Mike Finley

The board accepted payments from the Cleveland County Clerk for sales and tobacco taxes and approved various payments to external entities, including Crossland Construction Co. for sheriff's office infrastructure, Stolz Telecom for service agreements, and the Cleveland County Public Facilities Authority for the Alan J. Couch Center project. Additionally, the board approved requests from the Little Axe and Lexington Fire Departments for the purchase of handheld radios, with conditions placed on the Little Axe grant. Finally, the board reviewed bank accounts with Armstrong Bank, leading to a decision to transition funds into a business money management account to optimize interest rates.

The board approved a reimbursement payment for postage stamps to the Cleveland County Industrial Authority. They authorized a 5-month extension for the Origination Period and Certificate Purchase Period for the Single Family Mortgage Revenue Bonds Series 2025A, requiring a financial transfer. Additionally, the board approved converting existing second mortgage liens from forgivable loans to grants for future mortgage loans to enhance program benefits. Finally, the board approved restructuring bank accounts at Armstrong Bank to optimize interest rates and account types.

The board discussed and authorized the payment of an invoice for legal services to Floyd & Driver. Additionally, the board accepted the January 2026 Use Tax check from the County Clerk and approved a $50,000 transfer to the Cleveland County Recreational & Entertainment Facilities Authority, pending future repayment. The board also received an update from the Cleveland County Economic Development Coalition regarding its progress and the status of the film industry.

The board discussed and approved a rotation schedule for the Chair and Vice Chair positions, establishing two-year terms beginning in July 2026. Official personnel changes were confirmed, including the removal and appointment of board secretaries. Additionally, the board approved a reimbursement to the Cleveland County Industrial Authority for specific accounting software support costs. Board members also discussed positive feedback regarding the 1st Time Homebuyer program.

The board convened for a regular meeting where it was noted that there was no new business to discuss and no board member statements or announcements were made before the meeting was adjourned.