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491
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<br />each hereby authorized to approve changes in such Official Statement, to approve
<br />such Supplement and to execute such Official Statement and such Supplement for
<br />and on behalf of the Issuer.
<br /> Section 9. The Letter of Representations, as requested by DTC in
<br />connection with the issuance of the Bonds and in the form presented at this
<br />meeting, is hereby approved, and the Finance Officer of the Issuer is hereby
<br />authorized to complete and execute such Letter of Representations and to deliver
<br />the same to DTC for and on behalf of the Issuer.
<br /> Section 10. This resolution shall take effect upon its passage.
<br /> Upon motion of Commissioner Simmons, seconded by Commissioner Barnhart,
<br />the foregoing resolution entitled: "RESOLUTION PROVIDING FOR THE ISSUANCE OF
<br />$6,000,000 WATER BONDS, SERIES 1992" was passed by the following vote:
<br /> Ayes: Commissioners Simmons, Barnhart, Hamby and Payne and Chairman
<br />Carpenter
<br /> Noes: None
<br />
<br />ZONING ATLAS AMENDMENTS
<br />
<br /> Chairman Carpenter stated that this was the date and time for a public
<br />hearing regarding proposed Zoning Atlas amendments.
<br />
<br />PETITION 92-02. Donald Misenheimer, located on N.C. 24/27
<br />approximately .7 miles west of Flowes Store Road, Map/PIN
<br />5524-57-9902 and part of 5524-68-1214. Wish to rezone from
<br />ARR to C-4.
<br />
<br /> Dr. Nancy Randall, Chairman of the Planning and Zoning Commission,
<br />reported that the Planning and Zoning Commission had voted unanimously to
<br />approve the rezoning request.
<br /> Mr. Jonathan Marshall reviewed the location of the area proposed for
<br />rezoning and presented the staff recommendation for the approval of the
<br />petition.
<br /> Chairman Carpenter opened the public hearing for Petition 92-02 at 7:24
<br />P.M. No one spoke either for or against the proposed atlas amendment, and
<br />Chairman Carpenter closed the public hearing.
<br /> UPON MOTION of Commissioner Barnhart, seconded by Commissioner Simmons
<br />and unanimously carried, the Board approved Petition 92-02 by Donald Misenheimer
<br />to rezone property located on N.C. 24/27 approximately .7 miles west of Flowes
<br />Store Road, Map/PIN 5524-57-9902 and part of 5524-68-1214, from ARR to C-4.
<br />
<br />PETITION 92-03. Lake Shore Estates, Inc., (Concord Motor
<br />Speedway), located on U.S. 601 near Joyner Road, Map/PIN 5547-
<br />51-8008, 61-5126. Wish to rezone from ARR to I-2/SU.
<br />
<br /> Mr. Hartsell affirmed the following persons who indicated they wished to
<br />address the Board during the public hearing for Petition 92-03: Nancy Randall,
<br />Jerry Newton, Jonathan Marshall, Lisa Santos, Laura Leigh, Charles Creason,
<br />George Barnard, Henry Furr, Cecil Jenkins, Wayne Schmitt, Gail Wilson, Gene
<br />Hermitte, Fred Daniels, A. C. Sossamon, Wayne Lefler, Jim Lefler, and Joan
<br />Creason.
<br /> Chairman Carpenter announced that the Board had received additional
<br />information immediately prior to the meeting. Therefore, she stated there was
<br />a possibility the Board would not take action on Petition 92-03 on this date.
<br />This information included a Legal Memorandum from Mr. William G. Alexander,
<br />Planning and Zoning Commission Attorney, and information from Mr. George Barnard
<br />about noise testing.
<br /> Dr. Randall presented the petition 'to rezone the Concord Motor Speedway
<br />property from ARR to I-2/SU with the following special uses: (1) agricultural
<br />uses; (2) auto repair garages; (3) farm machinery assembly, repair and sales;
<br />(4) heavy equipment; (5) metal fabrication, plants; (6) mobile office; (7)
<br />office; (8) race shop; (9) racetrack (includes dragstrip); (10) radio, T.V.
<br />tower; (11) signs; (12) tire capping; (13) warehousing; and (14) machine
<br />welding. She stated that the Planning and Zoning Commission had voted 5 to 4
<br />to deny the petition after considering such issues as the intent of the Midland
<br />Small Area Plan, performance standards, lack of infrastructure, and objections
<br />of neighbors.
<br /> Mr. Jerry Newton, Director of Planning, Zoning and Building Inspection,
<br />reported that two important activities had occurred since the Planning and
<br />Zoning Commission meeting. The petitioner had subdivided the speedway property
<br />
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