HomeMy WebLinkAboutC.054.93011_0365RESOLUTION IN SUPPORT OF AMENDMENT ONE: SELF-FINANCING BONDS: A
LOCAL ECONOMIC DEVELOPMENT TOOL TO CREATE QUALITY JOBS, REVITALIZE
COMMUNITIES AND ATTRACT NEW ECONOMIC OPPORTUNITIES IN NORTH
CAROLINA
WHEREAS, Iredell County has a need to attract more jobs and economic development; and
WHEREAS, self-financing development bonds will have a direct impact on creating new jobs, new
investment, and strengthening the tax base in our state; and
WHEREAS, communities across the nation have used these bonds successfully to promote
economic development; and
WHEREAS, the use of these bonds will make a difference for every community — urban, suburban
and nu -A; and
WHEREAS, these bonds will give local governments flexibility to pursue multiple types of
economic development projects including industrial site development, redevelopment of existing industrial
and Brownfield sites, affordable housing and community revitalization; and
WHEREAS, these bonds allow North Carolina's local governments to use a new mechanism to
invest in public improvements designed to attract private sector investment; and
WHEREAS, North Carolina is only one of two states in the nation that does not have this
economic development tool; and
WHEREAS, self-financing development bonds have received wide -range bi-partisan support from
the General Assembly and the business community, as well as municipal, county and state government and
Governors Holshouser, Martin and Hunt; and
WHEREAS, North Carolina will have some of the strongest safeguards in the country to ensure
self-financing bonds are used for good purposes; and
WHEREAS, these bonds are subject to voter approval on the November 2004 ballot and deserve
rightful consideration by the citizens of the State.
NOW, THEREFORE, BE IT RESOLVED THAT Iredell County strongly supports self-
financing development bonds because now is the time to enhance our ability to create new jobs and
investment in our community/county.
BE IT FURTHER RESOLVED that Iredell County pledges to work to educate and inform the
citizens of our state and community about the importance of self-financing development bonds in providing
jobs and improving the economic competitiveness, and pledges to encourage voters to approve the measure
in November 2004.
14. Request for the Appointment of Marvin Norman as the Voting Delegate for the
NCACC Annual Conference (The conference will be held in Asheville, NC from August 19-
22,2004.)
15. Request for Approval of the June 15 & June 22, 2004 Minutes
END OF CONSENT AGENDA ----------------------------------
Request from the Lake Norman Marine Commission (LNMC) for an Additional
Appropriation of $3,000 & Approval of Budget Amendment #1: Commissioner Tice said
the LNMC had requested an additional $3,000 for the purpose of addressing the hydrilla
problem. Tice said the commission provided many useful services, such as safety and clean -
water programs, and she supported the request. She said the commission was composed of
Lincoln, Catawba, Mecklenburg and Iredell County and the bylaws stated that all four counties
had to contribute the same amount of money on an annual basis. She said the other counties had
already approved the $3,000.
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