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ESTABLISHMENT OF DATE FOR TAX LIEN SALES: Chapter 105-369 of the North Carolina
Machinery Act requires the tax collector to provide the county board of commissioners
with a report on total amount of unpaid taxes for the current fiscal year. Mr. Joe
Ketchie, tax collector, presented this report to the board. The report involves a
total of $1,347,488.29 (County: $1,077,007.22; City: $270,441.07), including inter-
est, for unpaid taxes on real estate.
MOTION from Commissioner Murdock that taxes which are liens on real property
be advertised twice in a local newspaper, setting the date for the first advertise-
ment for the first Monday in April, 1985. VOTING: Ayes - 5; Nays - 0.
TAX COLLECTIONS REPORT - JANUARY 1985: Mr. Joe Ketchie, tax collector, present-
ed the collections report for the month of January 1985. This was accepted as infor-
mation by consensus of the board. No vote taken.
PARKER -HANNIFIN SEWER LINE EXTENSION - FORMAL ACTION: On January 18, 1985, the
majority of the board of county commissioners was polled and consensus was reached
to join with the Town of Mooresville in the county's water and sewer line extension
policy agreement to extend a sewer line to the Parker -Hannifin Corporation site,
located on Highway 21, North. This funding is expected not to exceed $70,000, which
represents 70% of the total cost of the project. On January 18, 1985, the board
members believed the project would represent approximately $5 million investment
through tax revenues in five to seven years. The county's commitment with Parker -
Hannifin is with the understanding it will be satellite annexed within a three-year
period. The county manager has advised the board that based upon the sewer line
policy wherein repayment at the time of annexation would occur in five equal payments,
and with the revenues on the $2 million received through ad valorem taxes, the county
could still receive a return of the $70,000 investment in approximately five years.
MOTION from Commissioner Murdock to approve the project as presented in the
county manager's memorandum to the board, which states:
(1) The agreement is subject to the Parker -Hannifin industry actually locating
at the proposed site.
(2) Seventy per cent of funding (not to exceed $70,000) is to be paid by the
County.
(3) The agreement is based on the estimated tax value of Parker -Hannifin in the
amount of $2 million and employing approximately 60 people.
(4) Satellite annexation of the Parker -Hannifin industrial site to occur within
a three-year period.
(5) Based on the regular water and sewer line extension agreement between Iredell
County and the:own of Mooresville, wherein repayment of the $70,000 will occur in
five equal annual payments at no interest beginning at the time of satellite annexa-
tion.
(6) The above will ensure the recoupment of the County's investment in five
' years.
VOTING: Ayes - 5; Nays - 0.