HomeMy WebLinkAboutC.054.93009_0208 (2)5. Past budaetary and fiscal management policies Iredell
County has always adopted its budget in a timely manner in
accordance with North Carolina statutory requirements and has
obtained an unqualified opinion from a certified public accountant
in connection with each annual audit.
6. Retirement of Debt: Present valuation analysis indicates
that ad valorem taxes of approximately 8.8 cents per $100 valuation
will be used to retire the additional debt service.
NOW, THEREFORE, BE IT RESOLVED BY THE IREDELL COUNTY BOARD OF
COMMISSIONERS:
A. The Director of Finance and Administrative Services is
directed to publish a notice of intent to make application to the
Local Government Commission of the State of North Carolina for
approval of the bond issue in the amount of Forty -One Million
Dollars ($41,000,000) as required by North Carolina General Statute
159-50.
B. The Director of Finance and Administrative Services is
further directed to file application for approval of the bonds with
the Local Government Commission as required by North Carolina
General Statute 159-51 and is designated the representative of this
County for said purpose and other actions not inconsistent with
this resolution.
C. That a bond referendum be submitted to the qualified
voters of Iredell County for said Forty -One Million Dollar
($41,000,000) bond issue on the 2nd day of November, 1993.
D. That Brown & Wood be employed as bond counsel to represent
the County in the authorization and issuance of bonds.
This resolution is effective upon its adoption this 3rd day of
August, 1993.
The motion to adopt this resolution was made by Commissioner
Hamby and passed by a vote of 4 to 1.
Ayes - 4; Nays - 1 (Madison).
CARL LITARBR - KEEP AMERICA BEAUTIFUL ENDORSEMENT: Mr.
Litaker made this request of the board. His request was for the
board to adopt a resolution endorsing the Keep America Beautiful
program and Iredell County and also committing twenty-five cents
(25 cents) per capita population in Iredell County for the project.
This would amount to $16,014, if the census figures Mr. Litaker has
are correct.
Commissioner Boone inquired what the $16,014 would be used
for. Mr. Litaker said they would need a telephone and a staff
person in an office that will be provided by Mitchell Community
College. It is hoped that this first year they will have a lot of
help from senior citizens and from Mitchell Community College
students, which will cut costs. There is a $3,700 one-time
initiation fee for membership in Keep American Beautiful (KAB). He
said there was no way he could give a complete breakdown on the
budget this first year. The only thing that he could say is that
in Gastonia they are spending in excess of - yearly on their
budget, and they are hoping in Iredell County to keep their figures
under that amount, Litaker said. They want to encourage industry
to support this project.
Commissioner Hamby made an inquiry about the group's goals.
Commissioner Stewart inquired how this would coordinate with
the present Keep Iredell Clean. Mr. Litaker thinks it would
enhance the KIC program.
Commissioner Stewart expressed concern about any project that
requires additional outlay of tax dollars at this time. She
AUG. 1993 191