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March 17, 2003 Page 79 enacting N.C.G.S. 105-517(b) in Section 34.14(a) of Session Law 2001-424, as amended by Session Law 2002-123; and WHEREAS, Session Law 2001-424 Section 34.13(a) is repealed July 1, 2003, eliminating the one-half percent (1/2%) sales tax that became effective October 16, 2001, thereby allowing for the preservation of a combined state and local sales and use tax of six and one-half percent (6 ~%); and WHEREAS, the Cabarrus County Board of Commissioners held the public hearing on the issue of adopting this resolution on March 17, 2003, as required by N.C.G.S. 105-517(b) and proper public notice of the Board's intent to consider this resolution was provided as required by N.C.G.S. 105-517(b); and, WHEREAS, Cabarrus County has lost nearly $4 million in funds made available by the State of North Carolina to replace revenue lost because of legislative action: (1) to repeal sales taxes imposed on purchases made with Food Stamps; (2) to repeal property taxes imposed on inventories held by manufacturers, retailers and wholesalers; (3) to repeal taxes on intangible personal property; and (4) to reduce taxes levied on residential property owned by low-income elderly taxpayers; and WHEREAS, the Cabarrus County Board of Commissioners hereby finds that, particularly in light of the circumstances cited herein, it is necessary to maintain the combined state and local government sales and use tax at six and one-half percent (6~%) in order to adequately finance the operations of the county and the cities and towns herein. NOW, THEREFORE, BE IT RESOLVED by the Cabarrus County Board of Commissioners that: (i) (2) (3) (4) There is hereby imposed and levied within Cabarrus County the third one-half percent (1/2%) Local Government Sales and Use Tax authorized by Section 34.14(a) of Session Law 2001-424, as amended by Session Law 2002-123, and codified as Article 44 of Chapter 105 of the General Statutes of North Carolina. The tax hereby imposed and levied shall apply to the same extent and be subject to the same limitations as are set forth in said Session Law 2001-424. Collection of the tax by the North Carolina Secretary of Revenue, and liability therefore, shall begin and continue on and after the first day of July, 2003. The net proceeds of the tax levied herein shall be distributed by the Secretary of Revenue to Cabarrus County as prescribed by N.C.G.S. 105-520. The amount distributed to Cabarrus County shall be divided among the county and the municipalities herein in accordance with the method by which the one percent (1%) sales and use tax levied in Cabarrus County, pursuant to Article 39 of General Statutes Chapter 105, are distributed. This Resolution is effective upon its adoption, and a certified copy hereof shall be forwarded to the North Carolina Secretary of Revenue. Adopted this 17th day of March, 2003. /s/ Robert M. Freeman Robert M. Freeman, Chairman Cabarrus County Board of Commissioners ATTEST: /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board Recess of Meeting Chairman Freeman recessed the meeting for a short period of time. called the meeting back to order at 10:52 p.m. He (F-5) Voices and Choices of the Central Carolinas - Adam Hines Mr. Adam Hines, Director of Projects for Voices and Choices of Central Carolinas, presented a report concerning the activities of that organization, which consists of 14 counties and promotes building economic and environmental sustainability. He gave a brief update on the three major work projects and initiatives, including the Elected Officials Forum, the preparation of the State of the Region Report and the Catawba Greenway Trail