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HomeMy WebLinkAboutC.054.93009_2222Section 1. The Board hereby adopts this declaration of official intent under Treasury Regulation Section 1.103-1 8(c)(2)(i) and declares its intent to reimburse the Issuer with the proceeds of a financing for Expenditures made on and after the date hereof with respect to the Projects. Section 2. The maximum principal amount of debt expected to be issued for the expenditures of the Projects is Thirty Seven Million Five Hundred Thousand ($37,500,000) Dollars. Section 3. This resolution shall take effect immediately upon its passage. 10. REQUEST FOR CONSIDERATION OF THE OFFICIAL CLOSURE OF THE CONSTRUCTION ACCOUNT FOR THE SERIES 1998 SPECIAL OBLIGATION BONDS (FOR LINED LANDFILL CELL ATA COST OF $1,000,000): This action was taken to accept the final documentation for the closure of the construction account that was established for the proceeds of the Solid Waste Special Obligation Bond Series 1998. 11. REQUEST FROM THE SHERIFF'S DEPARTMENT FOR APPROVAL TO ACCEPT TWO DONATED MOTORCYCLES FROM TILLEY HARLEY- DAVIDSON: The sheriff's department would like to use the following two donated motorcycles for funerals and parade processions. 1 new 1999 Model #FLHPI Serial # IHDIFHW14XY636027 white motorcycle 1 new 1999 Model #FLHPI Serial # IHDIFHW I2XY636057 white motorcycle 12. REQUEST FOR APPROVAL OF BUDGET AMENDMENT #3 FOR THE RECOGNITION OF RENT INCOME RECEIVED FROM THE LEASE (FORMER BASSETT FURNITURE BLDG.) TO WMC CORP. AND FOR PASS-THROUGH TO THE GREATER STATESVILLE DEVELOPMENT CORP.: On November 17, 1998, the board accepted the donation of the Bassett Furniture Building and property. Bassett Industries had a stipulation that the proceeds from the property be used for economic development. On January 12, 1999, the board entered into a lease/purchase agreement with the WMC Corporation for the usage of the building with the proceeds to eventually pass to the GSDC. ------------------------------------------------End of Consent Agenda ----------------------------------------- UPDATE ON THE PROPOSED CORRECTIONAL FACILITY TO BE LOCATED IN WESTERN NORTH CAROLINA: The county manager advised that he had recently talked to Lynn Phillips, the Asst. Secretary for the Department of Corrections, a representative of the Statesville Auto Auction, and a local developer who owns property near the current prison facility located off Hwy. 21 about the proposed new prison. A state law requires for the new prison facility to be located in Alexander County, if a suitable site can be found. If the state is unable to find a site in Alexander, Iredell County will then be reviewed as a possible location. Phillips advised that it would be a requirement for the state to hold title to the land on which the prison is constructed. The state could then contract with a private entity to construct and own the prison complex and lease it back to the state to operate. Tax Assessor Brent Weisner has stated that under this arrangement, the building would be taxable. If, however, the state chose a non- profit to build the facility, or if the state decided to bwid the structure, no taxes would be generated. The state cannot give a definitive answer, at the current time, as to which method will be used for the construction. In reference to the $400,000 needed by the state for water and sewer to the current prison site (if the new prison is built there), both the Statesville Auto Auction and Mr. J.C. Faw (local developer) appear willing to financially contribute. During the agenda briefing, Chairman Haire said the Statesville City Council had discussed the possibility of financially assisting with the water sewer line. Haire said three council members would meet with some of the commissioners about partnering on the water sewer expense. Chairman Haire mentioned the possibility of a four-way split on the $400,000 (Iredell County, City of Statesville, Statesville Auto Auction, and Mr. J.C. Faw could each contribute $100,000).