HomeMy WebLinkAboutC.054.93010_0962Be it Ordained by the Board of County Commissioners of Iredeil County, North Carolina:
Section 1. Funding for the projects shall be provided by the following sources:
Par Amount of the Series 2000 Bond $38,180,000
Add: Accrued Interest 107,656
Bond Premium 448,791
Deduct: Original Issue Discount (385,795)
Interest on proceeds account during construction period 1,739.293
293
Total Sources of Funds PS4 9.945
Section 2. Capital Outlay will be financed for the Iredell-Statesville Schools and the Mooresville
Graded School District as follows:
Projects
Iredell-Statesville Schools — Lakeshore Phase 11 and Lake
N $38,058,105
Norman High
Mooresville Graded Schools — Mooresville High School 5,500,000
Issuance costs for the Series 2000 Installment Payment Revenue Bonds
Underwriter's Discount 294,374
Bond Insurance Premium 198,517
Legal, ratings agencies, printing, other 172,143
Deposit to Interest Payment Account 107,656
Reimbursement to Iredell County for Debt Service on the Project 1,759,100
Total Uses of Funds sA.082,245
Section 3. This Capital Project Fund shall continue until the projects are complete.
Section 4. Payments from this Capital Project Fund shall be authorized by a representative of
each school administrative unit and copied to the Iredell County Director of Finance
and Administration.
Section 5. Upon completion of the construction project, all funds remaining in this Capital
Project Fund will be disbursed in accordance with the Trust Agreement by and
between Iredell County Public Facilities Corporation and First Union National Bank,
(Wachovia) as Trustee.
4. Announcement of the January 16-17, 2003 Legislative Goals Conference
Sponsored by the North Carolina Association of County Commissioners at the
Research Triangle Park & Appointment of Commissioner Marvin Norman as the
Voting Delegate and Commissioner Sara Haire Tice as the Alternate
5. Request for Adoption of a Resolution of Intent to Adopt a Fair Housing Plan
under Section 104(d) of the Housing and Community Development Act of 1974, as
Amended: The adopted resolution is as follows:
IREDELL COUNTY
RESOLUTION OF INTENT TO ADOPT A FAIR HOUSING PLAN
UNDER SECTION 104(d) of the HOUSING & COMMUNITY DEVELOPMENT ACT
OF 1974, AS AMENDED
WHEREAS, the Iredell County Board of Commissioners is applying for a
Community Economic Development Block Grant; and
WHEREAS, upon approval and acceptance of said grant, the Iredell County
Board of Commissioners will adopt a Fair Housing Plan; and
WHEREAS, the purpose of this plan is to provide various activities to inform the
citizens and promote fair housing in the community.