance was approved for Camden County to build an 11,000-square-foot library containing meeting space for the Camden County Board of Commissioners and Camden County Board of Education. No tax increase is expected.
Caldwell County received permission to take on $3.7 million in debt to replace the county animal shelter. No tax hike is anticipated.