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March 17, ~003 Page 79 enacting N.C.G.S~ 105-$17(b) in Section 34.14(a) of Session Law 2001-424, as · mended by Sessi~ Law 2002-123; and WHEREAS, S~ssion Law 2001-424 Section 34.13(a) is repealed July 1, 2003, eliminatin~ the one-half percent (1/2%) sales tax that became effective October 16, 2001~ =hereby allowing for the preservation of a combined state and loca! sales a~d use tax of six and one-half percent (6 ~%); and WHEREAS, t~e Cabarrus County Board cf Commissioners held the public he·ring on the ~ssue of adopting this resolution on March 17, 2003, as required by N.C.GiS. 105-$17(b) and proper public no=ice of the Board's intent =o consider =his ~resolution was provided as required by N.C.G.S. 105-517(b); ~"~EREAS, C~arrus County has lost nearly $4 million in funds made available by the iScate of North Carolina to replace revenue lost because of legislative actio~_~ (1) to repeal sales taxes imposed on purchases made wich Food Stamps; (2~ to repeal property taxes imposed on inventories held by manufacturers, retailers and wholesalers~ (3) to repeal =axes on intangible personal propert~ and (4) to reduce taxes levied on residen~ial owned by low-inco~e elderly taxpayers; and WHEREAS, th~ Cabarrus County Board of Commissioners hereby finds that, particularly in t~__ght of the circumstances cited herein, maintain the combined state and local government sales and use tax at six and one-half percent ~(6~%) in order uo adequately finance the operations of the county and the ci~ies and =owns herein. NOW, THER~£E, BE IT RESOLVED by the Cabarrus County Board of Commissioners (1) There ~ is here~y imposed and levied within Cabarrus County =he third ~one-half percent (1/2%) Local Government Sales ·nd Use Tax autho~ized by Section 34.14(a) of Session Law 2001-424, as amend.~6~ by Session Law 2002-123, and codified as Article 44 of Chapter 105 of the General S~atu=es of North Carolina. The =ax hereb~imposed and levied shall apply to the same extent and be subJe?: to the same limitations as are set forth in said Session Law 2 ~D1-424. (2) Colle~ion of the tax by the North Carolina Secretary of Revenue, and l~_bility therefore, shall begin and continue on and after the first ~ay of July, 2003. (3) The n.e~ proceeds of the tax levied herein shall be distributed by the B~cretary of Revenue to Cabarrus County as prescribed by N.C.G.~. 105-520. The amount distributed to Cabarrus County shall ~e divided among the county and the municipalities herein in ac~. rdance with the method by which the one percent (1%) sales and u~ tax levied in Cabarrus County, pursuant =o Jtr=icle 39 of Genera_- Statutes Chapter 10S, are distributed. (4) This l~esolution is effective upon its adoption, and a certified copy ~reof shall be forwarded to the North Carolina Secret·fy of Revenue. Adopted this~17~ day of March, 2003. /s{ Robert M. Freeman Robert M. Freeman, Chairman Cabarrus County Board of Commissioners ATTEST: /s/ Frankie F. Frankie F. Bonds,~lerk to the Board aecess of Meetin~ Chairman Free~n recessed =he meeting for a short period of time. called the meeting~back to order at 10:S2 p.m. (~-s) He Mr. Adam Hi~s, Director of Projects for Voices and Choices of Central Carolinas, presented a report concerning the activities of that organization, which consists ~f 14 counties and pro~tes building economic and enviro~ental sust~inability. He gave · brief update on the three major work projects and in~latives, including the Elected Officials Fo~m, the preparation of =he, State of the Region Report and the Catawba Greenway Trail ,!