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HomeMy WebLinkAboutC.054.93011_0346 (2)WHEREAS the parties need to enter into an additional agreement in order to provide sanitary sewer to the airport for purposes of treating both domestic and industrial discharges related to the care and maintenance of hangar areas and aircraft; and WHEREAS, pursuant to the provisions of NC.G.S. 160A-481, the City and the County are authorized to enter into this Addendum to their Interlocal agreement. NOW, THEREFORE, for and in consideration of these mutual covenants and promises, the parties do agree as follows: 1. Should the city advance from the water and sewer fund the necessary costs to complete the design and construction of sanitary sewer from the third creek outfall to the west side of runway 10-28 in that event the county shall: a. Reimburse the City for one-half of the city's loss of investment earnings on the amount expended based upon the earnings being received by the City on its investments during the term of repayment. Charges begin accruing at the time the project is complete; and b. The County's reimbursement to the City pursuant to Paragraph No. I above shall be made on a semi-annual basis over a ten-year period beginning July 1, 2005. 2. The County's reimbursement to the City pursuant to Paragraph No. I above shall be made on a semi-annual basis over a ten-year period beginning July 1, 2005. 3. The County shall in recognition of the installation of sanitary sewer and potable water in the area agree to grant the city extra -territorial planning and zoning jurisdiction (ET.1) as shown on attachment one (1) of this agreement. 4. Except as modified the terms of that Interlocal Agreement entered into between the parties dated October 7, 2003, shall remain in effect. CLOSED SESSION: OTIO by Chairman Johnson at 3:50 P.M., to enter into closed session for the purpose of conferring with Attorney Yarborough [G.S. 143- 318.11 (a) (3)) in regards to the lawsuit initiated by the Iredell-Statesville School System. VOTING: Ayes — 5; Nays — 0. (RETURN TO OPEN SESSION AT 4:15 P.M.) RECESS OF MEETING: OTIO by Chairman Johnson to continue the meeting until Wednesday, July 7, 2004, at 12 Noon (Iredell County Government Center, 200 South Center Street, Statesville, NC — South Wing Conference Room), for further discussion regarding the Iredell-Statesville School System's lawsuit. VOTING: Ayes — 5; Nays — 0. Approval: Clerk to the Board