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board for final approval.
Appointment of five members and five alternates are to be made by the county
commissioners for staggered terms of one, two, and three years intially, with sequen-
tial terms of three years. These members will serve as an appeals board.
The chairman asked that the code be placed on the agenda for February 22nd, at
which time the board would give final approval to the code along with appointing the
five members and alternates to the appeals board.
ROAD SIGN PROJECT: This matter was on the February lst agenda and was tabled
pending further information from the staff. The board recommended a price of $25
a sign for the replacement signs where the petition is made by the resident/home
owners. No charge would be made where an error was made by the county.
A thirty -day period, beginning on April 1, 1983 and ending on April 30, 1982,
would be given to change the names of the road in compliance with the petition regu-
lations. After that timeperiod, no changes would be made in road names.
A simple majority of owner -occupied residents (one vote for each resident) will
be required to have a valid petition for changing the road name. (owner -occupied
resident is described in the February 1, 1983 minutes.) There was no vote on this
matter, but was by consensus of the board members.
PUBLIC HEARING REGARDING IREDELL MEMORIAL HOSPITAL FINANCING: The board set
Tuesday evening, February 22, 1983, 7:30, Hall of Justice Courtroom No. 2, as the
place of meeting for the captioned public hearing and to handle certain items of old
business that are delayed from this meeting in adjourned regular session.
BOND COUNSEL FOR IREDELL COUNTY INDUSTRIAL BONDS AUTHORITY: Robert N. Randall,
County Attorney, informed the board that J. P. Stevens Company was interested in
applying for industrial bonds through the county's bond authority. Stevens was re-
questing to use the firm of Hunton and Williams from Raleigh for bond counsel rather
than Brown, Wood, Ivey, Mitchell & Petty of New York. No decision was made by the
board to change bond counsel firms. Mr. Randall said he could recommend going with
Hunton and Williams firm through the initial inducement contract.
FUND LEVELS FOR THREE COUNTY SCHOOL SYSTEMS: Commissioner William A. Mills
made a proposal regarding funding levels for the three school systems in 1983-84.
His Proposal was in keeping with the board's agreement to equalize funding at 1982-83
budget time.
Mr. Mills proposed that money be escrowed to each school and interest would
accrue to the schools' accounts. Each special capital project must be approved for
funding by the county commissioners Prior to withdrawal of funds. For the sake of
cash flow, no funds would be deposited to the schools' accounts until January 1 of
each fiscal year.
Mitchell Community College would be included in this financing method at a rate
of financing as agreed unon by the board.
ADJOURN- Chairman Troutman adjourned the meeting at 11:00 p.m. Next meeting:
February 22, 1983, 7:30 p.m., Courtroom No. 2, Hall of Justice, Statesville, NC.