City Manager Roth spoke to the item.
Mayor Perkins stated there were speakers to the item.
George Hartzman, 2506 Baytree Drive, spoke in opposition to funding a bail-out of the International Civil Rights Center and Museum.
City Manager Roth addressed the financial considerations of the Museum; compared the New Market with the Historic Tax Credits; and spoke to the outstanding Carolina Bank loan.
Mr. Swaim, 2117 Lynwood Lake Drive, confirmed that Mr. Alston did not receive financial benefit from the Museum; and stated that the interest was against account receivables and not the building.
"Did not" doesn't mean can't or won't.
Additional discussion focused on financial designations of losses versus proceeds; reinforced the fact that Council would decide to loan the funds after acceptable audited financials were received; and that the City would have two positions on the Museum’s board.
Moved by Mayor Pro-Tem Yvonne J. Johnson, seconded by Councilmember Jim Kee to adopt the ordinance. The motion carried on the following roll call vote:
AYES: Marikay Abuzuaiter, Nancy Hoffmann, Yvonne J. Johnson, Jim Kee, Robbie Perkins and Nancy Vaughan.
NOES: T. Dianne Bellamy-Small, Zack Matheny and Tony Wilkins.
On Yvonne Johnson;