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(b) The Board of Commissioners for the County of Iredell has reviewed the action to
be taken by the Board of Commissioners of the Authority in connection with the issuance
and sale of the Bond and has made such other examination and investigation as it deems
necessary and relevant as the basis for the approval set forth herein.
Section 2. Pursuant to and in satisfaction of the requirements of Section 159C -4(d)
of the General Statutes of North Carolina, the Board of Commissioners for the County of
Iredell hereby approves the issuance by the Authority of its Industrial Revenue Bond
(Kewaunee Scientific Equipment Corporation Project No. 1) in the principal amount not to
exceed $6,075,000. The Bond shall not be deemed to constitute a debt of the State of
North Carolina or any political subdivision or any agency thereof, including Iredell
County, or a pledge of the faith and credit of the State of North Carolina or any
political subdivision of such agency, including Iredell County, but shall be payable
solely from the revenues and other funds provided therefor.
Section 3. This resolution shall take effect immediately upon its passage.
VOTING: Ayes - 5; Nays - 0.
EXECUTIVE SESSION: MOTION from Commissioner Mills to enter into Executive Session
for the purpose of discussing litigation. VOTING: Ayes - 5; Nays - 0. MOTION to adjourn
from Executive Session from Chairman Hedrick. VOTING: Ayes - 5; Nays - 0.
ADJOURN: MOTION to adjourn from Commissioner Stewart. Next meeting: Wednesday,
June 12, 1985, 8:00 p.m., County Annex Conference Room.
CLtK
APPROVED: 8/20/85.
IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
JUNE 12, 1985
The Iredell County Board of Commissioners met in Regular Adjourned Session on Wednes-
day evening, June 12, 1985, County Annex Conference Room, 8:00 p.m., for the purpose of
discussing the proposed 1985-86 budget. Present for the meeting were:
Larry S. Hedrick, Chairman
William A. Mills, Vice Chairman
Jessie S. Crosswhite (arriving at 8:45 p.m.)
Frances L. Murdock
Alire M. Stewart (arrving at 8;45 p.m.)
Others prsent: J. Wayne Deal, County Manager
Alice Fortner, Clerk to the Board
CALL TO ORDER: By Chairman Hedrick
INVOCATION: By Chairman Hedrick
GREATER STATESVILLE CHAMBER OF COMMERCE: Mr. Danny Hearn, president, Greater States-
ville Chamber of Commerce; and Jim Thompson, chairman, Greater Statesville Chamber of
Commerce; presented the board with the chamber's proposal for an economic development
committee, giving dollar amount of increased funding for their proposed program.
The chamber representatives discussed in detail their proposal for the economic
development program and where they proposed to secure the funding to support it.
After a discussion it was the consensus of the board that the Statesville Chamber
should approach the Moorsville Chamber and see if they would be interested in becoming
involved in this economic development program. Members of the Statesville Chamber were to
make this contact and come back to the board of commissions to report the outcome of this
meeting.
With the inclusion of the economic development program, the funding level for the
Greater Statesville Chamber wold be $40,000 ro $25,000 above the current level of funding.
BUDGEY WORK SESSION: The remainder of the time was spent in reviewing with the
county manager the various departmental budgets.
NO BOARD ACTION WAS TAKEN DURING THIS MEETING.
ADJOURN: Chairman Hedrick adjourned ';he meeting at 11:15 p.m. Next meeting: June '
13, 1985, 1:30 p.m., Agricultural Center Conference Rooms 1 and 2.
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APPROVED: August 20, 1985.