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HomeMy WebLinkAboutC.054.93011_0394Chairman Johnson said the county staff, not the Mooresville staff, had reviewed the request. Jackson then summarized the conditions to be removed. She said the RPO would address the type of development (gas station) that would be allowed in the area. OTIO by Commissioner Madison, after reviewing the findings of fact and determining them to be in order, to approve the request for Case No. 0408-2/McKay. VOTING: Ayes — 5; Nays — 0. Chairman Johnson declared the meeting to be in a public hearing. Consideration of an Installment Financing for the Construction, Equipping, and Furnishing of a New Social Services Building: Chairman Johnson announced that this was the hour and day fixed by the Board of Commissioners for the public hearing upon the proposed financing, pursuant to an installment financing agreement (the "Installment Financing Agreement') between the County of Iredell, North Carolina (the "County") and a financial institution to be selected by the County, of the construction, equipping and furnishing of a building for use by the County's Department of Social Services, and the Board of Commissioners would hear anyone desiring to be heard with respect to the Installment Financing Agreement. As a matter of information, the County's Director of Finance and Administration described the nature of the project to be financed and the proposed financing and the installment payments to be made by the County under the Installment Financing Agreement for such purposes. No one appeared, either in person or by attorney, to be heard with respect to the Installment Financing Agreement and the Clerk to the Board of Commissioners announced that no written statement relating to said matter had been received. Thereupon, the Chairman introduced the following resolution, a copy of which had been provided to each Commissioner, which was read by title and summarized by the Director of Finance and Administration: RESOLUTION MAKING CERTAIN FINDINGS RELATING TO THE FINANCING, PURSUANT TO AN INSTALLMENT FINANCING AGREEMENT, OF THE CONSTRUCTION, EQUIPPING AND FURNISHING OF A BUILDING FOR USE BY THE COUNTY'S DEPARTMENT OF SOCIAL SERVICES AND AUTHORIZING THE DIRECTOR OF FINANCE AND ADMINISTRATION TO FILE APPLICATION FOR APPROVAL THEREOF WITH THE LOCAL GOVERNMENT COMMISSION BE IT RESOLVED by the Board of Commissioners for the County of Iredell, North Carolina (the "County"): Section 1. The Board of Commissioners does hereby find, determine and declare as follows: (a) The County proposes to finance the construction, equipping and furnishing of a building for use by the County's Department of Social Services (the "Project"), pursuant to an installment financing agreement (the "Installment Financing Agreement") between the County and a financial institution to be selected by the County. (b) The Project is essential to the public health, safety and welfare of the citizens of the County. (c) Based on advice from the County's financial consultants as to current tax-exempt interest rates, the sums to fall due under the Installment Financing Agreement are not excessive for its stated purposes. (d) Counsel to the County has rendered an opinion that the proposed undertaking is authorized by law and is a purpose for which public funds may be expended pursuant to the Constitution and laws of the State of North Carolina.