HomeMy WebLinkAboutC.054.93011_0881 (2)Mechanical Contractor
674,400
674,400
Electrical Contractor
633,850
633,850
Contingency
5,817
5,817
Construction Costs -Sewer
39,240
39,240
Construction Costs -Other
42,323 -
42,323
Depreciable Assets/Furniture, Fixtures
& Equipment
230,365 233,865
464,230
Financing & Admin Costs
(LGC Fee, Legal Fees, Title Ins, Bank Fees) 26,500 -
26,500
Transfer to Capital Reserve Fund
434,300
434,300
Transfer to General Fund
V.155,375
50,000 56,860
106,860
290.725
57.446AN
Section 3. This Capital Project Fund shall continue until the project is complete.
Section 4. The County Manager is authorized to transfer funds from Contingency to other expenditure line
items with a report to the board of commissioners at their next meeting.
Section 5. Payments from this Capital Project Fund shall be authorized by the County Manager or his
designee.
This Amended Project Ordinance being adopted September 6, 2005.
11. Request for Approval of the August 16, 2005 Minutes
---_—__--_END OF CONSENT AGENDA----------__ --
Request for Adoption of a Resolution Authorizing a Public Hearing on Tuesday,
October 4, 2005 at 7:00 P.M. & Directing the Publication of a Legal Notice Advertising such
Hearing as Required by the Tax Equity & Fiscal Responsibility Act (TEFRA) for the Issuance
of Revenue Bonds for a Driver Education and Idling Reduction Foundation Advanced Truck
Stop Electrification Network (ATE) Project: County Attorney Pope said the IdleAire Company
provided technology to truckers that reduced or eliminated engine idling when cooling or heating
vehicles at travel or truck centers. He said the benefits of the system were less wear and tear on the
engines, less fuel consumption, and less particulates being emitted into the air. Pope said the
company, through a revenue bond authority, had chosen 28 sites across the nation to locate the
technology, and one location was in Iredell County while another was in Guilford County. He said
a truck center at 306 Stamey Farm Road in Statesville was a designated project site, but first a
public hearing was needed to fulfill the legal requirements. Mr. Pope said the law firm handling the
matter did not expect any opposition. He said also the bond issuance would not impose a debt or
indebtedness on the county.
Chairman Tice then introduced and read by title the following resolution:
RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE COUNTY OF IREDELL,
NORTH CAROLINA, AUTHORIZING THE HOLDING OF A PUBLIC HEARING AND
DIRECTING THE PUBLICATION OF NOTICE WITH RESPECT THERETO AND
PROVIDING FOR CERTAIN OTHER RELATED MATTERS THERETO
WHEREAS, the County of Iredell, North Carolina (the "County') is a validly existing
political subdivision of the State of North Carolina, existing as such under and by virtue of the
Constitution, statutes and laws of the State of North Carolina (the "State');
WHEREAS, the Board of Commissioners of the County (the "Board of Commissioners")
determines that it is in the best interest of the County to hold a public hearing concerning the
approval of the issuance by the Colorado Educational and Cultural Facilities Authority (the
"Authority") of its ATE Network Revenue Bonds (DEIR Foundation Program), Series 2005 in an
aggregate principal amount not to exceed $200,000,000 (the "Bonds'), in order to (a) finance or
refinance one or more phases of the development of the Driver Education and Idling Reduction
Foundation's (the "Borrower") Advanced Truck Stop Electrification Network ("ATE") located in
the County, specifically 306 Stamey Farm Rd, Statesville, North Carolina, and (b) to pay certain
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