— Granville County Public Schools Notice to the Public
The Granville County Board of Education — Notice of Public Hearing — Transfer of School Property for School Improvements Financing
The Granville County Board of Education will hold a public hearing on Monday, April 9, 2018, at 6:00 p.m. (or as soon thereafter as the matter may be heard). The purpose of the hearing is to take public comment concerning the proposed transfer of Butner-Stem Elementary School, including the buildings and the related real estate, to Granville County to facilitate the County’s financing of improvements to Butner-Stem Elementary and other school improvements.
The hearing will be held in the Board’s usual meeting room in its administration building, 101 Delacroix Street, Oxford.
The financing plan selected by the County for its school improvements project calls for the financing to be secured by a lien on the Butner-Stem Elementary school property. For the County to provide that lien to the lender, the County must own the school. This arrangement is similar to arrangements used for the financing of other Granville County school projects. The financing documents will provide for the school property to be returned to the School Board when the financing is retired, and will provide for the School Board’s continued use of the property during the financing term. State law requires that there be a public hearing before the School Board transfers school property to the County for this purpose.
The street address for Butner-Stem Elementary School is 201 East D Street, Butner, NC 27509.
All interested persons will be heard. The Board’s plans are subject to change based on the comments received at the public hearing and the Board’s subsequent discussion and consideration. The County’s Board of Commissioners has approved the financing plan, but County’s entering into the financing is subject to obtaining approval from the North Carolina Local Government Commission.
Persons wishing to make written comments in advance of the hearing or wishing more information concerning the subject of the hearing may contact Beth Day, Assistant Superintendent of Finance for Granville County Public Schools, 101 Delacroix Street, Oxford. NC 27565 (telephone 919/693-4613, email dayb@gcs.k12.nc.us).