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HomeMy WebLinkAboutC.054.93009_2212 (2)thereof will not issue in the aggregate more than $10,000,000 of tax-exempt obligations (not counting private -activity bonds except for qualified 501(c)(3) bonds as defined in the Code) during calendar year 1999. In addition, the County hereby designates the Series 1999 Bond as a "qualified tax-exempt obligation" for the purposes of Section 265(b)(3) of the Code. Section 11. The Board hereby adopts those portions of the County's budget ordinance for the fiscal year of the County ending June 30, 2000 establishing rates and assessments for the Solid Waste System (as defined in the Order) as its Rate Resolution under Section 501 of the Order and states its intent, which is not legally binding, to operate the Solid Waste System in such a manner as to generate Solid Waste System Revenues (as defined in the Order) in an amount sufficient to cover all expenses of the Solid Waste System, including Current Expenses (as defined in the Order), debt service, the maintenance of required reserves and capital outlay. Section 12. So long as the Purchaser is the registered owner of the Series 1999 Bond, the County covenants that it will send to the Purchaser, by first class mail, postage prepaid, a copy of each notice, report and document which it is required, pursuant to the Order, to provide to the Trustee. Section 13. The Chairman and Vice -Chairman of the Board of Commissioners, County Manager, Clerk to the Board of Commissioners and Director of Finance and Administrative Services are hereby authorized to perform the duties imposed on an Authorized Officer by the Order. Section 14. The officers, agents and employees of the County and the officers and agents of the Trustee and the Bond Registrar are hereby authorized and directed to do all acts and things required of them by the provisions of the Series 1999 Bond, the Order, the Bond Purchase agreement and this Series Resolution for the full, punctual and complete performance of the terms, covenants, provisions and agreements therein and herein. Section 15. This resolution shall take effect immediately upon its passage. REQUEST FOR APPOINTMENT OF A VOTING DELEGATE FOR THE NCACC ANNUAL CONFERENCE ON AUGUST 19-22,1999, IN ASHEVILLE, N.C.: MOTION by Commissioner Bowles to nominate and appoint Sara K. Haire as the voting delegate. VOTING: Ayes - 5; Nays - 0. ANNOUNCEMENT OF VACANCIES OCCURRING ON BOARDS & COMMISSIONS HOME & COMMUNITY CARE BLOCK GRANT COMMITTEE (1 announcement) APPOINTMENTS TO BOARDS & COMMISSIONS MITCHELL COMMUNITY COLLEGE BOARD OF TRUSTEES (I appt.): At the June 15 meeting, two individuals were nominated. One position is open on the board. A vote was taken and the results were: Totals Mr. Wally Riddle was appointed to the Mitchell Community Board of Trustees for a four- teen expiring on June 30, 2003. 12 Carol Neill Wally Riddle Sara K. Haire d Steve D. Johnson d Tommy E. Bowles d Alice T. Fortner d Alice M. Stewart Totals Mr. Wally Riddle was appointed to the Mitchell Community Board of Trustees for a four- teen expiring on June 30, 2003. 12