HomeMy WebLinkAboutC.054.93008_1427 (2)980
REFUNDS:
Mrs. Brenda Clanton
Route 2, Box 246 B
Statesville, NC 28677 246.35
Fire Tax $18.54; County $227.81 Bill 49585
Property released to Davie County (H.H. Riddick, Jr., Account #5797500-0)
FIREWORKS DISPLAYS APPROVED: MOTION from Commissioner Stewart to approve the following fire-
works displays:
VFW Auxiliary, July 4, 1988 (Travelers Insurance, Webb Agency)
Signal Hill Mall, July 2, 9:45 p.m., CIGNA Agency
VOTING: Ayes - 5; Nays - 0.
FIRST RESPONDERS: MOTION from Commissioner Stewart to approve the following first responders:
Statesville Fire Department:
James Case
Tony Clanton
Frederick Chambers
Barry Gibbs
John Ide
Frank Leckwart
Keith Menster
Jody Miller iI
Larry Shakie
Richard Shrum
Billy Spears
Joseph Stanley
Sherwood Turner
Andy Webster
West Iredell Volunteer Fire Department
Stephen Benfield
Thomas Benfield
David Bennett
James Bost
Richard Brawley
Richard Cashion
Garry Deal
Antony Edwards
Ronda Hoke
Daniel Lowrance
James Lowrance
Jeffery Parker
Stephen Porter
Kevin Stewart
VOTING: Ayes - 5; Nays - 0.
APPROVAL OF MINUTES, May 9, May 17, May 23, May 26, June 6, June 7, and June 13: MOTION from
Commissioner Stewart to approve the minutes listed above.
VOTING: Ayes - 5; Nays - 0.
THIS CONCLUDES THE CONSENT AGENDA.
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WEST IREDELL WATER CORPORATION - $75,000 LOAN: This request was made of the board at the
briefing on June 20, 1988. Bids were received and a request for a $75,000 loan is being made to
help pay for the cost overrun on this bids that cannot be funded with the Farmers Home Administra-
tion Funds. It was stated that the County is presently earning 6.65% interest. A ten-year loan to
Iredell Water Corporation would run $857 month with 6.65% interest. Mr. Ostwalt inquired if Mr.
Hindman thought the water corporation could repay this type loan. Mr. Hindman said they would repay
the funds if they had to raise water rates. There would be one annual payment to the county ($857 x
12).
Mr. Pope, county attorney, was requested to come up with some type of agreement that would
cover Iredell County's risk as well as possible since Farmer's Home does have first lien. Mr. Pope
thought there should be a promissory note covering the terms of the loan agreement.
MOTION from Commissioner Ostwalt to grant a $75,000 loan from Iredell County at 6.65% interest
with annual payments for ten years. Mr. Bill Pope is to draw up an agreement covering the terms of
the loan agreement that would be signed by the County Chairman and the West Iredell Water officials.
(Cont.#88-10C)