HomeMy WebLinkAboutC.054.93010_12866. ent
Request from Bonanza
to the Town oeMooresviilefor
on L1 AcresRelease
of Property: During the
agenda briefing, Planning Supervisor Smith said Bonanza Development had requested the
release of zoning and subdivision jurisdiction to Mooresville for property located at 918
Brawley School Road, in Mooresville, NC. He said the tract was adjacent to the Mooresville
town limits, it was within the urban services boundary, and it had been approved for a utility
extension and annexation by the Town for 2004. Smith continued by saying the property was
currently zoned nd
t was designated for transional usage
Brawley ,School Peninsula Sm ll al tArea uPlana Het said the staff recommended apprn al. n the
7. Request for Approval to Enter into a 60 -Month Contract with BellSouth
(Voice/Data Lines): At the 5 p.m. meeting, Purchasing Agent Caldwell asked for permission
line contract with BellSouth. Caldwell said she had
to renew the county's voice and data phone
combine as many services as possible to achieve
worked with BellSouth's representative to
volume discountsand to reduce the overall costs. She said a $24,325 annual savings had been
achieved, and the contract was now below he NC State Contract. Caldwell said the county's
affiliation with BellSouth dated back to 1986, and the county had never been without service,
e
even during and after Hurricane Hugo. She said thewadjustments could be mad 0 months, but
if the county became dissatisfied with any components,
g, Request for Approval of a School Capital Project Ordinance in Conjunction with
the Series 2003 Certificates of Participation (CODs): Finance Director Blumenstem, at the
briefing, said aproject ordinance had been drafted to account for the proceeds originating out of
the at aft
would Series
2003 Certi the ss of participation
The ordinanceShe said hs as follows;er the bond closing, the funds
le
Iredell County, North Carolina
Project Ordinance
Certificates of participation, Series 2003, School Projects
December 16, 2003
Be it Ordained by the Board of County Commissioners of iredell County, North
Carolina:
Section i. Funding for the projects shall be provided by the following sources:
$37,055,000
Par Amount of the Series 2003 Bonds 11,905
Add; Accrued Interest 970,443
Bond Premium (173,008)
Deduct: Original Issue Discount MAW"
Total Sources of Funds
le
Section C1 Capital ommunity Collegelay , and he Mooresville l be financed for the IGraded Schol IDistr cot as follows: ll
Projects7,051,200
Iredell-Statesville Schools — S offs rmony
Elementary School 6,528,000
ntary 1
Woodland Heights 1 0,800
000,000
Mitchell Community College -Workforce Dev. Bldg.
1,00
Mooresville Graded Schools -Mooresville Intermediate School $37 222,610
issuance Costs for the Series 2003 Certificates of Participation 175,750
Underwriter's Discount 284,285
Bond Insurance Premium 11,905
Legal, ratings agencies, printing, other 3,79
Deposit to interest Payment Account 641.730
Total Uses of Funds SEAM"
Section .3. This Capital Project Fund shall continue until the projects are complete.
f each
Section 4. Paymentsh of administrative unthis til and copied to the Ir dell ect Fund shall be authorized
rector of Financy a representative& Adm.
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 Citizens Bank Corporate Trust.