HomeMy WebLinkAboutC.054.93009_05937-X
,1 I 1 V94
(1) approved and authorized the execution, delivery and
performance of the First Supplemental Indenture and
Deed of Trust dated as of June , 1994, (the
"Indenture"), from the Authority to First Union
National Bank of North Carolina, as Trustee (the
"Trustee") providing for the issuance and sale of
the Bond;
(2) approved and authorized the execution, delivery and
performance of the First Supplemental Lease Agreement,
dated as of June , 1994, between the Authority and
Hunt Manufacturing Co. (the "Company")
(3) approved and authorized the execution, delivery and
performance of various other documents and instruments
by the Authority in connection with the issuance and
sale of the Bond.
(b) The Board of Commissioners for the county of Iredell
has reviewed the action taken by the Board of
Commissioners of the Authority in connection with the
issuance and sale of the Bond and has made such other
examination and investigation as it deems necessary and
relevant as the basis for the approval set forth herein.
Section 2. Pursuant to and in satisfaction of the
requirements of Section 159C -4(d) of the General Statutes of North
Carolina, the Board of Commissioners for the County of Iredell
hereby approves the issuance by the Authority of the Authority's
Industrial Revenue Refunding Bond (Hunt Manufacturing Co. Project)
in the aggregate principal amount of up to $2,000,000.
Section 3. The publishing of the notice of the public hearing
and the designation of this meeting as a public hearing on the
revenue bond issue is hereby ratified and approved.
Section 4. This resolution shall take effect immediately upon
its passage.
VOTING: Ayes - 5; Nays - 0.
PRICER BOR MULCH AT LANDFILL: Mr. Ron Weatherman, Solid Waste
Supervisor, came before the board in reference to prices for mulch
at the landfill. They have about 200 tons at the landfill at the
present time. Mr. Weatherman recommended $8 for a pick-up load,
$4.00 for 1/2 pick-up load, and $3.00 for less than 1/2 pick-up
load. These prices should be effective July 5, 1994.
MOTION from Commissioner Madison to adopt the following:
PRICES FOR MULCH AT THE LANDFILL
Pick-up Load $8.00
1/2 Pick-up Load $4.00
Less than 1/2 Pick-up Load $3.00
VOTING: Ayes - 5; Nays - 0.
BUDGET AMENDMENT j'51 - MONTICELLO VFD: Mr. Tommy Bowles,
Chairman of Iredell County Fire Tax Commissioner, came before the
board to ask the board to adopt a Budget Amendment in the 93-94
budget for the transfer of funds from the Capital Projects Budget
to the General Fund Budget for Monticello in the amount of $25,000
for the down payment on the truck. They are purchasing a new truck
and refinancing all their loans into one lower interest loan.
MOTION from Commissioner Boone to approve Budget Amendment
/50, for Monticello Volunteer Fire Department for $25,000 to come
from the Fire Commission's Capital Projects Fund to the Monticello
VFD Fund.
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