Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Style Ratings For ETFs And Mutual Funds: Q4 2025
    • What Matters in Mutual Funds? Consistency or Returns?
    • DIY investors push Fund of Funds into high demand
    • Asset manager PXN Investments launches
    • Health insurance funds and social security agency knew about fraud by home health nurse
    • Why some global ETFs are trading at premiums and how that affects investors
    • How To Sip Smarter This Holiday Season With Wellness-Friendly Drinks
    • Hedge funds’ bets on Argentina pay off after US bailout
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»County commissioners delay public hearing on $40 million in bonds for proposed Methodist University medical school
    Bonds

    County commissioners delay public hearing on $40 million in bonds for proposed Methodist University medical school

    August 5, 2024


    The Cumberland County Board of Commissioners voted Monday to delay a planned public hearing on $40 million in proposed tax-free bonds to Cape Fear Valley Health to build a multimillion-dollar medical school with Methodist University. 

    The hearing had been set to take place during the board’s regular Monday meeting, but Chairperson Glenn Adams said commissioners had not been given information on the bond plan until Monday morning. 

    “I have absolutely, positively no information,” he said. “This got on the agenda with no information.” 

    According to an Aug. 2 memorandum from County Manager Clarence Grier, the health system requested the bonds to cover the construction costs for 78,000 square feet of the five-story, 120,000-square-foot medical school building. CityView previously reported the school plans to have 840 faculty and staff by 2030, with a goal of 480 students by 2032. Bond counsel for the health system reached out to Grier on July 24, according to county documents.

    Since Cape Fear Valley Health is a nonprofit, tax-exempt corporation, bonds for its use must be issued by the governmental unit having jurisdiction in the area in which the facility to be financed is located.

    Hershey Bell, the medical school’s dean, told commissioners Monday the school plans to recruit its first 80 students to begin in July 2026. 

    “This area is in dire need of physicians,” Bell said. 

    All seven county commissioners sit on the 20-person Cape Fear Valley Board of Trustees. Commissioner Jimmy Keefe said he was encouraged by what he’d heard in hospital board meetings about the bond plan. 

    “No, there’s not liability for us, but we probably should have that in writing,” Keefe said. “I will tell you that I was very comfortable with it.” 

    The public hearing on the $40 million in bonds will now be held Monday, Aug. 19, at the Cumberland County Board of Commissioners’ 6:45 p.m. regular meeting. A vote by the board will likely follow that hearing. The hearing provides an opportunity for the public to weigh in on whether the county should approve the bonds. 

    In other business:

    • The board unanimously approved its consent agenda.
    • The board unanimously agreed to sign onto a national settlement with the Kroger brand related to its role in the opioid crisis. According to Director of Public Health Dr. Jennifer Green, the county will receive almost $900,000 through fiscal year 2033-2034 as part of the settlement. The Washington Post reported last year the suit was tied to allegations Kroger overprescribed addictive opioids to customers. 
    • The board unanimously approved hiring Barr & Barr/McFarland as the construction manager at risk for the homeless support center project. Director of Engineering and Infrastructure Jermaine Walker said the center is scheduled to be complete by the end of July 2026.
    • The board unanimously approved directing county staff to pursue an injunction against a Hope Mills property owner for his nuisance property. According to County Attorney Rick Moorefield, the owner of a home on South Main Street has not addressed multiple code enforcement violations, despite being in communication with county staff since February 2023. Photos of the property displayed at Monday’s meeting showed piles of broken-down cars, boats, propane tanks and more throughout the home’s backyard. Moorefield said the property is at risk of attracting rodents and insects.
    • The board unanimously nominated Kiana Rivers, Michael Fiala, Swan Davis and Dr. Annette Skinner-Coleman to the Cumberland County Juvenile Crime Prevention Council; Debra Kinney and Taccarra Manuel to the Transportation Advisory Board; and Chris Bullard to the Cumberland County ABC Board. 
    • The board unanimously approved reappointing Lee Ward and appointing Sandra Reeves to the Animal Services Board.
    • The board unanimously appointed Beth Maynard and Roni Winston to the Joint Fort Liberty & Cumberland County Food Policy Council.

    The board went into closed session for matters of attorney-client privilege and real property acquisition for an hour but took no action upon returning.

    The next regular meeting of the board of commissioners will take place at 6:45 p.m. on Aug. 19 in Room 118 of the Cumberland County courthouse at 117 Dick St.

    Reporter Lexi Solomon can be reached at lsolomon@cityviewnc.com.

    This story was made possible by contributions to CityView News Fund, a 501(c)(3) charitable organization committed to an informed democracy.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Why Did Donald Trump Dump £65 Million Into Bonds Since August

    November 16, 2025

    Trump has bought at least $82 million in bonds since late August, disclosures show

    November 16, 2025

    Martin Lewis explains if Premium Bonds are really ‘worth it’

    November 14, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Asset manager PXN Investments launches

    November 19, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Style Ratings For ETFs And Mutual Funds: Q4 2025

    November 19, 2025

    This article was written byFollowWith AI-driven Robo-Analyst technology, we help investors make smarter decisions based…

    What Matters in Mutual Funds? Consistency or Returns?

    November 19, 2025

    DIY investors push Fund of Funds into high demand

    November 19, 2025

    Asset manager PXN Investments launches

    November 19, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    NFO Tracker: WhiteOak Capital Mutual Fund launches arbitrage fund

    August 27, 2024

    Iskandar Malaysia property market shows patchy recovery as only strategic and well-managed projects attract buyers and investors » Singapore News

    August 16, 2024

    How To Choose Best Mutual Fund

    June 16, 2025
    Our Picks

    Style Ratings For ETFs And Mutual Funds: Q4 2025

    November 19, 2025

    What Matters in Mutual Funds? Consistency or Returns?

    November 19, 2025

    DIY investors push Fund of Funds into high demand

    November 19, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.