HomeMy WebLinkAboutC.054.93008_1563 (2)AND FURTHER PROVIDED that the Iredell County Board of Commissioners may at any time lend up to
a total of $2.8 million of the accumulated principal and interest to South Iredell Community
Development Corporation for the development of the tract of land on Mazeppa Road under option to
Iredell County, upon the following conditions:
a. Must be for industrial development.
b. Maturity date of such loan shall not be more than five years from
the date of disbursement;
c. Interest rate shall be the equivalent of the average rate earned
by Iredell County on the unloaned portion of the fund.
d. Repayment of the loan will be guaranteed by Iredell County.
ADJOURN: Vice Chairman Stewart adjourned the meeting at 12:10 p.m. Next meeting: County
Annex Building, 7:30 p.m., May 9, 1989, for Executive Session concerning Personnel.
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APPROVED:
IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
MAY 9, 1989
The Iredell County Board of Commissioners met in adjourned regular session on Tuesday evening,
May 9, 1989, 7:30 p.m., County Annex Building. Those present for the meeting were:
R. B. Sloan, Jr., Chairman
Alice Stewart, Vice Chairman
Jessie S. Crosswhite
Absent: Larry S. Hedrick
Frances L. Murdock
Chairman Sloan called the meeting to order.
MOTION from Commissioner Stewart to go into executive session for the purpose of evaluating the
County Manager, Mr. Joel Mashburn.
VOTING: Ayes - 3; Nays - 0.
MOTION to return to Regular Session from Chairman Sloan.
INCREASE IN SALARY FOR JOEL R. MASHBURN, COUNTY MANAGER: MOTION from Chairman Sloan to give
the County Manager a one-step increase, effective February 1, 1989.
VOTING: Ayes - 3; Nays - 0.
ADJOURN: Chairman Sloan adjourned the meeting at 9:30 p.m. Next meeting scheduled for Monday,
May 15, 1989, 3:00 p.m., Agricultural Center Conference Room, Statesville, NC.
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cting Clerk to the o �
APPROVED:
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