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February 21, 2011 (Regular Meeting) Page 330 Following discussion, the MOTION carried with Chairman White, Vice Chairman Poole and Commissioner Carruth voting for and Commissioners Burrage and Measmer voting against. Next, the Board discussed the revenues that could be generated if a 4 cent sales tax referendum were to be approved by the voters. Commissioner Carruth MOVED to place a 1 -4 cent sales tax referendum on a May ballot by adopting the authorizing resolution set forth in the agenda. Vice Chairman Poole seconded the motion. Commissioner Measmer expressed his preference for the referendum to be placed on the November ballot in conjunction with municipal elections to reduce election costs. Commissioner Burrage expressed his preference for the referendum to be placed on the May ballot. Vice Chairman Poole and Chairman White were in favor of holding the referendum in May. Further, they recommended the revenues be designated for debt service with any surplus revenues being designated for pay -as- you -go construction projects or prepaid notes (if possible), should the referendum be approved by the voters. Chairman White also suggested the sales tax revenue have its own line item in the budget. The MOTION carried with Chairman White, Vice Chairman Poole and Commissioners Burrage and Carruth voting for and Commissioner Measmer voting against. The resolution is as follows: Resolution No. 2011 -04 RESOLUTION REGARDING ONE- QUARTER CENT (1/4�) LOCAL SALES AND USE TAX AND DIRECTING CABARRUS COUNTY BOARD OF ELECTIONS TO CONDUCT AN ADVISORY REFERENDUM THEREON WHEREAS, Article 46 of Chapter 105 of the North Carolina General Statutes (NCGS Sections 105 -535 through 105 -538) authorizes the Board to levy a one - quarter cent (1/4 � ) local sales and use tax in the County, subject to and subsequent to the affirmative vote of a majority of those voting in an advisory referendum to be held in the County on the question of whether to levy such local sales and use tax in the County as required by NCGS §105 -537; and WHEREAS, in connection therewith, the Board is further authorized to direct the Cabarrus County Board of Elections (the "BOE ") to conduct said advisory referendum on such question. NOW, THEREFORE, BE IT RESOLVED by the Board, as follows: Section 1. The Board hereby determines that it is in the best interest of the County to hold the statutorily required advisory referendum on the question of whether to levy the one - quarter cent (1 /4C) local sales and use tax in the County authorized by Article 46 of Chapter 105 of the North Carolina General Statutes (NCGS Sections 105 -535 through 105 -538). Section 2. The Board, as permitted by NCGS Section 105 -537, hereby directs the County BOE to conduct said advisory referendum in the County on May 17, 2011 in accordance with the provisions of said NCGS Section 105 -537 and other provisions of applicable law. Section 3. The form of the question to be presented in said advisory referendum shall be: " [ ] FOR [ ] AGAINST Local sales and use tax at the rate of one - quarter percent (0.250) in addition to all other State and local sales and use taxes." Section 4. The Chairman of the Board, the County Manager, the Finance Director and the County Attorney are each hereby authorized to take any and all such further action(s) as they may deem necessary or advisable to carry out the intent of this resolution and to effect the conduct of the advisory referendum contemplated by this resolution. The County Clerk is hereby authorized to affix the seal of the County to any and all documents and certificates as may be appropriate to carry out the intent of this resolution