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Mr. Bob Bamer, Vice President of Operations, Jet Corr, Inc., explained their project would
consist of constructing a building of approximately 160,000 square feet for the manufacturing of
corrugated sheets and boxes.
The county manager advised he had a statement from the county attorney which indicated the
county attorney had read the packet of information pertaining to the bonds, and the information
presented was in order.
PROPOSED AMENDMENT TO SECTION 80.1 (RESIDENTIAL AGRICULTURAL DISTRICT) OF THE IREDELL COUNTY
ZONING ORDINANCE, SUBMITTED BY T. C. HOMESLEY, JR., ATTORNEY FOR GLENN G. WILLIAMS: Mr, Jerry Lundy
advised the board that this proposed amendment would be to allow the following use as a special
exception: Commercial recreation facilities including go-cart race tracks provided the following can
be adequately addressed for the protection of surrounding properties; parking, buffering, hours of
operation, noise, sanitary facilities, intensity of lighting, and other concerns at the discretion
of the Iredell County Board of Adjustment. The planning board considered this request on June 7,
1989, and unanimously recommended the approval of this proposed amendment. The county staff concurs
with the planning board on its recommendation.
Mr. T. C. Homesley, attorney for Glenn G. Williams, gave a brief summary of the establishment
of the race track and stated he would be happy to answer any questions. When asked for a show of
hands of people in the audience in support of the race track about 25-30 people responded. There
was no one in the audience to speak against the amendment.
REZONING REQUEST - RICHARD J. SKAFF PROPERTY, CASE # 8906-1: Mr. Lundy advised the group of
the request of Southern Supply, Inc., or Mr. Richard J. Skaff, to rezone the property from R0,
Residential Office, to CB, Community Business District. The planning board unanimously recommended
the approval of this request on June 7, 1989, and the county planning staff concurs with this
recommendation.
Mr. Richard Skaff advised the group he was present if anyone had questions. No one in the
group spoke for or against the proposed rezoning.
REZONING REQUEST - JMJ LUMBER COMPANY, REQUEST FOR PROPERTY TO BE REZONED FROM GB(CUD), GENERAL
BUSINESS CONDITIONAL USE DISTRICT, TO GB, GENERAL BUSINESS DISTRICT, CASE #8906-2: Mr. Lundy
directed the group to the property's location on the displayed maps (NC Highway 150 near the Apple
House, more specifically described as Lot 30, Block A, of Iredell County Tax Map 2N). The planning
board on June 7, 1989, unanimously recommended the approval of this rezoning, and the planning staff
concurs with this recommendation.
REGULAR SESSION RESUMED
INDUSTRIAL REVENUE BONDS, JET CORR, INC.
RESOLUTION APPROVING THE ISSUANCE BY THE IREDELL COUNTY INDUSTRIAL
FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY OF ITS
$10,000,000 INDUSTRIAL REVENUE BONDS (JET CORR. INC. PROJECT)
TO FINANCE AN INDUSTRIAL AND MANUFACTURING PROJECT IN IREDELL
COUNTY, NORTH CAROLINA, FOR JET CORR, INC., AND APPROVING SUCH
PROJECT IN PRINCIPLE.
WHEREAS, the Board of County Commissioners has created a political subdivision and body corpo-
rate and politic of the State of North Carolina known as "The Iredell County Industrial Facilities
and Pollution Control Financing Authority" (the "Authority"); and
WHEREAS, the Authority is authorized under the Industrial and Pollution Control Facilities
Financing Act, Chapter 159C of the General Statutes of North Carolina (the "Act"), to issue revenue
bonds for the purpose, among others, of paying all or any part of the cost of any industrial or
pollution control project for industry; to acquire, construct, improve, and equip any such project;
and to make and execute financing agreements, security documents and other contracts and instruments
necessary or convenient in the exercise of such powers; and
WHEREAS, the Authority has determined to issue its revenue bonds to pay all or a portion of the
costs of the acquisition, construction and installation of an industrial facility to be located at
1903 Weinig Street, Statesville, Iredell County for the manufacture of corrugated sheets and related
projects (the "Project"); to be operated by Jet Corr, Inc., the interest on said bonds to be exempt
from federal income taxation by virtue of the provisions of Section 103 of the Internal Revenue Code
of 1986, as amended or any successor therefor, and
WHEREAS, the Authority intends to file an application for approval of the Project with the
Secretary of the Department of Commerce (the "Department"), as required by the Act; and
WHEREAS, the Department has, by regulation, provided that no application for approval of a
project will be officially received until the governing body of the County from which the applica-
tion is made has, by resolution after having held a public hearing, approved the issue of revenue
bonds and approved in principle the proposed project and a certified copy of such resolution has
been provided to the Department; and
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