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June 17, 2013 (Regular Meeting) Page 1587 <br />YANG NENG HUE <br />2012 - 800060 <br />UNION COUNTY <br />CTAGFFEEFEE <br />15.00 <br />YANG NENG HUE <br />2012 - 540443 <br />UNION COUNTY <br />C ADVLTAX <br />59.60 <br />YANG NENG HUE <br />2012 - 540443 <br />UNION COUNTY <br />CIO2ADVLTAX <br />39.73 <br />YANG NENG HUE <br />2012 - 540443 <br />UNION COUNTY <br />CTAGFFEEFEE <br />15.00 <br />YANG NENG HUE <br />2012 - 611198 <br />UNION COUNTY <br />C ADVLTAX <br />61.11 <br />YANG NENG HUE <br />2012 - 611198 <br />UNION COUNTY <br />CIO2ADVLTAX <br />41.90 <br />YANG NENG HUE <br />2012- 611198 <br />UNION COUNTY <br />CTAGFFEEFEE <br />15.00 <br />YANG NENG HUE <br />2012- 602104 <br />UNION COUNTY <br />C ADVLTAX <br />115.43 <br />YANG NENG HUE <br />2012 - 602104 <br />UNION COUNTY <br />CIO2ADVLTAX <br />79.15 <br />YANG NENG HUE <br />2012 - 602104 <br />UNION COUNTY <br />CTAGFFEEFEE <br />15.00 <br />YOUNG GERALDINE MARIE <br />2012- 632520 <br />PRORATION <br />C ADVLTAX <br />4.56 <br />YOUNG GERALDINE MARIE <br />2012- 632520 <br />PRORATION <br />CIO2ADVLTAX <br />3.13 <br />YOUNG TODD ALLEN <br />2012- 669646 <br />VALUE ADJ PER HIGH <br />MILEAGE <br />C ADVLTAX <br />98.00 <br />YOUNG TODD ALLEN <br />2012- 669646 <br />VALUE ADJ PER HIGH <br />MILEAGE <br />CIO2ADVLTAX <br />67.20 <br />YOUNG TODD ALLEN <br />2012 - 669646 <br />CIO2ADVLTAX <br />-67.20 <br />YOUNG TODD ALLEN <br />2012- 669646 <br />C ADVLTAX <br />-98.00 <br />YOUNG TODD ALLEN <br />2012- 669646 <br />VALUE ADJ TO $9255 <br />PER HIGH <br />C ADVLTAX_ <br />64.79 <br />YOUNG TODD ALLEN <br />2012 - 669646 <br />VALUE ADJ TO $9255 <br />PER HIGH <br />C102ADVLTAX <br />44.42 <br />ZALYS KURT <br />2012- 103419 <br />NO PMTS FROM EMPL <br />C GARNFEE <br />60.00 <br />ZEPEDA MARIO FRANCISCO <br />2012 - 586286 <br />RELEASE GR FEE -WRONG PERSON <br />C GARNFEE <br />60.00 <br />ZHANG YILI <br />2012- 662978 <br />PRORATION <br />C ADVLTAX <br />13.55 <br />ZHANG YILI <br />2012- 662978 <br />PRORATION <br />CIO2ADVLTAX <br />9.29 <br />(G) NEW BUSINESS <br />(G -1) County Manager - On Behalf of Carolina International School Regarding <br />the Issuance of Tax- Exempt Bonds - Public Hearing 6:30 P.M. <br />Chairman Poole opened the public hearing at 7:09 p.m. The Public <br />Hearing Notice was published on May 29, 2013 in The Independent Tribune. The <br />Public Hearing Notice was also posted on the County's website <br />( www.cabarruscounty.us ) on June 4, 2013 in accordance with Article 2, <br />Administration, Section 2.1 (Use of Electronic Means to Provide Public <br />Notices) of the Cabarrus County Code of Ordinances. <br />There was no one present to address the Board; therefore, Chairman <br />Poole closed the public hearing. <br />Vice Chairman White advised the County is not issuing the bonds or <br />going into debt as it relates to Carolina International School. <br />Richard Koch, County Attorney, advised the Board does need to adopt the <br />resolution as required by the Internal Revenue Code. <br />Vice Chairman White MOVED to adopt the resolution as presented. <br />Commissioner Measmer seconded the motion. <br />Chairman Poole clarified, by stating the motion is to adopt the <br />Resolution Approving the Issuance of Bonds Not to Exceed $12,950,000.00 of <br />the Public Finance Authority Education Revenue Bonds (Carolina International <br />School), Series 2013A, following which, the MOTION unanimously carried. <br />Resolution No. 2013 -11 <br />RESOLUTION APPROVING THE ISSUANCE OF BONDS NOT TO EXCEED <br />$12,950,000 OF THE PUBLIC FINANCE AUTHORITY EDUCATION REVENUE BONDS <br />(CAROLINA INTERNATIONAL SCHOOL), SERIES 2013A <br />WHEREAS, at 6:30 P.M., the Chairman announced that the Board of <br />Commissioners (the "Board ") would proceed to hold a public hearing and would <br />hear anyone who wished to be heard on the proposed issuance by the Public <br />Finance Authority (the "Authority "), a unit of government and a body <br />corporate and politic of the State of Wisconsin, of not exceeding $12,950,000 <br />of its Education Revenue Bonds (Carolina International School), Series 2013A <br />(the "Bonds "); <br />WHEREAS, the Authority will loan the proceeds of the Bonds to Carolina <br />International School, a North Carolina nonprofit corporation (the "Borrower ") <br />and the Borrower will use the proceeds of the loan from the Authority for the <br />purpose of financing and refinancing the costs of acquiring, constructing, <br />equipping, improving and operating, as applicable, land and buildings used or <br />to be used by the Corporation as school facilities to be located at 9501 <br />Poplar Tent Road, Concord, North Carolina (the "Project "); <br />WHEREAS, pursuant to Section 66.0304(11)(a) of the Wisconsin Statutes, <br />prior to their issuance, bonds issued by the Authority must be approved by <br />the governing body or highest ranking executive or administrator of the <br />political jurisdiction within whose boundaries the project is located (the <br />"Project Jurisdiction "); <br />WHEREAS, the Borrower has requested that the Board approve the <br />financing of the Project and the issuance of the Bonds in order to satisfy <br />the public approval requirement of Section 147(f) of the Code and the <br />requirements of Section 4 of the Amended and Restated Joint Exercise of <br />