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ADJOURN: MOTION from Chairman Hedrick to adjourn the meeting at 9:25
P.m. Next meeting:
April 20, 1988, 10:00 a.m., Agricultural Center Conference Rooms 1 and 2, Statesville, NC.
er to t e oar
APPROVED: �)
IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
APRIL 20, 1988
The Iredell County Board of Commissioners met in Adjourned Regular Session on Wednesday, April
20, 1988, 9:00 a.m., Agricultural Center Conference Rooms 1 and 2, Statesville, NC. Present for the
meeting were:
Larry S. Hedrick, Chairman
Alice M. Stewart, VIce Chairman
Jessie S. Crosswhite
Frances L. Murdock
f Samuel L. Ostwalt
�.• Staff present: Joel Mashburn, County Manager
William P. Pope, County Attorney
Alice Fortner, Clerk to the Board
CALL TO ORDER: By Chairman Hedrick
ASMO NORTH CAROLINA, INC., WATER AND SEWER EXTENSIONS: MOTION from Commissioner Murdock to
approve the following resolution:
RESOLUTION CONCERNING WATER AND SEWER
EXTENSIONS FOR ASMO, NORTH CAROLINA, INC.
BE IT RESOLVED, by the Iredell County Board of Commissioners, Statesville, North Carolina, that
Iredell County shall:
A. Appropriate the sum of $329,245 during the fiscal year 1988-
1989 for the purpose set forth below;
B. Cause to be installed water and sewer line extensions to
the property owned or to be acquired by ASMO and located
on Crawford Road, south of Jane Sowers Road, Iredell
County, North Carolina; and
C. Pay for 70% of the cost thereof (which installation cost
_T is estimated to be $470,375), not to exceed $329,245.
The foregoing resolution is conditioned upon ASMO acquiring said property on or before October
1, 1988, and ASMO proceeding with the proposed establishment of a manufacturing facility at said
property, with a total investment of approximately $80 million, and employing approximately 350
persons.
Adopted this the 20th day of April, 1988.
VOTING: Ayes - 5; Nays - 0.
ASMO NORTH CAROLINA, INC., INDUSTRIAL TRAINING PROGRAM: MOTION from Commissioner Stewart to
adopt the following resolution:
WHEREAS, the Iredell County Board of Commissioners previously created an Industrial Training
Program to be administered by Mitchell Community College; and
WHEREAS, ASMO NORTH CAROLINA, INC. has submitted an application for qualification to partici-
pate in the Industrial Training Program; and
WHEREAS, we have examined its application and find it will add approximately $80 million to the
tax base of this County, will have an investment to employee ratio of in excess of $150,000 per
employee, and will meet all the other qualifying criteria.
NOW, THEREFORE, IT IS RESOLVED:
1. ASMO NORTH CAROLINA, INC. qualifies for participation in the Iredell County Industrial
Training Program.