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HomeMy WebLinkAboutC.054.93009_0340 (2)AP_ P1zOVl�i._OF LETTER OF CREDIT FOR r�rra rc -- c Mr. Lundy advised that this letter of credit was issued by citizens Savings Bank in Mooresville with an expiration date of February 1, 1994. The letter of credit is in the amount of $59,175.00 to cover the cost of the completion of a community water system, street improvements, and necessary surveying. MOTION by Commissioner Madison to approve the Letter of Credit for Laurelwood Subdivision. VOTING: Ayes - 5; Nays - 0. CONSID��TION OF NOVENRRR q 1993 PROrxRnrnrc OF muu rn r BARD OF E16E11111 IVEKBER 2. 1993 ffi.&CTION RRscn ma The proceedings considered by the commissioners were: The Iredell County Board of Elections, met in regular session at the office of the Iredell County Board of Elections, 117 Court Street, B-1, in Statesville, NC, at 11 O'clock A.M., on November 4, 1993 with the following members present: Present: Chairman James A. Dobson, Jr., presiding, Alan G. Carpenter, L. Hugh West, Jr. (all members present). At 11 o'clock A.M., the Iredell County Board of Elections met and received from the registrars and judges of elections for the several precincts in the County of Iredell the returns of the special bond referendum held in said County on November 2, 1993 upon the questions of approving $36,285,000 school bonds and $4,715,000 Community College Bonds of said County. After said returns had been canvassed by the County Board of Elections, James A. Dobson, Jr., introduced the following resolution which was read: RESOLUTION RELATING TO THE CANVASS OF THE RETURNS OF THE SPECIAL BOND REFERENDUM HELD IN THE COUNTY OF IREDELL, NORTH CAROLINA ON NOVEMBER 2, 1993 UPON THE QUESTIONS OF APPROVING $36,285,000 SCHOOL BONDS AND $4,715,000 COMMUNITY COLLEGE BONDS AND DETERMINING THE RESULTS THEREOF Elections: BE IT RESOLVED by the Iredell County Board of Section 1. The returns of the special bond referendum held in the County of Iredell on November 21 1993 upon the questions of approving $36,285,000 School bonds and $4,715,000 Community College Bonds of the County of Iredell having been received from the proper election officers and having been canvassed, this Board has found and determined and does hereby declare: (a) That each registrar and judge for said referendum was duly qualified by law and had taken the necessary oath. (b) That the election officers had incorporated in their returns not only the number of votes cast for and against each question submitted, but also the number of voters registered and qualfied to vote in each precinct in said referendum. (c) That at said referendum there were submitted to the qualified voters of said county the following questions: 1. Shall the order adopted on August 26, 1993, authorizing not exceeding $36,285,000 School Bonds of the County of Iredell, North Carolina, for the purpose of providing funds, together with any other available funds, in the amount of Prov 323