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Composite List Of Questions.pdf

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Preview of Composite list of questions
🔗 Source: villagebhi.org
📊 Size: 290 KB
👤 Author: Gene Ramm
⬇️ Downloads: 112

Summary

Bald Head Island Transportation Authority received questions and comments after a public hearing on February 17, 2021, regarding the purchase of the transportation system from Bald Head Island Limited. Concerns were raised about the appraisal process, valuation of properties, and operational deficiencies. Specific questions included:

How the $47 million price was determined and requests for detailed appraisal reports
 Requests for independent appraisals and consideration of current deficiencies in the transportation system
Questions about the feasibility of obtaining additional debt for capital expenditures and the growth model used in the feasibility analysis
 Concerns about the operating model's assumptions and stress testing
Requests for additional public education and input prior to seeking approval from the Local Government Commission (LGC)
 Questions about historical revenues, asset valuations, and the ability to support bond debt service
Concerns about the reliability of ferries and the impact of weather events on the island's development and sales estimates
 Requests to address basic operational problems with the current ferry system before closing the purchase.

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Description

Bald Head Island Transportation Authority received questions and comments after a public hearing on February 17, 2021, regarding the purchase of the...

Technical Information

  • File Format: PDF
  • File Size: 290 KB
  • Pages: 20
  • Language: EN
  • Author: Gene Ramm
  • Total Downloads: 112
  • Last Updated: 7 days ago

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