AG 1997 06 16 - Laserfiche WebLink

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should such property be sold in the future, the proceeds from the sale would revert to the Area Authority. Adopted this the 21st day of April, 1997. /s/ Sue B. Casper Sue B. Casper, Chair Cabarrus County Board of Commissioners ATTEST: /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board Cable Television Rate Review Findings Summary and Approval of 1997 Basic Rate of 97.50 Per Month Per Subscriber The Board received as a part of the Agenda the Cable Television Review Findings for the cable race adjustments by Time Warner effective January 1, 1997. Separate Findings for each of the following forms were submitted by Ms. Sandra Albrecht, Cable Television Administrator with the Centralina Council of Governments: (1) Revision of Form 1240 for the Basic Tier of 11 ~hannels Revising the 1996 Maximum Rate; (2) Form 1240 for the Basic Tier Setting the New Rate for 1997; (3) Revision of Form 1240 for the Gable Programming Service Tier of 30 Channels, Revising the 1996 Maximum Rate; and (4) Form 1240 for the Cable Programming Service Tier Setting the New Rate for 1997. UPON MOTION of Commissioner Carpenter, seconded by Commissioner Mills and unanimously carried, the Board approved the 1997 Basic Tier Rate of $7.50 per month per subscriber. NEW BUSINESS Reco~nition of Louise B'. Settlemyer on Her Retirement from the Kannapolis Branch of the Charles A. Cannon Memorial Library - Mr. Tom Dillard Mr. Tom Dillard, Executive Director of the Charles A. Cannon Memorial Library, recognized Ms. Louise Bost Settlemyer on her retirement as Circulation Librarian at the Kannapolis Branch Library. Ms. Settlemyer was the first staff member of the Branch Library when it opened in 3uly, 1985. Prior to that time, she worked in a variety of libraries, including the YMCA Library, in the Kannapolis area for 45 years. On behalf of the Board, CoMmissioner Carpenter presented a plaque to Ms. Settlemyer in appreciation for her service to Cabarrus County. Proposed Issuance of Bonds by the Cabarrus County Industrial Facilities and Pollution Control Ftnanoin~ Authority for Fun-Teesr Inc.r in the A~re~ate Principal Amount of ~1,700,000 - Public Hearfn~ ~ 6:30 P.M. Chairman Casper stated that pursuant to Chapter 159C of the General Statutes of North Carolina and the regulations thereunder she had been advised that the Authority intended to file an application with the Secretary of the Department of Commerce for approval of an industrial and manufacturing project in Cabarrus County, North Carolina for Fun-Tees, Inc., a North Carolina corporation (the "Company"), consisting o~ the acquisition and installation of approximately 27 circular knitting machines, storage racks for knitted fabric and related computer equipment for the manufacture of tubular knit fabric at the Company's existing plant location at 245 Manor Avenue, Concord, Cabarrus County, North Carolina (the "Project"). Ail or a portion of the cost of the Project is to be financed by the issuance of not exceeding $ 1,700,000 aggregate principal amount of qualified small issue industrial revenue bonds of the Authority. Such application for approval cannot, under regulations of the Department of Commerce, be officially received until, among other things, the Board has, by resolution after having held a public hearing, approved the issue of bonds for the proposed Project and approved the Project in principle. Commissioner Barnhart presented to the Board copies of the Authoricy's resolution approving the Project and the inducement agreement between the been published by the Clerk to the Board of Commissioners on April 5, 1997 stating that the Board would hold a public hearing on April 21,1997 on the proposed revenue bond issue and the Project (the "Notice").