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No one else spoke regarding this proposed grant.
Chairman Hedrick closed the public hearing and re -opened the rogular meeting.
COMMUNITY DEVELOPMENT BLOCK GRANT - RESOLUTION: MOTION from Chairman
Hedrick to adopt the following resolution:
WHEREAS, Iredell County has been requested by four firms who have committed to spend $5,800,000
in private investments and employ 104 full-time persons, of which 83 will have low/moderate incomes,
if water and sewer facilities are extended to the I77/NC150 interchange; and
WHEREAS, additional firms are finalizing negotiations to locate in this area, one firm having
optioned eleven acres of land with plans to invest $5,000,000 in plant and equipment and employing
150 persons in predominately skilled positions; and
WHEREAS, this area is undergoing rapid residential growth; and
WHEREAS, due to its proximity to the Lake Norman watershed, Iredell County desires to eliminate
future installation of septic tank and septic tank fields anA to promote planned growth in the area
through water and sewer extensions; and
WHEREAS, it is Iredell County's policy to participate in water and sewer extensions provided
that the ownership and operation and maintenance of the facilities be that of the municipality,
water/sewer district, etc., supplying treated water and/or treating wastewater; and
WHEREAS, Iredell County cannot commit more than ,200,000 of its Water and Sewer Fund toward the
proposed project; and
WHEREAS, Iredell County must assist in the construction of water and sewer facilities which
will meet not only immediate but future needs and
WHEREAS, preliminary engineering cost estimates to provide immediate water and sewer service to
the I77/NC150 area is $725,000; and
WHEREAS, preliminary engineering cost estimates to provide immediate and future water and sew -r
service to the I77/NC150 area is $1,125,000; and
WHEREAS, the Town of Mooresville has agreed to construct, own and operate water and sewer
extensions to serve the I77/NC150 interchange; and
WHEREAS, the Town of Mooresville, contingent upon Iredell County receiving a State CDBG-ED
grant, commits to use $56,532 of its FY 85-86 State sewer allocation and $30,440 of its FY 85-86
water allocation toward the extension of water and sewer facilities to the I77/NC150 interchange.
NOW THEREFORE BE IT RESOLVED THAT:
1. Iredell County submit a $750,000 Small Cities-CDBG ED
Application for 1985 funding consideration.
2. Contingent upon the approval of its 1985 CDBG-ED
Application Iredell County commits $200,000 of its
1985-86 Water and Sewer Budget (General Fund) to be
transferred to the Town of Mooresville's 1985
CDBG-ED 177/NC150 Construction Account.
3. Contingent upon the approval of its 1985 CDBG-ED
Application Iredell County commits to transfer
$90,671 of its 1985-86 sewer allocation and $22,356
of its water allocation to the Town of Mooresville
to be used specifically for the construction of
water and sewer facilities contained in its 1985
CDBG-ED Application.
VOTING: Ayes - 5; Nays - 0.
PUBLIC HEARING: Chairman Hedrick adjourned the meeting to public hearing.
COMMUNITY DEVELOPMENT BLOCK GRANT: Skip Green explained the Community Development Grant
Application process with the board. No one else present spoke regarding this proposed grant appli-
cation.
Chairman Hedrick adjourned the hearing back to regular session.
RESOLUTION TRANSFERRING THE TOWN OF MOORESVILLE'S 1985-86 STATE NATER AND WASTEWATER ALLOCATION
TO THE IREDELL COUNTY BOARD OF COUNTY COMMISSIONERS:
MOTION from Chairman Hedrick to adopt the following resolution:
WHEREAS, Iredell County is applying for a $750,000 Small Cities CDBG-ED
grant to assist four firms who have committed to spend $3,000,000 in private investments and employ
' 111 full-time persons, of which 50 will have low/moderate income, if water and sewer faciliteis are
extended to 177/NC150 interchange; and