HomeMy WebLinkAboutC.054.93009_1672 (2)Mooresville Town
7,719.89
Mooresville Downtown
.76
Mooresville School
2,414.48
Harmony
4.47
Troutman
322.59
Love Valley
-0-
REFUNDS FOR THE MONTH
OF SEPTEMBER 1997 877.39
Breakdown of Refunds:
County
462.93
Solid Waste Fees
78.00
E. Alexander Fire #1
4.62
Mt, Mourne Fire #3
8.47
Statesville City
283.28
Mooresville Town
19.85
Mooresville School
4.97
All County Fire #4
15.27
DISCUSSION/APPROVAL OF NORTH CAROLINA STATEWIDE EMERGENCY
MANAGEMENT MUTUAL AID & ASSISTANCE AGREEMENT: MOTION by Commissioner
Stewart to table this item until such time that it has been revised and in final form.
VOTING: Ayes - 4; Nays - 0.
REQUEST FOR CONSIDERATION OF RENEGOTIATION OF STORMWATER
MANAGEMENT INCENTIVE FOR TRONA (ADVANCED RUBBER
COMPOUNDING/ARC) INTERNATIONAL $131,500 APPROVED ON APRIL 15,1997): The
county manager recapped a letter sent to the Board about changes being requested by THONA
concerning the incentive package. Mr. Mashburn said:
A THONA was requesting that the qualifying investment threshold be reduced to $4.5 million
and the employment threshold be 30 employees at a 110% of the 1995 average wage. The company
expects to reach these limits by January 1, 1998 and that the first reimbursement will be based on the
tax value of that date, and the average employment for the second quarter of 1998. Payment will be
made to THONA in the third quarter of `98 after taxes are paid.
♦ Reimbursement for the second year (1999) will be based on the tax value of January 1,
1999, and the same employment calculation will be used and reimbursement payment will be made
in the third quarter of 1998 after the taxes are paid.
♦ THONA agrees that it will increase its investment in Iredell County to $7.5 million by
January 1, 2000, and its employment to 50. If the threshold mentioned here is not reached by that date,
Iredell County will consider its obligation met and no further reimbursement payments will be
expected.
A The maximum amount of reimbursement will be $131,500.
MOTION by Commissioner Stewart to approve the THONA Economic Incentive Agreement
in the amount of $131,000.00 with the following corrections: (1) In Section 4 that a sentence be added
saying, " In no event will reimbursement extend for more than five (5) years." and (2) that in Section
5 a stipulation be added about the payment of interest (legal rate), and that authorization be given to
the Vice Chairman to sign the agreement.
VOTING: Ayes - 4; Nays - 0.
REQUEST FOR APPROVAL OF BUDGET AMENDMENTS #s 10, 11, 12, & 13:
Mrs. Blumenstein described the following amendments and recommended approval:
#10 Transfers net unspent Recreation Budget from 96-97 to Parks Reserve & Sl Parks Fund
#I I Appropriates amounts reserved for Encumbrances at June 30, 1997