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Commissioners approve plan to finance up to $30 million for Advanced Manufacturing Training Center and Cleveland High classroom addition
Summary
Johnston County voted to adopt a resolution to finance a portion of construction for the Advanced Manufacturing Training Center in Four Oaks and a classroom addition at Cleveland High School with principal up to $30,000,000 and to establish a capital project ordinance.
The Johnston County Board of Commissioners on March 3 adopted a resolution approving a plan to finance up to $30,000,000 for construction of part of an Advanced Manufacturing Training Center in the town of Four Oaks and a classroom addition at Cleveland High School.
Chad McLamb, Johnston County finance director, presented the financing plan and told the board adopting the resolution will allow staff to set up a capital project ordinance for the two projects and move forward with borrowing necessary to fund a portion of construction costs. McLamb described the action as a follow-up to earlier building plans presented to the board.
A commissioner moved and a second was recorded; the board approved the resolution by voice vote with no recorded roll-call tally in the transcript. The resolution authorizes financing a principal amount up to $30,000,000 and directs staff to take the administrative steps needed to establish the capital project ordinance.
No details about the split of the $30 million between the two projects were provided in the meeting record. The board did not take further budget or contract action at the session; engineering, contracting, and formal bond or loan documents are expected to follow the resolution.
