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To: <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />N68l~ C~OLINA <br /> <br />MEMORANDUM <br /> <br />John Witherspoon <br /> <br />Blair Bennett <br /> <br />January 9, 1995 <br /> <br />Westside Elementary School <br /> <br />Please find below the time table and steps necessary to proceed with the financing for Westside <br />Elementary School Project. <br /> <br />Calendar Step No. <br />Day 1 - 30 1 <br /> <br /> Event <br /> <br />Contact LCJC staff and schedule preliminary conference to discuss the <br />following: <br /> <br />(a) discuss project necessity, estimated costs and feasibility <br />(b) discuss financing alternatives <br /> <br />(c) review unit's debt/fiscal management procedures and policies <br />(d) discuss authorization process, requirements and time frame <br />(e) decide whether to proceed. <br /> <br />Have Governing Board give their approval to proceed, appointing <br />authorized representative and directing staff to request proposals from <br />banks. <br /> <br />Day 30 - 60 4 <br /> <br />Request proposals from a minimum of three banks. ARer proposals are <br />received, select a bank based on rate, term and fees. Discuss with LGC <br />staff. <br />A. File formal application with the LGC. Application, supporting <br />documentation, and essentially final documents to be received at least 21 <br />calendar days prior to any regular meeting of the LGC (first Tuesday of <br />each month). All supporting materials must be received prior to LGC <br />meeting including: <br /> <br /> Finance Depa~ment <br /> <br />"~:n,:crd. NC 28026.0707 · ,vOa~ 788 3':.i' <br /> <br /> <br />