HomeMy WebLinkAboutC.054.93011_0808 (2)existing school buildings, providing necessary utilities and acquiring necessary land and
equipment in order to provide additional school facilities for the Mooresville Graded
School District ($8,230,000).
2. That taxes shall be levied in an amount sufficient to pay the principal of
and the interest on said bonds.
3. That a sworn statement of the debt of said County has been filed with the
Clerk to the Board of Commissioners and is open to public inspection.
4. That this order shall take effect when approved by the voters of said
County at a referendum as provided in said Act.
ORDER AUTHORIZING
$6,000,000 COMMUNITY COLLEGE BONDS
WHEREAS, the Board of Trustees of Mitchell Community College has, by
resolution, requested the Board of Commissioners for the County of Iredell, North
Carolina to improve the facilities of Mitchell Community College by acquiring,
constructing and renovating buildings and other facilities, including the acquisition of
any necessary land, furnishings and equipment, the estimated aggregate cost of which is
at least $6,000,000.
WHEREAS, said resolution requests said Board of Commissioners to provide
the funds required for such facilities; and
WHEREAS, said Board of Commissioners has determined to order the issuance
of bonds of the County of Iredell so that the facilities mentioned in said resolution and
in paragraph 1 of this order may be provided; now, therefore,
BE IT ORDERED by the Board of Commissioners for the County of Iredell:
1. That, pursuant to The Local Government Bond Act, as amended, the
County of Iredell, North Carolina, is hereby authorized to contract a debt, in addition to
any and all other debt which said County may now or hereafter have power or authority
to contract, and in evidence thereof to issue Community College Bonds in an aggregate
principal amount not exceeding $6,000,000, for the purpose of providing funds,
together with any other available funds, for expanding and improving the facilities of
Mitchell Community College, including, but not limited to, the construction of a
Student Services Building on the Statesville Campus and an expansion of the
Mooresville Campus, including additional parking and classroom facilities, and the
acquisition of any necessary land, furnishings and equipment.
2. That taxes shall be levied in an amount sufficient to pay the principal of
and the interest on said bonds.
3. That a swom statement of the debt of said County has been filed with the
Clerk to the Board of Commissioners and is open to public inspection.
4. That this order shall take effect when approved by the voters of said
County at a referendum as provided in said Act.
The Board of Commissioners thereupon designated the Director of Finance and
Administrative Services as the officer whose duty it shall be to make and file with the
Clerk to the Board of Commissioners the swom statement of debt of the County which
is required by The Local Government Bond Act, as amended, to be filed after a bond
order has been introduced and before the public hearing thereon.
Thereupon the Director of Finance and Administrative Services filed with the
Clerk to the Board of Commissioners, in the presence of the Board, the sworn statement
of debt as so to ed.
On otion my made by Commissioner Robertson and unanimously carried,
the Board of Commissioners fixed 7:00 P.M., on August 2, 2005, in the
Commissioners' Meeting Room at the Iredell County Government Center in Statesville,
North Carolina, as the hour, day and place for the public hearing upon the foregoing
bond orders and directed the Clerk to the Board of Commissioners to publish each of
said bond orders, together with the appended statement as required by Section 159-56 of
The Local Government Bond Act, as amended, once in the Statesville Record &
Landmark not later than the sixth day before said date.