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ADJOURN: MOTION from Chairman Hedrick to adjourn the meeting until Thursday, January 9, 1987,
2:00 p.m., Agricultural Center Conference Rooms 1 and 2. Time adjourned: 9:26 p.m.
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APPROVED: �..�� r �� .t itc�'
erk
IREDELL COUNTY BOARD OF COMMISSIONERS
MINUTES
JANUARY 8, 1987
The Iredell County Board of Commissioners met in Regular Adjourned Session on Thursday, January
8, 1987, 2:00 p.m., Agricultural Center Conference Rooms 1 and 2. Present for the meeting were:
Larry S. Hedrick, Chairman
Alice M. Stewart, Vice Chairman
Jessie S. Crosswhite
Frances L. Murdock
Samuel L. Ostwalt
Staff present: J. Wayne Deal, County Manager
William P. Pope, County Attorney
Alice Fortner, Clerk to the Board
OTHERS PRESENT: Rob Jacobs, Paine Webber, Inc.; Butch Watson, Local Government Commission;
Loy McKeithen, Smith, Helms, Moore Law Firm, Charlotte; Barbara Murray, Brown, Wood, Ivey, Mitchell
& Petty; Rod Ligon, General Counsel, Iredell Memorial Hospital; Arnold Nunnary, Iredell Memorial
Hospital Administrator; Allen Knox, Iredell Memorial Hospital Board Chairman; and other members of
the hospital board.
CALL TO ORDER: By Chairman Hedrick
PUBLIC HEARING REGARDING THE REFINANCING OF IREDELL MEMORIAL HOSPITAL BONDS: MOTION from Chair-
man Hedrick to adjourn to public hearing.
VOTING: Ayes - 5; Nays - 0.
At 2:00 p.m., Chairman Hedrick announced that the Board of Commissioners would proceed to hold
a public hearing and would hear anyone who wished to be heard on the proposed issuance by the County
of not exceeding $19,500,000 aggregate principal amount of its Iredell Memorial Hospital Revenue
Refunding Bonds, Series 1987 for the purpose of (i) advance refunding $15,325,000 outstanding County
of Iredell, North Carolina Iredell Memorial Hospital Revenue Bonds, Series 1983, the proceeds of
which were used to finance, in part, the acquisition, construction and equipping of additions and
renovations to the Hospital and (ii) purchasing certain computer and nuclear medicine equipment for
the Hopsital. The Hospital is leased to Iredell Memorial Hospital, Incorporated, a North Carolina
non-profit corporation.
The Clerk to the Board of Commissioners (the "Clerk") presented an affidavit showing publica-
tion in the Statesville Record & Landmark, on a date at least 14 days prior hereto, of the notice of
the public hearing: CFairman Hedric erected that the affidavit of publication be attached to this
extract of Minutes as Exhibit A.
Chairman Hedrick requested that the Clerk inquire elsewhere in and around Conference Rooms 1
and 2 to determine whether there were any other persons who wished to speak at the public hearing.
The Clerk returned after making such inquiry to report that no other persons who wished to speak at ,.
the public hearing were found. The names and addresses of the persons who were present and who
offered comments on the proposed issuance of the above-described bonds for the above-described
purposes are as follows:
(A summary of the testimonies of those speaking is attached as Exhibit B.)
At 2:20 p.m., Chairman Hedrick requested that the Clerk inquire again elsewhere in and around
Conference Rooms 1 and 2 to determine whether there were any other persons who wished to speak at
the public hearing. The Clerk returned after making such inquiry to report that no other persons
who wished to speak at the public hearing were found.
After the Board of Commissioners had heard all persons who had requested to be heard, the
hearing was closed.
MOTION from Chairman Hedrick to return to Regular Session.
VOTING: Ayes - 5; Nays - 0.
The Secretary reported that notice of said meeting had been properly sent to all members of the
Board of Commissioners and declared that a quorum was present.
Commissioner Hedrick thereupon introduced a bond order, which bond order was summarized by
Barbara A. Murray of Brown & Wood, Bond counsel to the County of Iredell, and read by title, as
follows:
"AN ORDER AUTHORIZING THE ISSUANCE UNDER THE PROVISIONS OF