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HomeMy WebLinkAboutC.054.93008_0780335 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.