BC 1996 11 18 - Laserfiche WebLink

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197 Issuer are each hereby authorized to approve changes in such Official Statement, to approve any supplement to such Official Statement and t° execute such Official Statement and any supplement to such Official Statement for and on behalf of the Issuer. Section 11. There are hereby created, as may be needed, appropriate capital project funds and/or accounts of said Issuer for the receipt and expenditure of the proceeds of said bonds and appropriate debt service funds and/or accounts c~f said Issuer for the receipt and disbursement of debt service payments on said bonds. Section 12. The Chairman, the Finance Director and the Clerk to the Board and other officers of said Issuer are hereby authorized and directed to execute and deliver for and on behalf of said Issuer any and all certificates, documents and other papers, including, without limitation, Letter(s) of Representations to Securities Depositories and agreements relating to investment of proceeds of the Bonds (including repurchase agreements), and to perform any and all acts they may deem necessary or appropriate in order to carry out the intent of this resolution and the matters herein authorized. Section 13. This resolution shall take effect upon its passage. Upon motion of Commissioner Mills, seconded by Commissioner Niblock, the foregoing resolution entitled: "RESOLUTION PROVIDING FOR THE ISSUANCE OF $49,000,000 SCHOOL BONDS, SERIES 1997" was Passed by the following vote: Ayes: Commissioners Mills, Niblock, Casper and Fennel and Chairman Barnhart. Noes: None. There was brief discussion regarding the benefits of selling all the bonds at one time, including the uncertainty of future interest rates and the savings of approximately $40,000.00 (estimated cost for a second sale). Senior Tar Heel Legislature Update - Mr. Jim Graeber, Cabarrus County Delegate Mr. Jim Graeber, Cabarrus County Delegate to the Senior Tar Heel Legislature, gave a brief update on recent activities of that organization. He reported that the 1997 priorities include: Expansion of in-home services; the concept of managed care and health plans; incentives to purchase long term care insurance; funding for senior centers; and increased transportation for seniors. Fuel Management Prosram - Mr. Blair Bennett Mr. Blair Bennett, Deputy County Manager for Administration, reviewed a proposed fuel card program for managing and accounting for fuel purchases. Propst Brothers Distributing has offered to match a three percent (3%) discount by Exxon Corporation for monthly purchases. County vehicles could fuel at one of several locations around the county. Also, the County would no longer be required to comply with Environmental Protection Agency (EPA) regulations for in- ground storage. By general consensus, the Board authorized Mr. Bennett to pursue additional information regarding the proposed fuel management program. This information is to include such items as removal cost of fuel tanks, possible sale of the fuel pumps and EPA monitoring requirements. Zoning Text Amendment [Petition 96-05(T)] Public Hearing - 7:00 P.M. Mr. Jonathan Marshall, Planning Services Director, reviewed the proposed amendment to clarify lot sizes and set backs in the High Density Residential Zoning District. At 7:35 P.M., Chairman Barnhart opened the public hearing for Petition 96- 05(T) and asked if anyone were present who wished to speak either for or against the proposed amendment. There was no one present to address the Board, and Chairman Barnhart closed the public hearing. UPON MOTION of Chairman Barnhart, seconded by Commissioner Niblock and unanimously carried, the Board adopted the following Ordinance. PETITION 96-05(T) AN ORDINANCE AMENDING THE CABARRUS COUNTY ZONING ORDINANCE