Alamance County

Action Item

ABSS Lease Agreement


Department:County ManagerSponsors:

Issue/Action Requested

Board will consider a lease agreement between Alamance County and the Alamance-Burlington School System which will allow Alamance County to request a refund of sales and use tax paid for renovation or construction costs of our public schools.

Background/Purpose of Request

Per N.C. G.S. 105-164.14(c), a county is allowed an annual refund of  sales and use tax on building materials, supplies, fixtures, and equipment that become part of or annexed to any building or structure that is owned or leased by the County. This agreement was reviewed by our bond attorney for compliance with laws related to bond issuance, the County attorney, and legal representatives of Alamance-Burlington School System.

Meeting History

Mar 2, 2020 9:00 AM  Alamance County Board of Commissioners Regular Meeting

County Manager introduced a lease agreement which was the second piece of the sales tax reimbursement effort. In order for the county to be able to apply for reimbursement of sales tax, the county had to have the school system properties under a lease. He continued that a lease agreement for the 9 properties that were subject to the education bonds funding was included in the packet. The properties included: the new high school, Southern High School, South Mebane Elementary, Cummings High School, Williams High School, Graham High School, Eastern High School, Western High School, and Pleasant Grove Elementary. He said the county will lease these properties in order to be eligible to apply for the sales tax reimbursement. County Manager Hagood offered that once the bond project was completed at the school then the lease would be terminated.

MOVER:Steve Carter, Vice Chairman
SECONDER:Bill Lashley, Commissioner
AYES:Bill Lashley, Amy Scott Galey, Steve Carter, Eddie Boswell, Tim D. Sutton