1. State of the City
2018

2. LCHPD Project

3. 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

4. Construction Schedule
LCHPD Project
Construction Schedule
Site preparation began – /20/17
Building Pad preparation began – 11/08/17
Building Dry-In to be completed – /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

5. LCHPD Project

6. LCHPD Project

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

8. NC Main Street Program

9. SpringFest 2018

10. South Fire Substation Project

11. Pedestrian Improvements

12. 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

13. Property Tax Rate FY 2018

14. Water/Sewer Rates (5,000 gallons)

15. Electric Rates (1,000 kWh)

16. 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

17. THANK YOU