Bond Events 2014
Agendas & Minutes
View City Council Agendas and Minutes
- December 16, 2014: Finance Director Beth Kelly reported to Sanford City Council that she was still answering questions from the rating agencies. She expected to receive ratings by the end of the year.
- December 11: Mayor Chet Mann, City Manager Hal Hegwer, Public Works Director Vic Czar, and Financial Services Director Beth Kelly traveled to New York City to present the City of Sanford to rating agencies. The rating agencies were Moody's Investors Services, Fitch Ratings, and Standard and Poor's.
- December 2, 2014: Sanford City Council approved an official Fund Balance Policy, which was needed to put the city of Sanford in the best position to receive good ratings from bond agencies. The rating was needed to enter the bond market.
- November 4, 2014: City Council untabled the feasibility study and voted to award the contract to Brailsford and Dunlavey. City Council also agreed to enter into the sidewalk agreements with NC DOT.
- October 29, 2014: City Council heard presentations from the Lee County Parks Foundation and Brailsford and Dunlavey, the firm recommended by the City to complete the multi-sports complex feasibility study.
- Later in the meeting, City Engineer Paul Weeks asked Council to consider an agreement with NC DOT to determine the best placement of street lights and pedestrian heads in Jonesboro for the streetscape bond project.
- October 7, 2014: City Council tabled consideration of the feasibility study until they could be presented with more detailed information.
- October 1, 2014: City Manager Hal Hegwer asked Sanford City Council to consider using the park bond funds to help construct a multi-sports complex. The first step would be to hire a firm to conduct a feasibility study that would examine potential sites, competitors, etc.
- September 16, 2014: City Manager Hal Hegwer gave a bond projects update. Tentatively, bidding on streetscape and sidewalk bond projects would open in October 2014 and projects would begin in spring 2015 rather than summer 2015. Greenway and park bond projects would be on the horizon with completion by 2017.
- September 10, 2014: The City of Sanford asked Council to enter into an agreement with NC DOT for two sidewalk bond projects: Horner Boulevard from Weatherspoon Street to Main Street and a Nash Street-Bragg Street connection that would extend to Horner Boulevard
- August 27, 2014: Community Development Director Marshall Downey recommended that Sanford City Council remove the stoplight at Wicker and Steele streets during the Streetscape and Pedestrian Improvement bond work to force traffic to slow down and create a more pleasing look to downtown. Removal of the traffic sign would also save the City $125,000.
- July 9, 2014: The NC Department of Transportation awarded the City of Sanford a $300,000 grant to help complete sidewalk work as outlined in the Sidewalk Bond Project.
- April 30, 2014: Public Works Direct Vic Czar gave an update to Sanford City Council about the progress that had been made in the bond projects. He discussed what work consultants had finalized and let Council know how things were progressing with Duke Energy. The timeline shared was that bids would be accepted in October 2014 with an anticipated start date of March 2015. Financial Services Director Beth Kelly explained that the City would need to take bonds to the market during this time period.
- Later in the meeting, Engineer Paul Weeks asked Council to reward contracts for the bond projects.
- January 21, 2014: At a Council retreat, City staff presented a bond project PowerPoint. Staff recommended that Council group projects together. This would allow them to go to the bond market twice rather than four times. The suggested grouping was streetscapes and sidewalks first, followed by greenways and parks.