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IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
MARCH 18, 1986
The Iredell County Board of Commissioners met in Regular Adjourned Session on Tuesday evening,
March 18, 1986, Agricultural Center Conference Rooms 1 and 2, Statesville, NC. Present for the
meeting were:
SPECIAL RESOLUTION IN REFERENCE TO FARM LOANS: MOTION from Chairman Hedrick to adopt the
following special resolution:
RESOLUTION
WHEREAS, many business concerns, including agriculture, are
facing uncertain economic times; and
WHEREAS, due to the strong U. S. dollar in the world market,
increased imports, the long-term effects of high interest rates on
old loans, and the cumulative effect of inflation; and
WHEREAS, the profitability of farming has decreased
drastically with the increased restrictions on tobacco marketing
and the increase in assessments, the decrease in profitability on
U. S. made products when competing with imports; and
WHEREAS, the final effect of the economy is the closing of
businesses, the merger of businesses, and the foreclosure of
businesses and the liquidation of farms.
NOW, THEREFORE, BE IT RESOLVED, that the Board of
Commissioners of Iredell County requests lending institutions,
the state government, and the federal government to refrain from
pursuing farm foreclosures for the calendar year 1986.
BE IT FURTHER RESOLVED, that the lending institutions and
various governmental agencies work with the financially depressed
accounts and assist in the re -organizing of debts. In this way,
the lenders stand a better chance of recovering the monies loaned
and the debtors stand a better chance or remaining viable in
their business concerns.
Adopted this the 5th day of March 1986.
IREDELL COUNTY BOARD OF COMMISSIONERS
Chairman
MOTION from Chairman Hedrick to amend the next -to -the -last paragraph to include word "farm" for
clarity (as suggested by Crmmissioner Crosswhite).
VOTING: Ayes - 4; Nays - 0. ,
Larry S.Hedrick, Chairman
William A. Mills, Vice Chairman
Jessie S. Crosswhite
Alice M. Stewart
Absent:
Frances L. Murdock
Staff present:
J. Wayne Deal, County Manager
Chuck Gallyon, Fire Marshal
Joe Ketchie, Tax Collector
Lois Troutman, Tax Supervisor
Evie Caldwell, Purchasing Agent
F. William Furches, Jr., Finance Officer
Howard Vanderford, Appraiser
Alice Fortner, Clerk to the Board
CALL TO ORDER:
By Chairman Hedrick
INVOCATION:
By Vice Chairman Mills
SPECIAL RESOLUTION IN REFERENCE TO FARM LOANS: MOTION from Chairman Hedrick to adopt the
following special resolution:
RESOLUTION
WHEREAS, many business concerns, including agriculture, are
facing uncertain economic times; and
WHEREAS, due to the strong U. S. dollar in the world market,
increased imports, the long-term effects of high interest rates on
old loans, and the cumulative effect of inflation; and
WHEREAS, the profitability of farming has decreased
drastically with the increased restrictions on tobacco marketing
and the increase in assessments, the decrease in profitability on
U. S. made products when competing with imports; and
WHEREAS, the final effect of the economy is the closing of
businesses, the merger of businesses, and the foreclosure of
businesses and the liquidation of farms.
NOW, THEREFORE, BE IT RESOLVED, that the Board of
Commissioners of Iredell County requests lending institutions,
the state government, and the federal government to refrain from
pursuing farm foreclosures for the calendar year 1986.
BE IT FURTHER RESOLVED, that the lending institutions and
various governmental agencies work with the financially depressed
accounts and assist in the re -organizing of debts. In this way,
the lenders stand a better chance of recovering the monies loaned
and the debtors stand a better chance or remaining viable in
their business concerns.
Adopted this the 5th day of March 1986.
IREDELL COUNTY BOARD OF COMMISSIONERS
Chairman
MOTION from Chairman Hedrick to amend the next -to -the -last paragraph to include word "farm" for
clarity (as suggested by Crmmissioner Crosswhite).
VOTING: Ayes - 4; Nays - 0. ,