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OOUcord, North Carolina January 4,1982 To: The Cabarrus Co~mty Board of Co~mniealoners, Referencet Request to fund the salaries of two staff members to work with the Farm Home Administration, Mr Chairman and Members of the Board. my name is R.M.Faggart Jr. I am a life long resident of Onbarrus County, I ~s employed in the Hardware and Real Estate BUsineseo The purpose of my appearence before the Bo~rd today is to present a request for the approval for the funding the salaries of two staff members fie work with the local office of the Farm Home Administration. Wits the ~oards pe~miesion I would lik~ to read the contents of a letter from Mr Billy Chapman, the County Supervisor for the Farm Rome Administration to Mr Charles KcOinnie the County Manager dated November 21,1981. The letter will give a good erplaination of Mr Chapman's problem, (Sk~ A~ACKED COPE OF Lk~TER). The two St~ff Members now employ&d by the Farm Home Administration are higaly skilled people. Their Jobs are to take applications and process loans for Farms, Housing. Farm Equipsment, Emergency crop loans, loans for rural water systems, and rural community develops- Due to the cub back of funds by the Federal Government for nmployees the two Staff Members will loose their Job as of January 15,1982. The loss of the two employees will leave Mr Chapman in the position of having, millions of dollars allocated to Caberru~ County to put into the local economy and no help to procos~ the loans~ The U,S.Oovernment has reviewed the record of each of the fifty states delinquent loans, and repossesed prop_erty on h~nd. The states that show an excess amount of delinquent loans and repoe~sed property ~ill hays their allotment of funds for 1982 reduced or cut completely off. The funds with - held from the states with a bad recnrd will be allocated to the states with a good record. North Carolina ranks among the top five states for low delinquent loans and reposessions of property on hand. North Carolina will reoleve a large amount of f~mde with- held from other states, in addition to ~he regular allotment for 1982. The counties that can pro,ess ~he loans will recievs the funds, the Counties t.hat c~n not. process the loans will loose money and it will I