HomeMy WebLinkAboutC.054.93010_0950 (2)Consulting had submitted proposals to provide the necessary application for the $400,000
scattered site housing grant. The manager recommended Benchmark's proposal at a cost
of $10,000.) (Note: The $10,000 is included in the $400,000 and is an allowable expenditure. Also, the
application completion is separate from the actual gram administration.)
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Request for the Adoption of a Resolution Calling for a Public Hearing on
December 17, 2002 Concerning the Refinancing of a Portion of Outstanding Series
2000 Installment Payment Revenue Bonds: Chairman Tice introduced the following
resolution that was read by title and summarized by the Director of Finance and
Administration.
RESOLUTION CALLING A PUBLIC HEARING
CONCERNING THE REFINANCING, PURSUANT TO AN
INSTALLMENT FINANCING AGREEMENT, OF A PORTION OF THE
OUTSTANDING INSTALLMENT PAYMENT REVENUE
BONDS (IREDELL COUNTY SCHOOL PROJECTS), SERIES 2000
ISSUED BY IREDELL COUNTY PUBLIC FACILITIES CORPORATION
WHEREAS, in order to achieve debt service savings, the Board of
Commissioners for the County of Iredell, North Carolina (the "County") is considering
the refinancing, pursuant to a first supplemental installment financing agreement (the
"Agreement") to be entered into with Iredell County Public Facilities Corporation (the
"Corporation"), of a portion of the County's payment obligations under that certain
Installment Financing Agreement, dated as of July 1, 2000, by and between the County
and the Corporation, by refunding a portion of the Corporation's outstanding Installment
Payment Revenue Bonds (Iredell County School Projects), Series 2000; and
WHEREAS, the Agreement, if entered into, will comply in all respects with
Section 160A-20 and Chapter 159, Article 8 of the General Statutes of North Carolina
and the guidelines of the Local Government Commission of North Carolina for all
financings and refinancings undertaken pursuant to said Section; and
WHEREAS, said Section 160A-20 requires that, before entering into an
installment financing agreement involving real property, the County shall hold a public
hearing on such agreement.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the
County of Iredell:
Section 1. A public hearing with respect to the Agreement is hereby directed to be
held on Tuesday, December 17, 2002, at 7:00 P.M., in the Commissioners' Meeting
Room at the Iredell County Government Center in Statesville, North Carolina.
Section 2. The Clerk to the Board of Commissioners is hereby directed to publish
notice of said public hearing, in substantially the following form, once at least ten (10)
days prior to the date of the public hearing as required by Section 160A -20(g) of the
General Statutes of North Carolina:
NOTICE OF PUBLIC HEARING BY
THE BOARD OF COMMISSIONERS
FOR THE COUNTY OF IREDELL,
NORTH CAROLINA, CONCERNING
THE REFINANCING, PURSUANT TO AN
INSTALLMENT FINANCING AGREEMENT, OF
A PORTION OF THE OUTSTANDING INSTALLMENT
PAYMENT REVENUE BONDS (IREDELL COUNTY SCHOOL
PROJECTS), SERIES 2000 ISSUED BY IREDELL COUNTY
PUBLIC FACILITIES CORPORATION