News Column

Commissioners to mull loan payoff, landfill

February 2, 2014

By Amanda Hickey, The Daily News, Jacksonville, N.C.

Feb. 02 -- Onslow County Commissioners will discuss paying off the county's outstanding loans through the N.C. Eastern Region during its Monday night meeting. According to N.C. Eastern Region , the county borrowed $1,615,000 for landscaping and roadway improvements at Burton Park in December 2000 and $1.2 million to assist with constructing a shell building in July 2009 . It would cost $1,475,807.59 to pay off the loans, which includes the principal and about $10,000 in interest, on Feb. 4 . When the loans are paid off, the county will have $2,040,698.22 in available funds to withdraw from the NCER, according to information in the meeting agenda. The NCER money, which would then be part of the county's fund balance, would be restricted for use only in economic development. The N.C. Eastern Region was not immediately available for comment; however, Onslow's Chief Finance Officer Sylvia Nesbitt previously told The Daily News that each county has two pots of money that make up its revolving trust fund: DMV collections from July 1, 1994 , and one-13th of a one-time state appropriation to the trust fund. The N.C. Eastern Region is currently being dissolved and becoming the Eastern Regional Alliance , which will be privatized in order to market and bring exposure to Eastern North Carolina , Vice President of the N.C. Eastern Region Kathy Howard previously told The Daily News . As part of that, counties are able to withdraw their available funds and set it aside for economic development purposes. The commissioners will also: n Hold a public hearing in regard to adding solar panel farms as an allowed use in the county's zoning text amendment. n Discuss designing, permitting and constructing a new operational area of the Onslow County Landfill . n Discuss waterway maintenance. The meeting is scheduled for 7 p.m. Monday at Jacksonville City Hall , located at 815 New Bridge St. Amanda Hickey is the government reporter at The Daily News . She can be reached at . ___ (c)2014 The Daily News (Jacksonville, N.C.) Visit The Daily News (Jacksonville, N.C.) at Distributed by MCT Information Services

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Source: Daily News (Jacksonville, NC)

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