HomeMy WebLinkAboutC.054.93009_0021 (2)V,
Proceeds from Certificates of Participation $13,413,270
Transfer from General Fund Appropriations 1,119,843
Contributed Capita l-Iredell/Statesville Schl. 291,050
Interest on Construction Fund 196,518
Interim Financing 3,527,420
TOTAL $18,548,101
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 the County Manager or his designee.
This ordinance being duly adopted this the 16th day of March
1993.
In discussing the vote, Commissioner Boone said he was voting
against the Capital Projects Ordinance because he was opposed to
the Certificates of Participation financing. He asked the record
to reflect that and cited the $381,000 listed as costs for
preparation of the documents for issuance as an example of his
opposition to the matter.
VOTING: Ayes - 4; Nays - 1 (Boone).
PARKING LOT AT THE CORNER OF WALNUT AND MEETING: STREETS: Mr.
Carson Fisher, staff engineer, presented this item to the board.
The parking lot was originally constructed on the basement level of
a masonry building. Portions of the retaining walls were formerly
walls of the building which were left as retainer walls. The walls
are starting to fail, and Mr. Fisher was recommending some changes,
which were to tear down the walls that need repair and construct an
earthen embankment, to reconstruct the walls with a similar type
structure, to fill in the entire parking lot and then resurface, or
to leave it as it is. The cost of filling in and resurfacing will
cost approximately $40,000, which is the recommendation. There was
$26,573 allotted in the Maintenance budget for this project. This
would require additional funds.
MOTION from Commissioner Madison to authorize the filling and
paving as Mr. Fisher has suggested, with a maximum expenditure of
$40,000, which would require a Budget Amendment $30 for $13,427
from Contingency to the Maintenance Budget for this work.
VOTING: Ayes - 2 (Madison, Haire)
Nayes - 3 (Hamby, Stewart, Boone)
DINKY FRAI8ER AMD WIFE, NANCY R. FRAZIER, APPEAL OF TAX
ASSESSMENT: Mr. Brent Weisner, Tax Assessor, presented this to
the board. The taxes that were discovered on this property came
from a discovery on Queen City Rentals. The audit began on January
1990. For some reason the bill was not issued until November 1990.
In the meantime, the Fraziers had purchased the pioperty and Queen
City Rentals had gone bankrupt in December of 1990. The Fraziers
purchased this property approximately six weeks before the bill
went out. A petition was received from the Fraziers, and Mr.
Weisner said the facts were correct. When they purchased the
property they had no way of knowing an audit was in the process.
The Board does have the authority to compromise this bill, and
it is Mr. Weisner's recommendation that the Board be receptive to
making an adjustment to this bill in view of the circumstances.
The amount of taxes is $21,191.75, Mr. Weisner said. The
amounts for Mooresville, Mooresville Schools, and Iredell County
will be in the next Releases.
Mr. Joe Ketchie, Tax Collector, was present and recommended
forgiving the assessment.