State of the City 2018

LCHPD Project

LCHPD Project $9,165,000 Finance Closing - October 12, 2017 Installment Financing - secured by a deed of trust and security interest in the new LCHPD to be constructed with the proceeds of the financing Prepayment available in whole, but not in part, on any day on or after April 12, 2025

Construction Schedule LCHPD Project Construction Schedule Site preparation began – 10/20/17 Building Pad preparation began – 11/08/17 Building Dry-In to be completed – 07/11/18 Permanent Power to be completed – 08/28/18 Conditioned Air to be completed – 09/17/18 Substantial Completion of New Building – 11/21/18 Final Completion of New Building – 12/21/18 Parking & Municipal Building Demolition – 02/19/19

LCHPD Project

LCHPD Project

Community Development Downtown Façade Grant Incentive 100% up to $5,000 125% $5,000 to $12,499 150% $12,500 to $20,000

NC Main Street Program

SpringFest 2018

South Fire Substation Project

Pedestrian Improvements

Electric Substation Project Transformers $ 850,000 Steel & Materials $ 1,000,000 Clearing, Grading, Fencing $ 30,000 Construction $ 400,000 SCADA & Equipment $ 40,000 Contingency/Engineering $ 380,000 TOTAL $ 2,700,000

Property Tax Rate FY 2018

Water/Sewer Rates (5,000 gallons)

Electric Rates (1,000 kWh)

Grants Received (last 2 years) DOC Rural Downtown Revitalization $94,340 Smart Sites Program (ElectriCities) $25,000 ElectriCities Smart Communities ED $8,000 ElectriCities Customized City Projects $6,000 IDF Grant – Smart Sites $708,000 DEQ Asset Inventory & Assessment Grant $214,625 IDF Grant – Laurinburg Scotland Industrial Park $1,500,000 Produce Market sewer project $2,000,000 TOTAL $4,555,965

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