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IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
OCTOBER 18, 1988
The Iredell County Board of Commissioners met in Adjourned Regular Session on Tuesday evening,
October 18, 1988, 7:30 p.m., Agricultural Center Conference Rooms land 2, Statesville, NC. Present
for the meeting were:
Larry S. Hedrick, Chairman
Alice M. Stewart, Vice Chairman
Jessie S. Crosswhite
Frances L. Murdock
Samuel L. Ostwalt
Staff present: Joel Mashburn, County Manager
William P. Pope, County Attorney
Alice Fortner, Clerk to the Board
Jerry Lundy, Planning Director
F. W. Furches, Jr., Finance Officer
CALL TO ORDER: By Chairman Hedrick
INVOCATION: By Chairman Hedrick
SHERIFF REQUEST FOR FUNDS TO PURCHASE USED BOAT FROM LAKE NORMAN MARINE COMMISSION FOR LAKE
PATROL: This matter was discussed at the briefing on October 17th. Information pertaining to the
size, model, and make of the boat was obtained. It was determined that the value of the boat would
be somewhere between $8,000 and $9,000, according to the tax book values. After further discussion,
it was decided that the following action should be taken:
MOTION from Chairman Hedrick to appoint a committee comprised of the county manager, Sheriff
nd
of
Lload Commissioer Sam Ostwalt to yd,
000 couldnbe expended for this opurchase, wok at the hich comes from hthe afund lue �balance reserved
s there. The ofor
crime prevention.
VOTING: Ayes - 5; Nays - 0.
AWARD OF BIDS FOR SHERIFF PATROL CARS, EMERGENCY SERVICES DIRECTOR, AND JAIL: The following
bids were received on October 1, 1988, at 10:00 a.m.:
Bell & Howard Chevrolet Caprice 18L69 13,1 3,462 marked a
67.62 unmarked car $213,920.10
Boggs Motor No Bid
MOTION from Commissioner Murdock to award the low bidder, Bell & Howard, in the amount of
$213,920.10. The over expenditure in the budget for the Sheriff in the amount of $356.88 for the
purchase of intermittent wipers is to come from another line item in the budget, to be adjusted at a
later date.
VOTING: Ayes - 5; Nays - 0.
IREDELL MEMORIAL HOSPITAL: Mr. Arnold Nunnery was present to discuss the financing of
radiology therapy room for Iredell Memorial Hospital. This is a $2,014,000 project, being financed
with revenue bonds through the N. C. Medical Care Commission. This is a seven-year loan at a rate
of 5.5% interest, and a .9% administrative fee, for a total of 6.4% interest. Mr. William P. Pope,
County Attorney, stated that the county's taxing power is not being pledged since these are revenue
bonds.
Exhibit F of these documents was presented and recommended by the County Attorney for adoption
by the board.
On a MOTION from Commissioner Murdock, second from Commissioner Stewart, the board unanimously
voted to approve the following Exhibit F:
RESOLUTION APPROVING LOAN AGREEMENT BETWEEN IREDELL COUNTY, NORTH
CAROLINA, AND THE NORTH CAROLINA MEDICAL CARE COMMISSION TO PROVIDE
FUNDS TO OROF, HEALTH ICAREEFACILITIESNCE AND REIMBURSEMENTOR REIMURSETSTS AND HE OF
CQUISITION AGREEMENT
BETWEEN THE COUNTY AND MUNICIPAL BOND INSURANCE ASSOCIATION.
WHEREAS, the North Carolina Medical Care Commission (the "Commission") has issued its
$100,000,000 Hospital Revenue Bonds (Pooled Equipment Financing Project) Series 1985 pursuant to the
Health Care Facilities Finance Act, Chapter 131A of the North Carolina General Statutes (the "Act"),
for the purpose of funding a program whereby the Commission will make loans to public agencies and
nonprofit agencies situated in the State of North Carolina for the purpose of financing, refinancing
or reimbursing the costs of "health care facilities" as defined in the Act (the "Pooled Equipment
Financing Program"); and