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<br />
<br /> The Board of Commissioners for the County of Cabarrus met in regular
<br />session at the County Courthouse in Concord, North Carolina, on Tuesday,
<br />July 5, 1983, at 9:30 A.M.
<br /> Present - Chairman: J. Harold Nash
<br /> Commissioners: Archie Y. Barnhardt
<br /> Marcelle Milloway
<br /> James W. Lentz
<br /> Kenneth F. Payne
<br /> The invocation was given by Reverend G. K. Moss of the First Baptist
<br />Church, 59 Chestnut Drive, SW, Concord, North Carolina.
<br /> The minutes of June 27, 1983, were corrected to state that Commissioner
<br />Barnhardt~had proposed that $76,000.00 be cut from the Harrisburg sewer
<br />line appropriation.
<br /> UPON MOTION of Commissioner Barnhardt, seconded by Chairman Nash with
<br />Commissioners Barnhardt, Lentz, and Payne and Chairman Nash voting for
<br />and Commissioner Milloway voting against, the minutes of June 20, June 21,
<br />June 22, and June 27, 1983, were approved as corrected with Item 5 of the
<br />proposal by Chairman Nash regarding Board-directed salary adjustments for
<br />department heads deleted from the minutes of June 22, 1983.
<br /> Chairman Nash stated that the Cabarrus Arts Council Report was deleted
<br />from the agenda as Ms. Fran Tomlin, Executive Director of Cabarrus Arts
<br />Council, was unable to attend the meeting.
<br /> Mr. Daniel S. MacNeill, Director of the Charles A. Cannon Memorial
<br />Library, presented a brief history of the Library and reviewed the procedure
<br />for establishing a County library system with the Charles A. Cannon Memorial
<br />Library as the main library and branch libraries located in other sections
<br />of the county. The Board received Mr. MacNeill's report as information only
<br />and no action was taken by the Board.
<br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Lentz and
<br />unanimously carried, the Board appointed Mrs. Donna Udovich to the Senior
<br />Citizens Advisory Council to complete the unexpired term of Reverend Garland
<br />Young ending November 1, 1984.
<br /> UPON MOTION of Commissioner Lentz, seconded by Commissioner Payne and
<br />unanimously carried, the Board appointed Messrs. M. D. Swaringen, Jr., and
<br />John Hill to the Mt. Pleasant Planning and Zoning Board for a three-year
<br />term ending June 30, 1986, as recommended by Mayor Ralph Austin.
<br /> At 10:00 A.M., the Chairman of the Board of Commissioners of the
<br />County of Cabarrus (the Board) announced that the Board would proceed to
<br />hold a public hearing and would hear anyone who wished to be heard on the
<br />proposed issuance by The Cabarrus County Industrial Facilities and Pollution
<br />Control Financing Authority (the Authority) of up to $1,500,000 industrial
<br />revenue bonds to finance the acquisition, construction and installation of an
<br />approximately 11 acre tract of real property on Highway 49 North approxi-
<br />mately one mile north of Harrisburg, North Carolina, the existing 12,000
<br />square foot concrete block building on such property, the expansion and
<br />· renovation of such building and machinery and equipment for plastic injection
<br />m~lding and other plastic fabrication processes to be used in the renovated
<br />building and the existing facility of Plastics Manufacturing, Inc. (formerly
<br />Piedmont Plastics, Inc.) (the Company) south of Harrisburg, North Carolina
<br />on Highway 49 North (the Project).
<br /> The Chairman stated that the Authority had adopted a resolution expressing
<br /> its intention to issue revenue bonds and authorizing the execution and
<br /> delivery of a memorandum of agreement pertaining to the financing of the
<br /> Project for the Company and that a copy of the resolution and the memorandum
<br /> of agreement had been distributed to each member of the Board with their
<br /> agenda.
<br /> Attached is an affidavit of an officer of The Concord Tribune showing
<br /> publication in The Concord Tribune on June 17, 1983, a date more than 14
<br /> days prior hereto, of notice of the public hearing.
<br /> The names and addresses of the persons who were present and who offered
<br /> comments on the proposed issuance of the bonds to finance the Project and a
<br /> summary of their comments is attached as Exhibit A hereto.
<br /> After the Board had heard all persons who requested to be heard,
<br /> Commissioner Lentz moved that the public hearing be closed. The motion was
<br /> seconded by Commissioner Barnhardt and was unanimously adopted.
<br /> The Chairman stated that under the Internal Revenue Code of 1954, as
<br /> amended, the Board must approve the issuance of the Authority's industrial
<br /> revenue bonds if the interest thereon is to be exempt from federal income
<br /> tax.
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