HomeMy WebLinkAboutC.054.93011_0357 (2)Section 2. The LGC is hereby requested to approve the proposed Installment Financing
Agreement pursuant to the provisions of Article 8 of Chapter 159 of the General Statutes of
North Carolina, and the Director of Finance and Administrative Services is directed to complete
all applications and execute all documents required in connection with obtaining such approval.
Section 3. All actions heretofore taken by the Director of Finance and Administrative
Services in connection with the Installment Financing Agreement are hereby ratified and
confirmed.
Section 4. This resolution shall take effect immediately upon its passage.
Chairman Johnson adjourned the hearing.
Upon olio of Commissioner Tice, the foregoing resolution entitled:
"RESOLUTION MAIONG CERTAIN FINDINGS RELATING TO THE
REFINANCING, PURSUANT TO AN INSTALLMENT FINANCING AGREEMENT, OF
IREDELL COUNTY RESCUE SQUAD, INC.'S PAYMENT OBLIGATIONS UNDER
PRIOR FINANCING AGREEMENTS AND AUTHORIZING THE DIRECTOR OF
FINANCE AND ADMINISTRATIVE SERVICES TO FILE APPLICATION FOR
APPROVAL THEREOF BY THE LOCAL GOVERNMENT COMMISSION" was passed
by the following vote:
Ayes - 5
Noes - 0.
Note: The transaction will be for the purpose of refinancing a $700,000 debt (building &
truck) with a current 8.75% interest rate. The refinancing will be for 15 years (no prepayment
penalty) at a fixed rate of 4.18%. In addition, the action will not involve any additional funding
for the rescue squad from the county.
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Chairman Johnson declared the meeting to be in a public hearing and requested that all
individuals desiring to speak in reference to Case No. 0406-1 and its conditional uses to come
forward to be swom-in.
Request from Richard D. Boone (Case No. 0406-1) to Amend the River Highway
Corridor Land Use Plan by including a Portion of Property as Commercial and to Rezone
a Portion of Property from Resort Residential to General Business - Conditional Use
District (PIN#462841-8254 - Location: Pinnacle Lane and River Highway/NC 150W in
Mooresville, NC): Planning Supervisor Smith said the applicant, Richard Boone, desired to
rezone a .49 acre tract of land from Resort Residential to General Business/Conditional Use. He
said that if the request were granted, the River Highway Corridor Land Use Plan would have to
be amended. Smith said the applicant had agreed to the following two conditions.
• No access from River Highway/Highway 150
• Boat and Trailer Storage will be the only allowable use
Mr. Smith said the property had been used for commercial purposes since 1997. He said
the rezoning and land use amendment would bring the entire tract of property into conformity.
Smith said the adjoining property to the west was a public access area for Lake Norman, and the
properties beyond the parcel (Pinnacle Lane) were zoned General Business. He said the staff
recommended approval, and the planning board unanimously approved the request on June 2,
2004.
No one else desired to speak, and Chairman Johnson adjourned the hearing.
OTIO by Commissioner Madison, after reviewing the findings of fact and determining
them to be in order, to amend the River Highway Corridor Land Use Plan in conjunction with
Case 0406-1/Richard Boone, and to approve the rezoning request from Resort Residential
Zoning District to General Business -Conditional Use Zoning District.
VOTING: Ayes — 5; Nays — 0.