John Kasberger
VOTE ON OFFICERS
Thursday’s election of officers came during a telephone meeting of the system’s board.
Mr. Kasberger had been interim chairman since last fall. He will serve a term that concludes in January 2011. Mr. Kasberger is retired from Lowe’s Cos. in Mooresville, where he was a senior vice president and general merchandising manager.
Mr. Essex is a Davidson resident and business lawyer.
One more position on the board has yet to be filled, that of treasurer. Alan Hall, MI-Connection’s general manager, said the board expects to vote on that appointment at its April 29 regular meeting.
LOAN NOT A LOAN
At Mooresville’s Town Board meeting Monday, commissioners were told that a $400,000 payment by Mooresville this fiscal year to cover a shortfall at the system won’t be a loan, as previously described, the Mooresville Tribune reported.
The system this winter asked its owners, the towns of Mooresville and Davidson, for $576,000 to make up a deficit in the fiscal year ending June 30. In March, Mooresville’s town board approved a $400,000 loan from town reserves. In February, Davidson trimmed its budget to come up with its $180,000 share.
The Mooresville Tribune reports that Mooresville Finance Director Maia Setzer told the board that the $400,000 payment will be just that – a payment. The board had approved the money with the idea that it would be repaid by 2015.
Mr. Hall, MI-Connection’s general manager, said Thursday that under the terms of the two-town agreement that set up MI-Connection, the system can’t legally borrow money on its own. Instead it must rely on the two towns for funding.
RELATED LINKS
MI-Connection web page with biographies of board members, CLICK HERE>
CORRECTION: This article has been corrected to reflect that Mr. Kasberger has retired from Lowe’s Cos. DavidsonNews.net obtained the information from the MI-Connection website, which was out of date.
