HomeMy WebLinkAboutC.054.93008_2044The new baler building consists of a metal skin, ridged -frame building in two sections, one section
housing the tipping area and one section housing the baler equipment. The tipping floor section is
Oak approximately 20,700 square feet of hardened concrete with twelve foot high concrete push walls and
a dry fire protection system. Solid waste is pushed on the floor to two six foot wide conveyors
that feed the two balers. These balers will process approximately forty tons per hour each of
municipal solid waste. They are housed in a lower separate 1,465 square foot office area, with a
shift supervisor office, a break room and locker/shower facilities. The eave height of the tipping
area and the baling area of these buildings is approximately thirty feet.
The maintenance building is a four -bay equipment maintenance and repair shop. The twenty-four foot
eave high, metal skin, ridged -frame facility has 7,000 square feet. The building contains one bay
for wash down only, one bay with a pit for equipment under carriage maintenance and two flat bays
for normal equipment maintenance. Area is provided for restrooms, lockers, office and the changing
of tires. Material storage occurs overhead in a mezzanine area.
Prior to permanent financing, cash payments in the form of advances will be made from the Solid
Waste Disposal Facility Enterprise Fund for the Project. The County intends to reimburse the Solid
Waste Disposal Facility Enterprise Fund, and any other advancing fund, for all costs incurred for
this project.
VOTING: Ayes - 5; Nays - 0.
RESOLUTION OF THE IREDELL COUNTY BOARD OF COMMISSIONERS DECLARING ITS INTENTION TO REIMBURSE
ITSELF FROM THE PROCEEDS OF A TAX-EXEMPT FINANCING FOR CERTAIN EXPENDITURES TO BE MADE IN CONNECTION
WITH THE ACQUISITION, CONSTRUCTION AND/OR EQUIPPING OF THE FIRST CELL OF THE LINED LANDFILL: MO-
TION from Commissioner Stewart to adopt the following resolution:
VOTING: Ayes - 5; Nays - 0.
WHEREAS, Iredell County (the "Issuer') is a political subdivision organized and existing under
the laws of the State of North Carolina; and
WHEREAS, the Issuer will make expenditures on and after the date hereof with respect to the
expenses incurred and to be incurred (the "Expenditures") in connection with the acquisition,
construction and/or equipping of the Iredell County Lined Landfill (the "Project"), as more fully
described in Exhibit A attached hereto; and
WHEREAS, the Iredell County Board of Commissioners or the Issuer (the "Board") has determined
that the funds advanced and to be advanced to pay Expenditures are or will be available for a
temporary period and it is necessary to reimburse the Issuer for Expenditures made on and after the
date hereof with respect to the Project from the proceeds of one or more issues of tax-exempt bonds
(the "Bonds"); and
WHEREAS, as of the date hereof, there are no funds of the Issuer or any of any other entity
that is part of the controlled group of entities of which the Issuer is deemed a part under Treasury
Regulation Sections 1.103-18 and 1.150-a(f) (the "Controlled Group"), that are, or are reasonably
expected to be, allocated on a long-term basis, reserved or otherwise available pursuant to the
budgets of the Issuer or of any other entity that is part of the controlled Group to finance the
Project;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD AS FOLLOWS:
Section 1. The Board hereby adopts this declaration of official intent under Treasury Regula-
tions Section 1.103-18(c)(2)(i) and declares its intent to reimburse the Issuer and the proceeds of
a tax-exempt financing for Expenditures made on and after the date hereof with respect to the
Project.
Section 2. On the date of the Expenditure, all reimbursable costs of the Project will be of a
type properly chargeable to a capital account under general Federal income tax principles.
Section 3. The maximum principal amount of debt expected to be issued for the Project is Three
Million, Eight Hundred Fifty Thousand ($3,850,000) Dollars.
Section 4. The adoption of this resolution is consistent with the budgetary and financial
circumstances of the Issuer and all other entities that are part of the Controlled Group.
Section 5. This resolution shall take effect immediately upon its passage.
Section 6. Beginning no later than 30 days after the adoption of this resolution and ending on
the date on which the Bonds are issued, this resolution will be reasonably and continuously
available for inspection by the general public, on each business day and during normal business
hours, at the Iredell County Government Center, 200 South Center Street, Statesville, NC.
PASSED AND ADOPTED THIS 3rd day of March, 1992.
Attest: Alice Fortner/s
Clerk to the Board
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s/R. B. Sloan Jr., Chairman
Iredell County Board of Commissioners
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