HomeMy WebLinkAboutC.054.93008_0678 (2)233
April 9, 1984
The Iredell County Board of Commissioners met in Regular Adjourned Session on
Monday evening, April 9, 1984, 6:45 p,m., County Annex Conference Room, Statesville,
NC.
Present for the meeting were:
Joe H. Troutman, Chairman
Frances L. Murdock, Vice Chairman
B. W. Campbell
William A. Mills
Samuel L. Ostwalt
Staff present: J. Wayne Deal, County Manager
Robert N. Randall, County Attorney
Lois Troutman, Tax Administrator
Jimmy Deaton, Appraiser
Alice Fortner, Clerk to the Board
CALL TO ORDER: By the Chairman
INVOCATION: By the Chairman
INDUSTRIAL BONDS - RUBBERMAID SPECIALTY PRODUCTS INC. MOTION from Commissioner
Mills, second from Commissioner Murdock, to approve the following resolution:
RESOLUTION APPROVING ISSURANCE OF BONDS BY THE IREDELL COUNTY
INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY
FOR RUBBERMAID SPECIALTY PRODUCTS, INC.
WHEREAS, The Iredell County Industrial Facilities and Pollution Control Financing
Authority (the Authority) has agreed to assist in the financing under the North
Carolina Industrial and Pollution Control Facilities Financing Act (the Act) of an
industrial project by Rubbermaid Specialty Products, Inc. in Iredell County; and
WHEREAS, the Authority intends to issue its Industrial Revenue Bonds (Rubber-
maid Specialty Products, Inc.), Series 1984 (the bonds), in the principal amount of
$8,500,000 and sell such bonds in a public offering through Goldman, Sachs, & Co.;
and
WHEREAS, under NCGS 159C-4 the issuance of bonds under the Act must be approved
by the governing body of the county in which the project is to be financed under the
Act is located; and
WHEREAS, this Board has previously held a public hearing with respect to the
Bonds and approved in principle the project to be financed with the Bonds; and
WHEREAS, if H. R. 4170 is adopted by Congress in substantially the form
reported on March 5, 1984, the House of Representatives Committee on Ways and Means,
there will be an annual "private activity bond limit" imposed on the issuance of
obligations such as the Bonds in Iredell County;
NOW THEREFORE, the Board of Commissioners of Iredell County, meeting in
regular session at Statesville, North Carolina, on April 3, 1984, do the following:
BE IT RESOLVED BY THE BOARD OF COMPSISSIONERS FOR THE COUNTY OF IREDELL:
The issuance of the Authority's Industrial Revenue Bonds (Rubbermaid Specialty
Products, Inc.), Series 1984 in the principal amount of $8,500,000 is hereby approved.
To the extent required, this Board hereby declares that Bonds shall account for the
first $8,500,000 of the 1984 "private activity bond limit" for Iredell County if
such limit is imposed by law.