Item #12 of Monday's Commissioner's Agenda is shown below. It states that "the PARF grant will be used to start improvements on the new park and will not require any matching funds from the county." THIS IS ABSOLUTELY INCORRECT. Dare County received the 2007, $500,000 PARTF grant for the specific purpose of PURCHASING THE PROPERTY.
At that time Dare was required to provide $539.880 in matching funds, which they did, via COPs Funding (borrowed money). The PARTF money has been SPENT.
EOD brought this incorrect presentation of facts to the county finance office's attention following recent incorrect statements in the newspaper to the same effect. The finance office acknowledged the mistake, yet here it is on the agenda. Why?
Excepts from county email: "..The PARTF grant was a reimbursement for the purchase of the land, so what’s left to be spent is technically S2007 COPs funds. The unspent balance at the 3 year COPs anniversary this spring will have to be yield restricted.."
Assistant Finance Director
Dare County, NC
It appears the commissioners wants you to think the park's improvements, planned this year, is being built with grant money that no longer exists. Shame, commissioners, shame. You know and EOD knows that COPs money is borrowed money, paid back by the taxpayers. It is not free money !!!!
Once the commissioners read this blogpost, as we know they will, expect to hear some fancy "double-talk" on this issue during Monday's meeting. We guarrantee it.