HomeMy WebLinkAboutC.054.93008_0611166
the effect that any such funds repaid to the City of Statesville would be used exclu-
sively for industrial development purposes. Should the city decide not to use those
funds for industrial development purposes, the city would be required to repay all of
the county's investment in the sewer line plus interest.
MOTION from Commissioner Campbell that Iredell County cooperate with the City of
Statesville in the development of the uDAG Grant for the Rubbermaid plant with Chair-
man Joe Troutman and the County Manager being given the authority to negotiate final
conditions with the City of Statesville, provided that in no case the county's finan-
cial participation would exceed the amount that the county would provide should the
line be extended under the terms of the existing Water and Sewer Extension Policy be-
tween the City of Statesville and Iredell County, and further provided that any funds
being repaid by Rubbermaid to the City of Statesville be used for industrial develop-
ment or the city would return the County's investment in the sewer line plus interest
accrued on the county's investment, and further that the chairman and clerk are author-
ized to sign the contract documents on behalf of the county. '
VOTING: Ayes - 5; Nays - 0.
Clerk to the Board
APPROVED: 12/6/83, Recorded at Register of Deeds Office, Book 26, pp. 685-696.
ATTACHMENTS TO AGENDA;
THE BOARD OF COMMISSIONERS FOR THE
COUNTY OF IREDELL, NORTH CAROLINA
Extract of minutes of a public hearing on a proposed
industrial development revenue bond issue to finance a proposed
industrial project for Ingersoll-Rand Company and subsequent
approval of the issuance of not exceeding $10,000,000 aggregate
principal amount of industrial development revenue bonds of the
Iredell County Industrial Facilities and Pollution Control
Financing Authority to finance the proposed industrial project
and approval of the proposed industrial project.
The Board of commissioners for the County of Iredell, North Carolina, met in ad-
journed regular session in the Statesville City Club located at 206 Cooper Road in
Statesville, North Carolina, at 12:00 P.M., on November 22, 1983. The following
Commissioners were:
Present: Commissioners Troutman, Murdock, Ostwalt, and Campbell
Absent: Mills
Also Present: Robert N. Randall, County Attorney; J. Wayne Deal, County Manager;
Alice Fortner, Clerk to the Board; Darrell Hathcock, Statesville Record & Landmark;
and Fred W. Gunther, Ingersoll-Rand Company.
At 12:15 P.M., the Chairman of the Board of Commissioners for the County of
Iredell (the "Board") announced that the Board would proceed to hold a public
hearing and would hear anyone who wished to be heard on the proposed issuance by
The Iredell County Industrial Facilities and Pollution Control Financing Authority
(the "Authority") of not exceeding $10,000,000 aggregate principal amount of its,.
industrial development revenue bonds to finance the construction of an approximately