HomeMy WebLinkAboutC.054.93009_1109EX
Chairman Haire adjourned the public hearing.
MOTION by Commissioner Johnson to grant the rezoning request
from R-20, Single Family Residential to RO, Residential Office
District.
VOTING: Ayes - 5; Nays - 0.
Chairman Haire declared the meeting back in public hearing.
INDUSTRIAL REVENUE BONDS -TEE SULLIVAN CORPORATION: The
county attorney announced that Mr. Fred Groth, of The Sullivan
Corporation, as well as Mr. Jeff McKay, of the Greater
Statesville Development Corporation, were in attendance for this
public hearing. Pope said this corporation was acquiring a 6.5
acre tract. An industrial facility is proposed. The company
grinds metal. A $3 million industrial bond has been requested.
Mr. Pope advised that $3 million would be loaned to the
corporation and the corporation would then loan $1.5 million to
Gartland Realty (limited liability company based in Wisconsin).
Pope mentioned that he had found out that Gary Sullivan is the
sole shareholder of The Sullivan Corporation. Mr. Sullivan, for
tax reasons, has owned real estate and leased it to his
companies. Pope has examined the preliminary documents and they
are in order.
Chairman Haire adjourned the public hearing.
MOTION by Commissioner Madison (second by Commissioner
Stewart) to ratify the publication of the November 19 public
notice.
VOTING: Ayes - 5; Nays - 0.
MOTION by Commissioner Madison to adopt the following
resolution (second by Commissioner Boone) and to direct the Clerk
to the Board to send a certified copy to the North Carolina
Department of Commerce.
VOTING: Ayes - 5; Nays - 0.
RESOLUTION APPROVING TEE ISSUANCE BY TEE IREDELL COUNTY
INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING
AUTEORITY OF NOT EXCEEDING $3#000,000 AGGREGATE PRINCIPAL
AMOUNT OF ITS INDUSTRIAL REVENUE BONDS TO FINANCE AN
INDUSTRIAL AND MANUFACTURING PROJECT IN IREDELL COUNTY,
NORTE CAROLINA FOR TEE SULLIVAN CORPORATION AND APPROVING
OUCH PROJECT IN PRINCIPLE:
WHEREAS, the Board of Commissioners for the County of Iredell
has created a political subdivision and body corporate and
politic of the State of North Carolina known as "The Iredell
County Industrial Facilities and Pollution Control Financing
Authority" (the "Authority"); and
WHEREAS, the Authority is authorized under the Industrial
and Pollution Control Facilities Financing Act, Chapter 159C of
the General Statutes of North Carolina, as amended (the "Act"),
to issue industrial revenue bonds for the purpose, among others,
of paying all or any part of the cost of any industrial or
pollution control project for industry; to acquire, construct,
improve and equip any such project; and to make and execute
financing agreements, security documents and other contracts and
instruments necessary or convenient in the exercise of such
powers; and
WHEREAS, the Authority has determined to issue not exceeding
$3,000,000 aggregate principal amount of its industrial revenue
bonds to pay all or a portion of the costs of acquisition of
approximately 22,000 square foot manufacturing facility in