HomeMy WebLinkAboutC.054.93009_1071 (2)2.14
Section 5. The Special Revenue Fund is established for the
five-year period beginning with the 1991-92
budget year.
Section 6. It is estimated that the following revenues will
be available for the Special Revenue Fund for
the period July 1, 1995, through June 30, 1996:
Fund Balance, July 1, 1994 $ 220,711
Unspent operating expenses 93/94 33,769
94/95 appropriation 35,500
Appropriation to S. Iredell Parks Fund (73,307)
95/96 appropriation 35,500
Unspent operating expenses 94/95 40.618
Total Revenues $ 292,791
Section 7. It is estimated that the amount reserved for
construction of parks and purchase of equipment
will be as follows:
Available for appropriation $ 292,791
This Amended Ordinance being adopted this the 17th day of
October, 1995.
Chairman
VOTING: Ayes - 5; Nays - 0.
REQUEST FOR RELEASE OF TWO LETTERS OF CREDIT AND APPROVAL OF
TWO LETTERS OF CREDIT: Mr. Jerry Lundy explained these requests.
The releases pertain to Beacon Pointe (Map 1). Crescent
Resources has requested release of Letters of Credit 040163 and
040164 issued by United Carolina Bank to cover the costs of
street improvements, necessary engineering/surveying costs, and
installation of the water distribution system. The developers
have now completed all improvements.
Crescent Resources has requested approval of two Letters of
Credit for Pinnacle Shores (Phase IS, Maps 7 & 8). The letters
were issued by United Carolina Bank with an expiration date of
10/5/96. Letter of Credit #40401 is in the amount of $106,342.00
to cover the cost of street improvements and the necessary
engineering/surveying costs. Letter of Credit #40402 in the
amount of $20,200.00 is to cover the cost of the installation of
the water distribution system.
MOTION by Commissioner Madison to release Letters of Credit
140163 & #40164.
VOTING: Ayes - 5; Nays - 0.
MOTION by Commissioner Johnson to approve Letters of Credit
#40401 & 040402.
VOTING: Ayes - 5; Nays - 0.
REQUEST FOR BOARD CHAIRMAN TO SIGN MOORESVILLE ANNRYATION
PETITION IN REFERENCE TO SEWER FOR MOORESVILLE TRANSFER STATION:
The county manager explained that the Mooresville Town Board
approved the County's request to connect their sewer to the
transfer station. This action, however, was contingent upon the
County agreeing to sign an annexation petition. This is the
town's standard procedure before utilities are extended.
MOTION BY Commissioner Johnson to grant permission to
Chairman Haire to sign the annexation petition.
VOTING: Ayes - 5; Nays - 0.
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