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Craven County approves $679,955 purchase of 3491 Martin Drive and declares intent to reimburse with future debt
Summary
The Board approved a $679,955 budget amendment for acquisition and due diligence costs for 3491 Martin Drive to consolidate county facilities and adopted an intent-to-reimburse resolution referencing Treasury Regulation §1.150-2.
Craven County on June 15 approved a $679,955 budget amendment reflecting the purchase price and related environmental and legal costs for 3491 Martin Drive, intended to consolidate Facilities/Maintenance operations. The Board also adopted a reimbursement resolution declaring the county’s intent to reimburse those expenditures from future borrowing.
Assistant County Manager Gene Hodges told the Board the property acquisition closed April 30, 2026, follows negotiations with the retiring owner and will provide centralized space for maintenance, conditioned storage and a primary loading area. He said the move will free the current New Street maintenance offices for potential judicial or court-related space.
Why it matters: The purchase consolidates county maintenance operations and is tied to a financing plan: the reimbursement resolution cites Section 1.150-2 of the U.S. Treasury Regulations and states a maximum expected debt amount of $1,000,000 to provide future reimbursement for these and related project costs.
Board action: Commissioner Mitchell moved to approve the $679,955 budget amendment and the Reimbursement Resolution; Commissioner Mason seconded and the measures passed on a 7-0 vote. Staff explained the county will seek long-term borrowing in fall 2026 to reimburse the general fund for these expenditures and will supervise construction and compliance with permits if improvements are undertaken.
Next steps: County staff will proceed with consolidation planning and follow the reimbursement procedures described in the resolution, including documenting expenditures eligible for reimbursement and adhering to timeline limits referenced in Treasury rules.
