HomeMy WebLinkAboutC.054.93009_2302 (2)ACKNOWLEDGMENT & STATEMENT OF APPRECIATION TO THE
HONORABLE MITCHELL SETZER (N.C. General Assembly Representative for the 43rd
House District) FOR HIS DONATION OF A FRAMED COPY OF HOUSE RESOLUTION
1487 WHICH HONORS THE LIFE & MEMORY OF JAMES IREDELL FOR WHOM
IREDELL COUNTY IS NAMED: Chairman Haire requested that a letter of appreciation be sent
to Representative Setzer for his generosity and thoughtfulness.
APPOINTMENTS BEFORE THE BOARD
PRESENTATION OF THE IREDELL COUNTY AUDIT FOR THE YEAR ENDING
JUNE 30,1999, BY MR. RON MCLELLAND, CPA: McLelland said the financial report was
mailed to the North Carolina Local Government Commission on October 22, 1999, and was
approved November 2, 1999. Mr. McLelland said his "report on the general purpose financial
statements were unqualified." He stated this was the highest level of assurance his company was
permitted to provide. He also said there were no findings of noncompliance with state and federal
award findings.
Mrs. Blumenstein, Director of Finance and Administration, distributed copies of the audit,
along with a one-page summary on the status of the general fund. She said the summary outlined
where variances in revenues and expenditures occurred. Mrs. Blumenstein said the county's fund
balance as of today was 12.2%, which was a little over what had been anticipated. She noted,
however, that if all expenditures had been made, that were budgeted in 1998-99, the fund balance
would have been 10%.
PRESENTATION OF THE "TAXPAYER'S FRIEND AWARD" BY MR. BUDDY
HEMRIC OF THE CITIZENS FOR INTEGRITY ORGANIZATION: Mr. Hemric said his
organization looked at many issues in the selection of an award nominee. Hemric said
"Commissioner Johnson spoke for the widow on a fixed income as forcefully as he did for the
wealthy developer." Mr. Hcmric then presented the 1999 award to Commissioner Steve D.
Johnson in appreciation of his conservative stewardship of taxpayers' money and his dedication to
integrity in government.
PUBLIC HEARING
Chairman Haire declared the meeting to be in public hearing session. The hearing was
advertised on November 2, 1999, in the Statesville Record & Landmark, and an affidavit of
publication was included in the commissioners' agenda packets.
PROPOSED ISSUANCE OF INDUSTRIAL REVENUE BONDS IN THE AMOUNT
OF $5,000,000 FOR B&B FABRICATORS, INC., BY THE IREDELL COUNTY
INDUSTRIAL FACILITIES & POLLUTION CONTROL FINANCING AUTHORITY:
Chairman Haire said the Iredell County Facilities & Pollution Control Financing Authority had
adopted a resolution expressing the intention to issue industrial development revenue bonds for the
purpose of assisting B&B Fabricators (1304 Barkley Road, Statesville, NC) in the financing of the
acquisition, construction, and equipping of its facility.
Attorney Pope said the industrial facilities authority had been created to help new and
existing industries in the county. Pope said the authority approved the issuance of bonds in concept,
and then the board of commissioners and the North Carolina Local Government Commission had
to approve them. Pope continued by saying that governments could borrow money cheaper than
private businesses. Mr. Pope said the credit of county would not be pledged in the bond issuance.
Harold McLain, the general manager for B&B Fabricators, said the company had operated
in the county for 25 years. He stated that several years ago the company engineered and designed
equipment and machinery that were used for carpet rebonding or padding. McLain said the
equipment/systems were built locally and shipped throughout the United States by companies
manufacturing carpet rebond. The company would like to expand its markets; however, the current