HomeMy WebLinkAboutC.054.93009_1144Chairman Haire mentioned that the commissioners and staff
had tried to come up with a compromise. Commissioner Stewart
added that she had received cards and letters from both sides and
that the neighbors just wanted to protect the neighborhood.
VOTING: Ayes - 4; Nays - 1 (Madison)
REQUEST FOR FINAL APPROVAL OF INDUSTRIAL REVENUE BONDS FOR
THE SULLIVAN CORPORATION: Commissioner Johnson introduced the
following resolution, a copy of which has been distributed to
each Commissioner and the title of which was read:
•RmoLgTr01 A"RowM 490 ie6"mQN of $3,000,000
A00mATH PR mm" am=r or impumi" RBro08
B0m9 too gn&avam caPORty= PROJBCr) I SBtaB 1996
or 4180 amELL Coustfr xiameT AL TACM4I86 aim
moLLglla Cona04 rZIANCag AOTHWPrr To 1`11"CN A
PRO== a 'amg.L Courn no 490 EULlavAm OOgPaATlcm
Am avPmvaB : mmMICT.
B8 IT RMLVSD by the Board Of Commissioners for the County of Irode"'
section 1. The Board of Coned.oloners has detaralnod and does hereby dealers as follows,
(a) The Hoard of Connissionazs at The Ireail county Industrial racilitiee and Pollution
Control Financing Authority (hezaia istarted to as the •Authority.) has Net and taken the
tolleeing action in connection with the proposed issuwoe and sale of the Auth0zity s Ist
ndurial
eevsnue Honda (The sulliwo Corporation Project), eerie 1996 (the •eoads•I, in the aggregate
principal amount of not in snows of $3.000,0007
(1) approved the tor* of Loan A9rseeeat, to be dated a. at January 1, 1996 (the -Loan
Clean, between theClean, and The Sullivan Corpoetion (the •Compoay), including the form
of piozdx:uy Cots (the -not*-) attached As Rsaibit A theietol
12) approved the farm of Trust Indsaturs, to be dated As of Jsneasy 1, 1996 (red
-fndontw ), by and between the Isswr and Branch Booking and Trust Company, as trusts (the
•Trustee•) with the torn of the Authoritye $3.000,000 Industrial Revenue Bondi
�3) approved the tor.). 9.faLetter� of cue, Niillwiauk", Nato be tional Assted the ociation, as iste at suer oof at the Utter
(Cho Lotter of Credit•),
of Credit (the •sack•) J
•(4) appcovod the tncs at Plthe comp"y torrgaithe ea0ke*ent, to be dated as of J"usrY 1, 1996
(the Pledge Agreohe
f RiMb=s�at Agreement, to be
•Beimburswo
aE AgreasenE•).between the Coop"y and Us Bank;
dohed a of JaauazY 1, 1996 (the
(6) approved the torn of Remarketing Agceeeent, to be dated as of Joinery 1, 1996 (the
.RN ketiag AgXOMAt•), am00 the Company and Dant Can. Columbus. N)1 (the •Ronorketieg Agent•)J
(7) approved tke torn of Deed at Trust and Assigmene o! Loaner and Boats Agreement, to be
dated as of January 1, 1996 (the -Dead of Trust-). !zee ted Company to a troatee for the benefit
at Back one, Milwaukee. National AssaoiatioaJ
(9) approved the toren of Security Agiawanut, to be dated As of Jouusiy 1. 1996, between the
cospany Had Baur One, Milwaukee. N.A. J
dated(" January 1.f 1996 tree outland toethef gBankl(theH•outltud Notts LW (•Oarelaed•)
(l0) approved the torn o! Bond Plaoeeeat A9.000 -t, to be dated the date of delivery thersut
(the •sand Placement Agrsseent•), among the Isswr, the Company and the Remarketing Agent, and
thereof, to be need in Comnotionlwitth � off ring aodfering oal0ofethee Bonds be wt" data Of delivery
(b) The Dowd of Cossaiai"ers for the Conary of Iredoll has reviewed the action to be taken
by the Hoard of Connissioare Of the Authority in coneection with the Jounce* and sale of the
goods and he made such other nomination and Jnwatigation a it dee" necessary And "lw"t as
the basis for the approval set forth hersia.
section 2. lwrsusat to and in satisfaction at the roquize*ents at section 139c-s(d) of the
Ooneral statutes of North Cevoli", the Board Of Cnm*iseinneza for the County of Iredoii hereby
approves the issuance by the authority at its industrial Revenue Bonds (The Sullivan Corporation
Projact), series 1996 in the aggrogato prineipal s*onot of not in woos of $3.000,000.
section 3. This sesolution shall take effect immediately upon its pa"a9e.
Commissioner Johnson moved to pass the foregoing resolution,
and the resolution was passed by the following vote:
Ayes: 5
Noes: 0
DISCUSSION OF 3.8. 130A-301.2 AND SMALL CONSTRUCTION AND
DEMOLITION (CAD) LRNDFILL89 The county manager advised that
under Senate Bill 9 there are some new provisions that will
require county governments to issue permits and to provide
certain monitoring of landfills to be used for demolition debris
disposal. Under the new law, a property owner desiring to
JAN 161996
021