BC 1997 04 21 - Laserfiche WebLink

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278 WHEREAS, the DOC has, by regulation, provided that no application for approval of a project will be officially received until the governing body of the County from which the application is made has, by resolution after having held a public hearing, approved the issuance of revenue bonds and approved in principle the proposed project and a certified copy of such resolution has been provided to the DOG; and WHEREAS, the Project will be located wholly within Cabarrus County; and WHEREAS, the Board of County Commissioners, pursuant to public notice duly given, has held a public hearing on the proposed qualified small issue industrial revenue bond issue and Project and has considered the comments of persons who requested to be heard; and WHEREAS, the Board of County Commissioners desires to approve the issuance of the qualified small issue industrial 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 qualified small issue industrial revenue bonds by the Authority in an aggregate principal amount not exceeding $1,700,000 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 DOC. (4) The Board of County Commissioners hereby requests that the State of North Carolina, pursuant to Chapter 588 of the 1987 North Carolina General Session Laws, or any other.executive order or legislation relating to volume limitations on tax-exempt financing, allocate to the above-described qualified small issue industrial revenue bonds and Project $1,700,000 of "unified volume limitation" (as described in said Session Laws 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 as provided in said Session Laws 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. This resolution shall take effect immediately upon its passage. Commissioner Barnhart moved the passage of the foregoing resolution and Commissioner Carpenter seconded the motion, and the resolution was unanimously adopted. County Boundary Line Between Cabarrus and Iredell Counties - Mr. Terry Rowland and Mr. Gary Thompson Mr. Terry Rowland, Tax Administrator, and Mr. Gary Thompson, Chief of the Geodetic Survey Section of the Office of State Planning, discussed the establishment of a common boundary between Iredell and Cabarrus Counties. The new boundary will impact approximately 400 acres and approximately 12 homes currently located in Cabarrus County. Mr. Rowland also pointed out that Cabarrus County is expected to pick up approximately 1,200 acres at the time the boundary between the counties of Cabarrus and Rowan is settled. There was lengthy discussion regarding the impact on current Cabarrus County property owners who would become residents of Iredell County. Mr. Rowland explained that no changes are anticipated at this time with all changes involving such issues as school districts to occur at the time the property is sold. UPON MOTION of Chairman Casper, seconded by Commissioner Niblock with Chairman Casper and Commissioners Niblock, Mills and Barnhart voting for and Commissioner Carpenter voting against, the Board adopted the following Resolution and instructed staff, specifically the County Manager, to draft a letter to notify property owners that the Board has approved the tentative relocation of the boundary to be consistent with the actual markers that were established back in the 1700's and that this will impact them for tax purposes and can impact them for school purposes.