County inches closer on ORMC [The Union-Recorder, Milledgeville, Ga.]
By Kyle Collins, The Union-Recorder, Milledgeville, Ga. | |
McClatchy-Tribune Information Services |
ORMC gets the go-ahead to start shopping with investment banks, but this resolution is non-binding, according to County Attorney
"This resolution does not bind the county to go along with whatever the hospital does. It states that the county is in agreement with the hospital going out and seeking a refinance effort," McRee said. "It does not commit the county at this point in time to whatever they bring back. We will have the opportunity to review what they bring back and have the final say so whether we participate."
Refinancing the bonds at a lower interest rate could save ORMC
In congruence with the Hospital Authorities law, the hospital is asking for a county ad valorem tax pledge not to exceed 3 mills.
The resolution includes protections preventing the county from ever leveraging the millage. Unrestricted cash and investment levels must be maintained throughout the agreement.
"If we see that it's not going to work out, that would give us another opportunity to look for other measures to negotiate something else for the hospital," Hall said.
Discussion on the Local Option Sales Tax (LOST) was added to the agenda Tuesday.
The LOST is a 1 percent sales tax imposed on the purchase, sale, rental, storage, use or consumption of tangible personal property and related services. The special district tax boundaries are the same as
The tax is imposed in qualified municipalities on the sale of motor fuels, and in most counties applies to food and alcoholic beverage sale also. LOST is one of the most significant revenue sources for municipal state governments, accounting for 16 percent of general fund revenues, according to the
Renegotiation is triggered by the new federal census every 10 years. With mediation between the
A 30-day window opened
"We've come really close to arriving at a distribution formula. We understand that our proposals, and the city's may not be exactly the same," Hall said. "There still may be continuing negotiations. We have to have this done before the end of the year."
In other news Tuesday:
Reynolds said small businesses currently have no inspections in place. This new ordinance would be a part of being up to fire code. 'What we want to do here is improve the safety for the citizens and visitors from fire incidents. This will also improve our firefighters' safety. It puts us in the buildings, where we have first hand knowledge of how it's constructed and laid out,' Reynolds said.
A new Baldwin County Airport Operator's contract was approved.
"He's been given the chance to speak before the government as an advertisement," Williams said. "This is not what this meeting forum is designed for."
McMullen said the county met with Dr.
Creation of a
The state mandates that
The next
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