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extended from North Iredell High School to Olin Volunteer Fire Department. It was explained that
the pay back would be over a ten-year period, according to the agreement. At the conclusion of the
ten-year period, the repayment will cease whether or not the funds have been completely repaid.
Mr. White said he could give the board engineer's estimates on the revenues anticipated from
the installation of this water line. The County Manager asked Mr. Wilson to give him this informa-
tion.
The board consented to table this matter and perhaps discuss it after the public hearing at
Harmony Elementary School on November 19th.
DISCUSSION OF AVAILABLE WATER AND SEWER FUNDS: The county manager discussed the available
water and sewer funds, funds from the State Senate Bill Funds and from the County's Water and Sewer
Fund.
I-77 & NC 150 Project, funds obligated $313,000
Proposed Addition to this Project 85,000
West Iredell Water Corporation 250,000
Crawford Road Project 230,000
CDM Water/Sewer Study 35,900
This leaves $180,000 unappropriated from the Senate Bill #2 money with the inclusion of the
addition to the NC150 & I77 project. Considering a major proposal on Highway 90, if the company
makes a decision to come to Iredell County, most of the $180,000 will be used on that project. Part
of these remaining funds can be used for engineering and technical assistance for working up speci-
fics for a Water and Sewer Bond issue.
There is $242,000 in the County's Water and Sewer Fund. There is more than enough money in
this fund to match the Senate Bill #2 Funds, if it is needed.
INTERLOCAL AGREEMENT WITH THE CITY OF STATESVILLE AND JOINT MEETING WITH THE CITY OF
STATESVILLE: Mr. Deal called the Board's attention to the Interlocal Agreeement in the Commis-
sioners' agenda packets. He asked the board members to look it over and give him any suggestions
they had regarding this agreement. He said he and the City Manager had put this agreement together
as a starter.
Mr. Deal also presented the board with information from the City of Statesville regarding the
acreage fee the Statesville City Council adopted on November 17, 1986. The Statesville Council
voted to award contracts on the Crawford Road Project.
Mr. Deal said his recollection was that the board of county commissioners had agreed to go
ahead and receive bids on the Crawford Road Project, but prior to awarding those bids the county
commissioners wanted the acreage fee to be in place, one that was acceptable to both boards. He
asked the board to look at the acreage fee that the city council approved last evening.
Mr. Deal further stated that it was his recollection that the county board of commissioners
wanted an interlocal agreement between Statesville and the County on how funds that came back
through the acreage fee would be used in the future. The document, Interlocal Agreement, Mr. Deal
presented addressed this matter. Mr. Deal said he and the City Manager had tried to keep the
agreement simple, with the document saying that the money would be kept in a special fund, 50/50
County and City, and it would be used to jointly fund water and sewer economic development projects
that the City and County both agreed upon. This is not confined to distribution lines; it can be
used for water and sewer plants if both boards agree. Mr. Deal said he believed financially that
this was a better agreement for the County. Presently the County puts in 70% and the City puts in
30%. A payback scale is included in the present arrangement, based upon annexation; however, this
part of the agreement has never been exercised. The new Interlocal Agreement is a 50/50 arrangement
of funding.
Mr. Deal said it was his opinion that the Board of Commissioners should not look at awarding a
construction contract on Crawford Road until the County was satisfied with the acreage fees and the
Interlocal Agreement. The Mayor and Chairman Hedrick have agreed that the two boards meet jointly
to discuss this matter further.
The Interlocal Agreement was tabled until the joint meeting with the City of Statesville. A
meeting is planned for Tuesday, November 25, 1986, 12:00 Noon, Statesville City Club. Alternate
date was set for Wednesday, November 26, 1986, 5:00 p.m., County Annex Conference Room.
LOWRANCE HOSPITAL - RESOLUTION REGARDING PROCEEDS FROM SALE OF HOSPITAL: A resolution regar-
ding the proceeds from the sale of Lowrance Hospital, Inc. was presented to the board for approval.
The board discussed the committee that is called for in the agreement under Item (c). It was the
consensus of the board that this committee should be comprised of five members.
The board then discussed the composition of the board. Mr. Deal recommended one county commis-
sioner, the Mayor of Mooresville, Chairman of the Lowrance Hospital Board, member of the medical
staff of Lowrance, and one citizen at large.
Another suggestion was Chief of Staff of Lowrance Hospital, President of the Chamber, Mayor of
Mooresville, Chairman of the Lowrance Hospital, and a representative of the County Commissioners.
The third and final suggestion was a representative of the medical staff to be chosen by the medical
staff, county commissioner chosen by the Iredell County Board of Commissioners, Mooresville gover-
ning board chosen by the Mooresville Town Board, representative of the Lowrance Hospital Board
chosen by the Lowrance Hospital Board, and a representative of the Mooresville/South Iredell Chamber