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62 <br /> <br />CLO~D <br /> <br />TO Consider the Aac~uisition o£ Real pr~er~ ms Au~horized <br /> <br /> ~ ~TION of Chai~an F~el, seconded by Co~ission~r Prive~ <br />~an~mously carried, =he Board moved ~o go into closed s~ssion as authorized <br />by North Carolina Gsneral StaUu=e 14~ -318.11 {a) <br />ac~isi=ion of r~al <br /> <br /> ~ON ~I~ of Chai~an Fe~l, seconded by Co~issioner Privet~e and <br />un~lmously carried, =he BOard m~ed =o en~ =he closed session. <br /> <br /> No action was-r~por=ad from the closed session. <br /> <br /> There was general discussion by the Board regarding the following <br />issues: {1) FY 2002 budget request by the ~conomic Development Coz~oratlon; <br />{2) Water supply issues and options for providing additional water, including <br />the purchase of water from ~he Charlotte Mecklenburg Utilities Department <br />(~) and the City of Albemarle; and (3} Potential tax rate for FY 2002. <br /> <br /> There being no further business to come before the Board, Chairman <br />Fe~mel recessed the meeting at 10:10 p.m. until 6:30 p.m. on Monday, April 9, <br />2001. <br /> <br />Clerk to the Board <br /> <br /> <br />