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July 18, 2016 (Regular Meeting) Page 2834 Documents shall be in such final forms as the Finance Officer shall approve, with the Finance Officer's release of any Financing Document for delivery constituting conclusive evidence of such officer's final approval of the Document's final form. 4. The County shall not take or omit to take any action the taking or omission of which shall cause its interest payments on this financing to be includable in the gross income for federal income tax purposes of the registered owners of the interest payment obligations. 5. The County intends that the adoption of this resolution will be a declaration of the County's official intent to reimburse expenditures for the project that is to be financed from the proceeds of the BB &T financing described above. The County intends that funds that have been advanced, or that may be advanced, from the County's general fund, or any other County fund related to the project, for project costs may be reimbursed from the financing proceeds. 6. All prior actions of County officers in furtherance of the purposes of this resolution are hereby ratified, approved and confirmed. All other resolutions (or parts thereof) in conflict with this resolution are hereby repealed, to the extent of the conflict. This resolution shall take effect immediately. Adopted this 18th day of July, 2016. /s/ Stephen M. Morris Stephen M. Morris, Chairman Board of Commissioners ATTEST: /sf Megan I.E. Smit Megan I.E. Smit, Clerk to the Board (F -8) Tax Administration - Refund and Release Report - June 2016 Release report contains taxpayers' names, bill numbers, valuations, tax amounts, along with the justifications for releasing the valuation /tax amounts for outstanding levies in accordance with N.C.G.S. 105 -381. Refund report is a summary sheet which lists data from each refund request form, along with the justification for the refunds to the taxpayers in accordance with N.C.G.S_ 105- 381. Note: Due to the transition of motor vehicles onto the new North Carolina Vehicle Tax System (NCVTS), motor vehicle- related refunds and releases will begin to be displayed on the new report generated by NCVTS. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Mynatt and unanimously carried, the Board approved the June 2016 Refund - Release report as submitted, including the NCVTS Refund Report, and granted authority to the Tax Collector to process the refunds and releases. The report is hereby incorporated into the minutes by reference and is on file with the Clerk to the Board. (F -9) Tax Administration - Tax Collector's Annual Settlement and Order Authorizing Collection of FY 2016 -2017 Taxes The Tax Collector is required by NCGS 105 -373 to give an annual settlement on current and delinquent taxes to the governing body for review and approval. The settlement of fiscal year 2015 -2016 is attached. This report contains real, personal and motor vehicle delinquent taxes unpaid for the fiscal year. These lists are recharged to the Tax Collector for collection. Also attached is an Order to Collect, to be signed by the Chairman of the Board of County Commissioners, authorizing the Tax Collector to collect all 2016 -2017 property taxes. Outstanding Outstanding DMV Real and Personal Bills Tax ax Bills as of 6 -30 -16 as of 6 -30 -16 2015 bills 2015 bills DMV 2015 bills Name Ad Valorem Penalties Ad Valorem Ad Valorem Cabarrus County $2,553,338 $34,346 $97 $2,597,782 City of Kannapolis 312,152 3,574 6C 315,785 Town of Mt. Pleasant 11,756 63 - 11,819 Town of Midland 14,396 575 - 14,970 City of Locust 1,760 41 - 1,801 City of Concord - - - -