AG 2001 02 19 - Laserfiche WebLink

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lS The Chairman announced that this was the date, place and hour f~xed by the Board of Commissioners to continue the Board's recessed regular meeting of January 22, 2001 to conduct a public hearing concerning a proposed plan of financing in an aggregate principal amount of up to $40,0000S00, which plan would involve ~he entry By the County into an installment payment contract pursuant to North Carolina General Statutes Section 160A-20, as amended, with the proceeds =hereof to be used to pay all or a portion of the Costs of constructing two new public ~/ddle schools and one new public elementary school and acquiring certain equipment related thereto (collectively =he ~2001 Project#), which 2001 Project was described in the notice of public hearing published in The Independent Tribune on January 19, 2001 (the 'Notice'), and u~dsr said installment payment contract the County would secure the repayment by it of moneys advanced pursuant to such contract by grunting a security interest in and lien on all or a portion of the 2001 Project. The Board of Commissioners first ratified and approved the desiguation of the meeting as a public hearing on the proposed plan of financing, the call of the public hearing and publication of the Notice. It was then a~uounced that the Board cf Comndssioners would i~ediately hear anyone who mighC wish to be heard on such matter. NO one appeared, either in person or by attorney, to be heard on such. matter or the advisability of the plan of financing and the Clerk to the Board of Commissioners announced that no written statement relat/ng to said matters had been received by the Clerk or the Finance Director, except Ms. Cindy S. Fertenbau~h, Chairperson of the Cabarrus Co~tnty Board of Education, who appeared in person and stated support of the proposed plan of financing for constructing the three new schools. Ms. Pertenbaugh further erpressed appreciation for the Board's oon~itment to fund school facility needs and reviewed the bids for the school construction projects. All of the foregoing statements were duly considered by the Board of Commissioners. It was then announced that the public hearing was closed. Upon motion duly made by Cou~nissioner Privette, seconded by Chairman Fennel and unanimously approved, the Board of Commissioners thereupon affirmed the plan of financing and the execution and delivery of the Installment payment contrac= related thereto and ratified all prior actions of the Board of Commissioners or its representatives with respect to the plan of financing. Mr. Jo~ C. ~rdock, III, ~ecutive Director of the Water and Sewer Au~ority of C~a~s Cowry {WSACC), outlined WSACC'e Cap~tal Pr~ram for Fiscal Years 2001-2006 ~d reviewed the sCa=us of the Water s~wer Mas~er PI~. He presented growth projections ~ population density projections prepare~ by Black ~d Veatch for C~a~s Co~=y. Using a h~gh ~ro~h ~cen~io, the population is ~ec~ed to increase to 167,571 b~ ~d 477,958 ~ 2050..~. ~rdock pointed out =ha2 gro~h trends are ~po~ ~he 1sca=ion of wa=er ~d sewer lines. ~rther, he addressed critical wa~er supply issue in C~ar~s Co~ty. A new water source ~e2 be eec~ed -~ i~lem~=ed ~ 200~ =o avoid water shortages Co~t~ide. Possible water sources ~nclude the ~nter-bas~n transfer of water from ~he Ya~n Catawba Hivers. ~e Ci=y of Concord ~s en[orced ~da=o~ water restrictions. It ie ~=ly ~y~ng s~ wa~er from ~arlot=e-M~ckle~urg U=itities ~d ne~otia=ing 2he purchase of water from =he city of ~arle, which ~uld re~re the const~ct~on of a ~6-~nch water l~e from ~be~rle to ~e City of Concord. F~nally, Mr. Murdock dte~ssed =he need 2o develop a method to dis~r~u=e capital costs for utility ~e~lces ~re e~itably. He pointed out ~t the City of Concord now provides =he ~Jority of f~ding for l~nes t~ou~hou~ C~a~s Co~ty. To address' this problem, Mr. Murdock pro, ced =he concept of Creating se~oe areas for each of ~e m~ioipalit~e as well aea Co~ty ~e~ice area. ~ere was l~y discussion re~arding =he cfi=ica1 wa~r supply shortage, ~he Co~y'l fin~cial par~icipat~on in furze water ~ se~r p~Jec~s, increased denei=y alon~ new ~er ~ se~r lines, ~h ~a~emen~ issues, fu~e co~ercial/l~ustr~al development, sc~ls, ~he ~is=ing C~ar~s Co~=y Water and Sewer D~s=ric~ and ~he poten~ial for ~he Co~Cy =o re=u~ =o =he water ~ sewer business.