HomeMy WebLinkAboutC.054.93011_1619 (2)(d) The County hereby requests that the Bonds be sold by the Local
Government Commission of North Carolina (the "Commission") by private sale;
(e) The County wishes to submit to the Commission at this time the County's
application for approval by the Commission of the issuance of the Bonds and
the County's request for the Commission's sale of the Bonds by private sate
pursuant to the Act;
(f) The proposed Bonds are necessary and expedient in that they will
provide needed additional facilities for the purpose of providing solid waste
disposal services to the residents of the County;
(g) The principal amount of Bonds proposed to be issued will be sufficient
but not excessive for the purpose of the Project;
(h) The Project is feasible in that the Obligated Revenues are estimated to
be sufficient to pay the principal of, premium, if any, and interest on the
Bonds and all outstanding Special Obligation Bonds of the County; and
(i) The County's debt management procedures and policies are excellent
and are managed in strict compliance with law and, under current economic
conditions, the Bonds can be marketed at a reasonable interest cost to the
County,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS FOR THE
COUNTY OF IREDELL:
Section 1. The Director of Finance and Administrative Services is hereby
authorized and directed to file an application with the Commission for approval and
sale of the Bonds. The Director of Finance and Administrative Services is hereby
further authorized and directed to provide to the Commission such additional
documents and information as the Commission may require in order to consider the
County's request.
Section 2. The Board of Commissioners hereby requests the Commission to sell
the Bonds at private sate pursuant to Section 1591-30(i) of the North Carolina General
Statutes, as amended, to such purchasers as shall be designated by the Commission.
Section 3. Subject to approval of the Commission, the County hereby engages
the firm of Sidley Austin LLP as bond counsel.
Section 4. This Resolution shall take effect immediately upon its adoption.
Upon motion of Commissioner Johnson, the foregoing resolution was passed by
the following vote:
Ayes: Commissioners Norman, Tice, Johnson, Robertson and Williams.
Noes: 0
Request for Approval of a Resolution Regarding the Construction of a $126,000
Access Road at the Statesville Airport with Costs to be Split with the City of Statesville
($63,000 for each entity): Commissioner Johnson said a resolution had been presented for
the county and the City of Statesville to participate equally on an access road on the western
part of the taxiway at the Statesville Regional Airport. He said the road would give access
to property for development south of the Lowes Hangar. Johnson said it was anticipated, if
the county participated by contributing the $63,000 that soon a major addition would occur
to the airfield. He said the $63,000 would be returned to the county by the development.
Commissioner Williams said he understood the new access road would extend to the
property directly beside the Lowes property and no further.
Commissioner Johnson said that south of the Lowes property, the topography was not as
good as it was at the taxiway's north end. He said to obtain future development on the west
side of the taxiway, fill dirt would have to be hauled to create a hangar area. Johnson said the
access road would allow this.
Williams asked if the board was committing to that further development -- bringing in
the dirt.
Johnson said that aspect was not a part of this resolution. He said that in his role as the
airport commission chairman, he would not present anything to the board of commissioners that