The Board of Commissioners of Granville County, North Carolina, will hold a public hearing on Monday, April 16, 2018, at 7:00 p.m. (or as soon thereafter as the matter may be heard). The purpose of the hearing is to take public comment concerning a proposed financing contract under which the County would borrow approximately $5,800,000 to carry out the construction of a 24,000 square foot medical office building (“MOB”) on land adjacent to Granville Health System’s current campus.
The hearing will be held in the Commissioners’ usual meeting room, the Auditorium of the Granville Expo and Convention Center, 4185 US Highway 15 South, Oxford, North Carolina.
The proposed financing would be secured by a lien on some or all of the property associated with the construction (including associated real estate), as well as the County and Granville Health System’s promise to repay the financing, but there would be no recourse against the County or its property (other than the pledged land and buildings) if there were a default on the financing. The County expects that the collateral for the financing will consist primarily of a 24,000 square foot medical office building.
All interested persons will be heard. The County’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 entering into the financing is also 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 Steve McNally, Granville County Finance Officer, 141 Williamsboro Street, Oxford, NC 27565 (telephone 919/693-4182, email Steve.McNally@granvillecounty.org).