BC 1988 09 19 - Laserfiche WebLink

Home Browse Search

490 WHEREAS, the Board of County Commissioners desires to approve the issuance of revenue bonds and approve the Project in principle; NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of the County of Cabarrus as follows: (1) The issuance of revenue bonds by the Authority in an aggregate principal amount of up to $3,500,000 to finance the Project is hereby approved. (2) The Project is hereby approved in principle. (3) The Clerk of the Board of Commissioners is hereby authorized and directed to provide a certified copy of this resolution to the Department. (4) The Board of County Commissioners hereby requests that the State of North Carolina, pursuant to Executive Order 37 of James G. Martin, Governor of the State of North Carolina and Chapter 588 of the Session Laws of 1987 or any other executive order or legislation relat- ing to volume limitations on tax-exempt financing, allocate to the above described revenue bonds and Project $3,500,000 of "unified volume limitation" (as described in said Executive Order or in any such other executive order or legislation), and acknowledges that any such allocation shall be only for purposes of said Project and that any portion of such allocation not utilized in connection with such bonds and Project or which terminates or expires will, without further action, revert to the State of North Carolina, and there is hereby approved the application by the Authority for such an allocation. (5) This resolution shall take effect i~ediately upon its passage. Commissioner Hamby moved the passage of the foregoing resolution and Commissioner Moss seconded the motion, and the resolution was passed by the following vote: AYES: Commissioners Hamby, Moss, Melvin, and Payne and Chairman Lentz NAYS: None Dr. Joseph N. Fries, Cabarrus County Schools Superintendent, reported that the Council of State had transferred 49.892 acres of land from the Jackson Training School Property to the Cabarrus County Board of Education to be used for the location of a new middle school to serve the Central Cabarrus High School District. He further stated that in order to complete the acquisition of land necessary for the school site, the Schools must purchase an additional 4.89 acres of land. UPON MOTION of Commissioner Hamby, seconded by Commissioner Moss and unanimously carried, the Board approved the purchase price of $50,530.12 for the purchase of property belonging to Max H. Smith, Jr., Melanie G. Smith, Deleslie L. Smith and/or Peggy H. Smith by the Cabarrus County Board of Education in accordance with the provisions of the purchase contract. Mr. James Tourville, Cabarrus County Fire Marshal, presented the pro- posed Fire Code Permits System and outlined the basic requirements of the system. UPON MOTION of Chairman Lentz, seconded by Commissioner Hamby and unanimously carried, the Board tabled consideration of the proposed Fire Code Permits System until the regular meeting on October 3, 1988. The Board reviewed the plans for the sale of a portion of the Ambulance Service Substation property to the State of North Carolina. Mr. Ben Mabrey, Emergency Services Director, reported that he had been informed by Mr. Franklin Brewer of the North Carolina Department of Transportation that the County would not be charged rent on the substation as long as the County occupies it. However, he advised the Board that the State did reserve the right to give the County 45 days written notice to vacate the property if Federal funds should come in for the road project. The Board indicated that the sale of the property would not be finalized until a letter is received from the State regarding the rental of the property. Also, the Board reviewed the request from Mr. Tom Joyner to purchase property at the Ambulance Substation site from the County to provide a right-of-way from his property to Highway 49. No action was taken in this matter.