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CABARRUS COUNTY <br /> Post Office Box 707 <br /> CONCORD. NORTH CAROLINA 28025 <br /> <br /> January 12, 1987 <br /> <br />MEMO <br />TO: Charles McGinnis <br />FROM: Blair Bennett <br />SUBJECT: Close Industrial Pollution Bank Account <br /> <br />County attorney Fletcher Har tsel I called to my attention <br />that he was receiving a bank statement each month in the <br />name of Cabar rus County Industrial Facilities and Pollution <br />Control Finance Authority. Upon investigation of this <br />account with banking sources and after phone conversations <br />with Peggy Dry and John Booer, I learned that this account <br />had been set up some time ag<~ for the purpose of paying for <br />advertising and ;upplies relating to the issuance of <br />industrial and pollution bonds for corporations in the <br />Cabarrus County area. The account had two deposits of <br />$500 each from Phi I Iip Morris and Fenestra Corporation. <br />Since the inception of this account, banking fees have <br />reduced the balance to approximately $920. <br /> <br />Since the Board of Commissioners set up this authority and <br />the bank account i$ no longer needed, I would recommend that <br />the account be closed and the proceeds be deposited back <br />into the County General Fund. <br /> <br /> <br />