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ADJOURN: MOTION from Commissioner Hedrick to adjourn the meeting at 6:30 p.m.
11 er o e oar
APPROVED:
IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
MAY 15, 1990
The Iredell County Board of Commissioners met in Adjourned Regular Session on Tuesday evening,
May 15, 1990, 7:30 p.m., Commissioners Meeting Room, Iredell County Government Center, 200 S. Center
Street, Statesville, NC. Those present for the meeting were:
R. B. Sloan, Jr., Chairman
Alice M. Stewart, Vice Chairman
C. Chandler Bryan
Larry S. Hedrick
Frances L. Murdock
Staff present: Joel Mashburn, County Manager
William P. Pope, County Attorney
Alice Fortner, Clerk to the Board
Susan O'Connor, Interim Finance Officer
Jerry Lundy, Planning Director
Richard Franklin, Staff Engineer
Sheriff Clyde Lloyd
Evie Caldwell, Purchasing Agent
Lois Troutman, Tax Assessor
Joe Ketchie, Tax Collector
CALL TO ORDER: By Chairman Sloan
INVOCATION: By Chairman Sloan
PUBLIC HEARING
Chairman Sloan adjourned the meeting to public hearing in order to hear the matter of Proposed
Financing for the Purchase and Renovation of the Kewaunee Building, located on U. S. Highway 21,
north of Statesville.
KEWAUNEE FINANCING HEARING: Ms. O'Connor explained GS153A-165, which would consider the value
of the property purchased as the only collateral. The County's taxing authority is not pledged as
security for transactions of this nature, she said. The financing agreement will later have to be
approved by the board.
No member of the public spoke for or against the matter.
Commissioner Hedrick inquired if an appraisal of the site would be necessary, to which Ms.
O'Connor said they may require an MAI appraisal. The tax value is more than the purchase price at
this time, Ms. O'Connor said.
The County Attorney, Mr. Bill Pope, addressed the financing plan. He said there are two
statutes under which financing could be done. The other one, GS 168-20, has been challenged by
Wayne County. A law suit is presently on appeal on this statue, and because the appeal is not over,
the bond counsel of New York will not give a "clean opinion", which necessitates Iredell County to
use the 153A-165 statute. Under the 153A statute, the title of the property will be held by
whomever does the financing, probably First Union, Mr. Pope said.
No one else spoke for or against the financing.
PUBLIC HEARING CLOSED.
APPOINTMENTS BEFORE THE BOARD
YOUTH SERVICES ADVISORY BOARD: Mrs. Miriam Evans, Co -Principal at Statesville, Senior High
School, and chairman of the Youth Services Advisory Board (YSAB), and Steve Tate, local attorney and
Program Director of the YSAB, came before the board in reference to the YSAB's recommendations to
the county commissioners in reference to the Community -Based Alternative Funds for fiscal year 1990-
91. The following recommendations were made:
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