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.