Newspaper Page Text
THE ISLANDER, SEPTEMBER 14, 2009, PAGE 5
BOE benefits
Gateway Services bond
Continued from Page 1
was split into two tracts, 3.998 acres
and 8.395 acres and to be closed sepa
rately.
The county and Gateway have
closed on the 3.998 acre portion. The
comity has been reimbursed $350,000
for expenses and has received a deposit
for the 8.395 acres.
Gateway is asking that the 8.395
acre tract be split into a 3.961 acre tract
and a 4.434 acre tract. If that amend
ment is approved, Gateway anticipates
being able to close on the 3.961 acres "in
the very near future."
According to the memo from County
Attorney Aaron Mumford, Gateway is
seeking the County's assistance in the
issuance of the revenue bonds through
the Development Authority to purchase
the 4.434 acres and the option of first
refusal for 7.65 acres, another portion
of the 20 acres purchased by the county
in 2007.
Commissioner Tony Thaw, chairman
of the finance committee, asked why
the other counties that Gateway serves
were not stepping up to the plate.
"We have worked hard on this prop
erty," Thaw said. "We paid for it, we
divided it up and now you are asking to
use the taxpayers money for bonds."
"I am worried that the County's fees
and revenues are down and am uncom
fortable with doing this. I will vote
Energy program
Continued from Page 2
- to all 85 of our fine custodians -
without whom there would be no teach
ing or learning going on in any of our
schools, as we would all be up to our
eyeballs in a huge mess. Our custodi
ans are the last staff members in our
buildings each night with opportuni
ties to support our conservation efforts
and they operate under a strict team
cleaning concept. They all deserve our
thanks and gratitude.
- to all of our maintenance staff,
in particular HVAC crew-leader Earl
Bradham and his crew, who are charged
with maintaining our over 1,700 air con
ditioning systems, but also all mainte
nance staff members who all contribute
to the daily operation of our system.
- and to all para-pros, secretaries,
administrators, food-service personnel,
and all other staff members in our
school system, whose efforts to become
more aware of and responsible for our
consumption of energy in our schools
has allowed us all to be better stewards
of our local tax dollars, and, as demon
strated here tonight, by the recognition
of our award from Energy Education to
also be better stewards of our environ
ment. □
Tuesday Tea at Two
On Tuesday, September 29, from 2
p.m. to 4 p.m. Art Downtown/Gallery
209 will hold their monthly Tuesday
Tea at Two. Enjoy tea and delicacies
prepared and served by Suzanne Sca-
glione. Meet and engage in casual con
versation with Gallery 209s Septem
ber artist Ellen Moriarty. Reservations
required.
For information or reservations call
912.262.0628 or www.ArtDowntown-
Gallery209.com. Art Downtown/Gallery
209 is located at 209 Gloucester Street
in Downtown Brunswick. □
against the bond," Thaw said.
Commissioner Howard Lynn who is
on the Gateway board of directors said,
"We are asking the county to step up
to help acquire the property and build
the two projects. Gateway has a good
track record of paying back their obli
gations."
William Parks, Chief Financial Offi
cer for Gateway, told the Finance Com
mittee that Gateway planned to close
their properties in other areas and
move the entire operation to Glynn.
"Gateway pays about $1 million
annually in rent for properties located
throughout the eight county district we
serve," Parks said.
"We can cover the debt service (on
the bonds)," Parks said. "We receive
funding from the state, Medicare and
Medicaid."
The Committee voted two to one
(Commissioners Don Hogan and Tom
Sublet voting yes; Thaw voting no) to
send the request to the full County
Commission.
Retired veterinarian Dr. Bill Disque
presented a low cost spay/neuter pro
gram to the Glynn County Finance
Committee at their Tuesday, Septem
ber 8 meeting.
For about a $5,000 investment on
the County's part, the surgical room
at Glynn County Animal Control can
be fitted to handle volume spaying and
neutering of cats and dogs.
Suzie's Friends, which offered a low
cost cat spay/neuter program, closed
recently, and according to Dr. Disque,
has the necessary equipment to start
up the county spay/neuter program
available for purchase at a reduced
rate.
Dr. Disque also said that with vol
ume spaying and neutering the County
stands to make money.
"Anywhere from 40 to 70 animals a
week are euthanized at Glynn County
Animal Services," Disque said. "The
problem with pet overpopulation and
pet abandonment will not get any bet
ter under the status quo. Volume spay
ing will never solve all the problems but
it has significantly reduced problems in
other communities."
The Committee voted unanimously
to send the request to the full Commis
sion. □
Continued from Page 1
save money.
“I don’t like getting rid of it,” said
Preston, “because it is a good benefit.
But times are hard and we need to
save where we can.”
BOE chairman Millard Allen said
cutting benefits could mean saving
jobs.
“If we reduce benefits and keep
people employed,” said Allen, “well,
that’s much better than people losing
their jobs.”
Preston said, “There are options
we can look at to try and keep this
liability coverage. It is a good benefit
because disability insurance is not
something most people go out and
buy on their own.”
The BOE has several basic options.
They can leave the STD and LTD in
place as is with the school system
paying for it, or they can eliminate
them altogether or they can reduce
them and make teachers pay for a
portion of the cost.
Allen told The Islander that Glynn
is one of very Georgia school districts
that pays for this benefit. Other dis
tricts make the employees pay it.
Because the STD and LTD are
benefits, teachers’ contracts will be
affected by whatever decision the
BOE makes.
Teachers’ contracts expire next
June, so Finance committee chair
man Ray Snow noted that the school
board has until next July, when new
contracts will be signed, to make the
final decision.
Preston said after current coverage
expires on Sept. 30, which must be
renewed under current teacher con
tracts. Preston the BOE can renew
the coverage and pay the STD and
LTD on a month to month basis
instead of renewing for a full year.
Contracting for the disability cov
erage on a month to month basis
will give them time to review the
issue and make a decision in advance
of renewing teacher contracts next
year.
Allen also told The Islander that
on Thursday, Sept. 10 he asked Snow
to form a sub-committee to work on
cost cutting ideas and to look at the
STD and LTD issues.
The finance committee agreed to
put the issue on the agenda for the
Sept. 22 meeting. □
Prime Retail
Space for Lease
in Redfern Village
Variety of Rental Options Avaiiabie
Call Gerry Peck for details
at 912-634-2880 or
email rfv@comcast.net
EARN UP TO
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*Series B Variable Rate Subordinated Debentures- Maturity date in four years
subject to automatic extension for one additional four-year period. Interest
rate varies depending on the interest adjustment period selected.
Redemption without penalty only at the end of each adjustment period.
*Subordinated Demand Notes- Interest rate varies depending upon the daily
average balance held. Payable or redeemable at any time. Interest paid at
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Investments by Prospectus Only
FOR GEORGIA RESIDENTS ONLY
145 Altama Connector
Brunswick, GA 31525
www.themoneytreeinc.com
Toll Free 1-877-468-7878
SERIES B VARIABLE RATE
SUBORDINATED DEBENTURES
INTEREST
ADJUSTMENT
TERM
ANNUAL
EFFECTIVE
YIELD
ANNUAL
INTEREST
RATE
MINIMUM
AMOUNT
1 Year
5.13
5.00
$500.00
2 Years
5.65
5.50
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4 Years
8.00
7.70
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Debentures: These are fixed rates for these terms.
SUBORDINATED DEMAND NOTES I
DAILY
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$ 1.00
to
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$ 10,000
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OVER
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3.75
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Subordinated Demand Note rates listed are current rates and are subject to
change at anytime over the life of an investment at the Company’s option.
* Compounded daily based on a 365 day year
THE MONEY TREE INC.
114 S. Broad St.
Bainbridge, GA 398IT
THIS ADVERTISEMENT IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED ABOVE.
AN OFFER MAY ONLY BE MADE BY PROSPECTUS DATED APRIL 10, 2009 AND THE RELATED PROSPECTUS SUPPLEMENTS. THESE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
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