HomeMy WebLinkAbout9-6-2016 MinutesIREDELL COUNTY BOARD OF COMMISSIONERS
PRE -AGENDA MINUTES
September 6, 2016
The Iredell County Board of Commissioners met in pre -agenda session on Tuesday,
September 6, 2016 at 5:30 PM, in the Iredell County Government Center (South Wing Conference
Room), 200 South Center Street, Statesville, NC.
Board Members Present
Chairman James B. Mallory III
Vice Chairman Marvin Norman
Tommy Bowles
Steve Johnson
Ken Robertson
Staff present: County Manager Ron Smith, County Attorney Bill Pope, Deputy County
Manager Beth Jones, Finance Director Susan G. Robertson, Attorney Lisa Valdez, and Clerk to
the Board Retha Gaither.
CALL TO ORDER: Chairman James Mallory called the meeting to order.
ADJUSTMENTS TO THE AGENDA: County Manager Ron Smith said there were no
adjustments from the staff.
Chairman Mallory said there would be an update, under Unfinished Business, on the costs
for the suggested courthouse renovations.
PUBLIC HEARINGS
Public Hearing to Consider a Request by Jimmy McKnight (McKay Family) to
Release Zoning and Subdivision Jurisdiction to the Town of Mooresville: Planning Director
Matthew Todd said the first hearing is a release of jurisdiction for property on Brawley School
Road. It is 37.91 acres with a proposed 71 lots for empty -nester housing and 10 acres for
commercial on the front of the property. There have been a few calls expressing concerns. It is
slated for annexation in December by the Town of Mooresville.
Commissioner Bowles said the applicant, owner, and engineers will be at the 7:00 meeting
to answer any questions.
Public Hearing to Consider a Request from Charlotte Ski Boats to Rezone 6.52 Acres
at 1206 Brawley School Road from NB CUD to HB CD: Planning Director Matthew Todd said
the current business, Charlotte Ski Boats, is operating out of the old Lake Norman Fire Department.
It was rezoned specifically for their use. Since that time business has done well and they have
multiple boats in storage on the adjacent property which is zoned NB and does not allow that type
of use. They are requesting this rezoning to bring their property into compliance and with future
plans for dry storage. This is a conditional zoning that is site plan specific.
Commissioner Robertson asked if the conditional uses will clean-up the property because
some neighbors have already expressed concerns.
Todd said the requirements should improve the look of the current site that is in violation
at this time. There were some lighting issues and some have been resolved. Because this is
September 6, 2016
conditional there was a public input meeting on site. Many neighbors were concerned over the
lights, screening, and the use of the property in general. The 2030 Horizon Plan calls for it to be
Corridor Commercial which would allow Highway Business and General Business. One particular
neighbor in opposition came before the Planning Board with concerns about the look of the
proposed buildings and landscape. The code does not address the aesthetics of the building, just
the landscape.
Commissioner Bowles asked if it would be just for storage or will there be a repair facility.
Todd said they have proposed three buildings to be phased in. They could do repairs. The
owners are restricted to the site plan and the requirements of the code. The uses are limited to boat
dealers, motorcycles, ATV sales/service and general office. Another condition is to maintain an
undisturbed buffer along the back. Normal requirements are 15 feet of landscaping along the road
and buffering around any residential areas. The existing vegetation will probably work for the
buffer but there are several options such as a fence. The back part of the property will have to
remain unused except for septic or retention pond but there are no requirements for a retention
pond. They have to come back to the Board with another site plan and a request for a High Density
Option if they wanted to make changes. The current facility was annexed by Mooresville in July
because of the need for water.
Public Hearing on a Proposed Installment Contract Financing to Refinance and
Adopt a Resolution Approving and Authorizing an Installment Contract Financing by the
County: Finance Director Susan Robertson said there was a conference call last week with
Moody's, S&P, and Fitch. Iredell County has the highest possible rating from all three agencies
which is just short of Triple A. It would be very difficult for the County to receive a Triple A
because of the median household income and per capita income in relation to the US.
Commissioner Robertson asked if there would be a significant difference in the interest
rate between Triple A and the County's current rating.
Finance Director Robertson said she could not quantify what it would be but with all the
current information the true interest is 1.68%. The request is to adopt the resolution to move
forward with a tentative sale date of October 27 and close on December 1.
County Manager Ron Smith said one of the reps said that Iredell County is operating as a
Triple A county because of the financial stability, the philosophy/fiscal policies of the Board, long
term Finance Director, and good management.
Chairman Mallory said that information should be shared in the public forum.
Smith said the wealth portion of the rating is about 40% of their requirement but the
continued economic development efforts and the diversity of the types of projects is an asset along
with agriculture adding to the diversity.
Finance Director Robertson said the agencies also look at the value of those industries as a
share of the total value. The top ten tax payers are less than 17% of the total tax base which shows
diversity.
Commissioner Robertson said this Board has been conservative for decades.
ADMINISTRATIVE MATTERS
September 6, 2016
Request from the Sheriffs Department for Approval to Receive the 2017 JAG Grant
in the amount of $15,029: Chief Deputy Marty Byers said this request is for a Digital Vehicular
Repeater System (DVRS) which will enhance communications especially on the 800 MHz while
inside a building. For example, radios will not work inside West Iredell High School. During an
Active Shooter Training a DVRS was borrowed from Mooresville Fire Department. It is basically
a repeater that sits inside a car and pulls the signal from the building and then out to the tower for
better communications.
Chairman Mallory asked if the grant had been awarded.
Byers said no it has not been awarded.
Commissioner Bowles asked if this would solve all in -building coverage problems.
Byers said no but it will be a huge step forward. It is a radio and there will be areas that it
just will not work.
This item was placed on the consent agenda.
BA#4
To recognize the 2017 JAG grant in the Sheriffs department to purchase a Digital
Vehicle Repeater System
9/6/2016
Account #
Current Budget I Chane
I Amended Budget
104510 43600 15217
2017 JAG Grant
-
(15,029)
(15,029)
104880 499404
Appro. Fund Balance - FES
(1,071)
(1,071)
105510 610000 15217
Depreciable Assets
16,100
16,100
Request from the Sheriffs Department for Approval of a Sole Source Purchase of
Taser Replacements and a Five -Year Agreement: Deputy Bert Connolly said this request is for
a sole -source purchase contract to Taser International. The 2017 budget was approved for
$184,000 to purchase new Tasers. This is also a request for a five-year warranty/replacement
through Taser which is called TAP (Taser Assurance Plan). Payment is made every year and at the
end of five years the Department will receive all brand new weapons. Tasers change frequently
and five years is the about the maximum life.
Chairman Mallory asked if Tasers are considered a weapon or device.
Connolly said it is a conductive electrical weapon (CEW). This will be latest reasonably
priced version.
Chairman Mallory asked if this coincides with the statutes as it relates to the definition of
a weapon.
Connolly said it would depend a lot on officer discretion and the intent, if it was locked up
or not, etc.
Commissioner Bowles asked if newer Tasers were better with safe -guards against death.
Connolly said Tasers have a data log that can be downloaded to see how many times it was
used and the length of time for each use. Excited Delirium is a situation to be very aware of. The
Taser doesn't necessarily kill them but whatever the person is high on would be a contributing
factor. All officers are trained and know the options. Connolly will research trading some of the
September 6, 2016
old Tasers, but Tasers currently being used will probably be placed in the Armory, and the oldest,
nonworking Tasers will probably be sent to be destroyed.
Chairman Mallory asked if there have been any technological advances.
Connolly said they are adjustable and have safe -guards in the event the Taser gets wet.
This item was placed on the consent agenda.
Request from the Planning Division for 20% Matching Funds for a Study of a North-
South Parkway in Southern Iredell County: Planning Director Matthew Todd said the Lake
Norman Transportation Committee is creating this project. There is grant money available to study
a corridor/road or transportation issue. LNTC has decided to move forwarded with this request. It
follows the basic alignment of Shears Road. It would look at the existing road to see areas of
needed improvements and a wide range of issues with the increased right-of-way, what type of
facility would be ideal for that area, and maybe even help with 1-77. It will be a north -south
connection in eastern Iredell County. Essentially the grant can be up to $100,000 with a $20,000
local match required. Right now it is Mooresville, Davidson, Huntersville and Iredell County.
LNTC will contribute $5,000 for the match which leaves $15,000. Iredell County's share would
be $3,750 if the other jurisdictions agree to participate. The result will be to know specific projects
that could be added to different transportation lists for ranking/scoring in order to align funding in
the future.
Commissioner Robertson said he challenged this with the Council of Governments. He
said there shouldn't be a study if there's no intention of funding a project. This will give another
alternative pathway and it will identify critical junctures. But at some point it will lay out what the
corridor will eventually look like and therefore no building right up on the road. If that is not done
now, then the acquisition costs will run the price of the project out through the ceiling. This will
lay the pathway so that something can happen in maybe twenty years and be affordable. If it is not
done, then there will be no options because everything will be filled.
Commissioner Johnson agreed to contribute up to $3,750. If someone drops out then they
can come back for reconsideration.
Smith thinks Cornelius may come back into the committee.
Commissioner Bowles asked how it would reserve the right-of-way.
Chairman Mallory said the land use plan would change to reflect the limits.
Commissioner Johnson stated that if all the jurisdictions agree where it should be then
whoever looks at developing in those areas will know it is serious and will be able to factor that
into their decision on how to proceed.
This item was placed on the consent agenda.
Request from the Finance Department to Demolish Houses on Short Street and Tradd
Street: Purchasing and Contracts Manager Dean Lail said there are several pieces of property that
need to be demolished or removed from lots that will be used for staging and additional parking
for the jail project. All properties are under a contract with Ken Grant Homestead Properties under
a sub -lease agreement. Some are occupied and some are vacant. All leases are scheduled to expire
September 6, 2016 4
by February 2017. The request is have all house removed at the same time with an estimated cost
of $45,000.
Vice Chairman Marvin Norman clarified this would be after all tenants have moved out.
Lail said that is correct and all leases will expire in February 2017. All tenants have been
notified.
This item was placed on the consent agenda.
Request from the Finance Department to Demolish Houses on Harrill Street and
Davie Avenue: Purchasing and Contracts Manager Dean Lail said these houses are occupied by
Jail administration and Adult Probations. These houses are 100 years old and the value is unknown.
However, a couple of companies have inquired about the potential salvage value. Therefore
agreements may be reached to lower the County's cost of removal. The request is for authorization
to negotiate agreements with contractors that are interested in salvage. it is estimated to be about
$10,000 for both houses to be removed.
Chairman Mallory suggested to ensure they are not in any historic district.
Lail said that has been checked and these houses need to be removed as soon as possible
due to the perimeter construction fence going up soon.
Chairman Mallory asked about the renovations on the building for Adult Probations.
Facility Director Robert Woody said it is slated to be complete by October.
This was placed on the consent agenda.
Request from the Finance Department for Adoption of a Resolution Providing for the
Issuance of Not to Exceed $19,000,000 in General Obligation School Bonds, Series 2016:
Finance Director Susan Robertson said this is a resolution providing for the issuance of Not to
Exceed $19,000,000 in General Obligation School Bonds. This is part of the bond referendum that
was approved in November 2014. The total will be split between North Iredell High School and
South Iredell High School. The bids are in and both projects are well within their budget. This is
a requirement before the sale of the bond which is scheduled for September 20 and closing will be
two to three weeks afterward. It is expected that this will be another low interest deal backed by
the faith and credit of the County.
Chairman Mallory said the new Cool Springs Elementary School is very impressive. The
project came in on time and under budget.
This item was placed on the consent agenda.
RESOLUTION PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $19,000,000
GENERAL OBLIGATION SCHOOL BONDS, SERIES 2016
BE IT RESOLVED by the Board of Commissioners (the `Board") for the County of Iredell, North Carolina
(the "County"):
Section 1. The Board has determined and does hereby find and declare as follows:
September 6, 2016
(a) An order authorizing $119,500,000 School Bonds (the "School Bonds") was adopted by the Board for
the County on August 5, 2014, as amended and restated on August 19, 2014, which order was approved by the vote
of a majority of the qualified voters of the County who voted thereon at a referendum duly called and held on
November 4, 2014. $49,525,000 of the School Bonds have heretofore been issued by the County.
(b) Except as noted above, no notes have been issued in anticipation of the receipt of the proceeds of the sale
of said bonds, and it is necessary to issue not to exceed $19,000,000 of the School Bonds at this time.
(c) The maximum period of usefulness of the school facilities improvements to be provided with the proceeds
of said bonds is estimated as a period of forty (40) years from October 11, 2016, the date of the bonds for such school
facilities improvements authorized hereby, and that such period expires on October 11, 2056.
Section 2. Pursuant to said order, there shall be issued bonds of the County in the aggregate principal amount
of $19,000,000 (subject to adjustment pursuant to the provisions set forth below) designated "General Obligation
School Bonds, Series 2016" and dated the date of delivery thereof (the "Bonds"). Initially, the Bonds shall be stated
to mature annually, subject to adjustment pursuant to the provisions set forth below, April 1, $950,000 2018 to 2037,
inclusive; and shall bear interest at a rate or rates to be determined by the Local Government Commission of North
Carolina at the time the Bonds are sold, which interest to the respective maturities thereof shall be payable
semiannually on each April 1 and October 1, beginning April 1, 2017, until payment of such principal sum.
Subject to the limitations set forth in Section 159-65 of the General Statutes of North Carolina, the
County reserves the right to adjust the aggregate principal amount of the Bonds and adjust the principal
amount of each maturity of the Bonds in the manner hereinafter provided, provided that the aggregate
principal amount of the Bonds shall not exceed $19,000,000. The aggregate principal amount and the principal
amount of each maturity of the Bonds set forth above are subject to adjustment, both before and after the
receipt and opening of sealed bids for their purchase, by the County Manager and the Director of Finance and
Administration. The adjustments to the individual maturities and aggregate principal amounts shall be made,
with the advice of the Local Government Commission and the Financial Advisor to the County, to reflect
anticipated and actual market conditions at the time of the sale of the Bonds pursuant to Section 7 below, such
that, as nearly as reasonably practicable, (1) the County will realize bond proceeds (consisting of principal and
premium bid by the successfully bidder) of approximately $19,000,000 for school construction, plus an amount
sufficient to pay costs of issuance, (2) the Bonds will have approximately level payments of principal over the
term of the Bonds, and (3) the successful bidder will receive the same percentage amount of aggregate selling
compensation per $1,000 of principal amount of Bonds as it would have received based upon its bid for the
Series 2016 Bonds, based on the prices, interest rates and proposed initial reoffering prices set forth in in its
bid for the purchase of Bonds and any additional information regarding the proposed initial reoffering prices
provided to the County by the successful bidder. The County Manager and the Director of Finance and
Administration shall make arrangements with the Local Government Commission and the Financial Advisor
to the County to advise the potential bidders for the Bonds of the proposed changes to the maturities. The final
aggregate principal amount of the Bonds and the final principal amount of each maturity of the Bonds shall be
as set forth in the Final Official Statement (hereinafter defined).
Each Bond shall bear interest from the interest payment date next preceding the date on which it is
authenticated, unless it is (a) authenticated upon an interest payment date, in which event it shall bear interest from
such interest payment date or (b) authenticated prior to the first interest payment date, in which event it shall bear
interest from its date; provided, however, that if at the time of authentication interest is in default, such Bond shall
bear interest from the date to which interest has been paid.
The principal of and the interest on the Bonds shall be payable in any coin or currency of the United States
of America which is legal tender for the payment of public and private debts on the respective dates of payment
thereof.
The Bonds shall be issued by means of a book -entry system with no physical distribution of Bond certificates
to be made except as hereinafter provided. One Bond certificate with respect to each date on which the Bonds are
stated to mature, in the aggregate principal amount of the Bonds stated to mature on such date and registered in the
name of Cede & Co., a nominee of The Depository Trust Company ("DTC'), shall be issued and required to be
September 6, 2016
deposited with DTC and immobilized in its custody. The book -entry system will evidence ownership of the Bonds in
the principal amount of $5,000 or any whole multiple thereof, with transfers of ownership effected on the records of
DTC and its participants pursuant to rules and procedures established by DTC and its participants. The principal of
each Bond shall be payable to Cede & Co. or any other person appearing on the registration books of the County
hereinafter provided for as the registered owner of such Bond or his registered assigns or legal representative at such
office of the Bond Registrar mentioned hereinafter or such other place as the County may determine upon the
presentation and surrender thereof as the same shall become due and payable. Payment of the interest on each Bond
shall be made by said Bond Registrar on each interest payment date to the registered owner of such Bond (or the
previous Bond or Bonds evidencing the same debt as that evidenced by such Bond) at the close of business on the
record date for such interest, which shall be the 15th day (whether or not a business day) of the calendar month next
preceding such interest payment date, by check mailed to such person at his address as it appears on such registration
books; provided, however, that for so long as the Bonds are deposited with DTC, the payment of the principal of and
interest on the Bonds shall be made to DTC in same-day funds by 2:30 p.m. or otherwise as determined by the rules
and procedures established by DTC. Transfer of principal and interest payments to participants of DTC will be the
responsibility of DTC, and transfer of principal and interest payments to beneficial owners of the Bonds by participants
of DTC will be the responsibility of such participants and other nominees of such beneficial owners. The County
shall not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing records
maintained by DTC, its participants or persons acting through such participants.
In the event that (a) DTC determines not to continue to act as securities depository for the Bonds or (b) the
Director of Finance and Administration of the County determines that continuation of the book -entry system of
evidence and transfer of ownership of the Bonds would adversely affect the interests of the beneficial owners of the
Bonds, the County will discontinue the book -entry system with DTC. If the County identifies another qualified
securities depository to replace DTC, the County will make arrangements with DTC and such other depository to
effect such replacement and deliver replacement Bonds registered in the name of such other depository or its nominee
in exchange for the outstanding Bonds, and the references to DTC or Cede & Co. in this resolution shall thereupon be
deemed to mean such other depository or its nominee. If the County fails to identify another qualified securities
depository to replace DTC, the County shall deliver replacement Bonds in the form of fully -registered certificates in
denominations of $5,000 or any whole multiple thereof ("Certificated Bonds") in exchange for the outstanding Bonds
as required by DTC and others. Upon the request of UTC, the County may also deliver one or more Certificated
Bonds to any participant of DTC in exchange for Bonds credited to its account with DTC.
Unless indicated otherwise, the provisions of this resolution that follow shall apply to all Bonds issued or
issuable hereunder, whether initially or in replacement thereof.
Section 3. The Bonds shall bear the manual or facsimile signatures of the Chairman of the Board and the
Clerk to the Board for the County and the corporate seal or a facsimile of the corporate seal of the County shall be
impressed or imprinted, as the case may be, on the Bonds.
The certificate of the Local Government Commission of North Carolina to be endorsed on all Bonds shall
bear the manual or facsimile signature of the Secretary of said Commission and the certificate of authentication of the
Bond Registrar to be endorsed on all Bonds shall be executed as provided hereinafter.
In case any officer of the County or the Local Government Commission of North Carolina whose manual or
facsimile signature shall appear on any Bonds shall cease to be such officer before the delivery of such Bonds, such
manual or facsimile signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained
in office until such delivery, and any Bond may bear the manual or facsimile signatures of such persons as at the actual
time of the execution of such Bond shall be the proper officers to sign such Bond although at the date of such Bond
such persons may not have been such officers.
No Bond shall be valid or become obligatory for any purpose or be entitled to any benefit or security under
this resolution until it shall have been authenticated by the execution by the Bond Registrar of the certificate of
authentication endorsed thereon.
The Bonds to be registered in the name of Cede & Co. and the endorsements thereon shall be in substantially
the following form:
September 6, 2016
No. R -
United States of America
S
State of North Carolina
COUNTY OF IREDELL
GENERAL OBLIGATION SCHOOL BOND, SERIES 2016
Maturity Date Interest Rate CUSIP No.
April 1, 20 %
The County of Iredell, a body corporate and politic duly organized and validly existing in the State of North
Carolina, is justly indebted and for value received hereby promises to pay to
CEDE & CO.
or registered assigns or legal representative on the date specified above, upon the presentation and surrender hereof,
at the office of the Director of Finance and Administration of said County (the "Bond Registrar"), in Statesville, North
Carolina, the principal sum of
DOLLARS
and to pay interest on such principal sum from the date hereof or from April I or October 1 next preceding the date of
authentication to which interest shall have been paid, unless such date of authentication is April 1 or October 1 to
which interest shall have been paid, in which case from such date, such interest to the maturity hereof being payable
semiannually on each April 1 and October t, beginning April 1, 2017, at the rate per annum specified above, until
payment of such principal sum. The interest so payable on any such interest payment date will be paid to the person
in whose name this bond (or the previous bond or bonds evidencing the same debt as that evidenced by this bond) is
registered at the close of business on the record date for such interest, which shall be the 15'' day (whether or not a
business day) of the calendar month next preceding such interest payment date, by check mailed to such person at his
address as it appears on the bond registration books of said County; provided, however, that for so long as the Bonds
(hereinafter defined) are deposited with The Depository Trust Company ("DTC'), the payment of the principal of and
interest on the Bonds shall be made to DTC in same day funds by 2:30 p.m. or otherwise as determined by the rules
and procedures established by DTC. Both the principal of and the interest on this bond shall be paid in any coin or
currency of the United States of America that is legal tender for the payment of public and private debts on the
respective dates of payment thereof. For the prompt payment hereof, both principal and interest as the same shall
become due, the faith and credit of said County are hereby irrevocably pledged.
This bond is one of an issue of bonds designated "General Obligation School Bonds, Series 2016" (the
"Bonds") and issued by said County for the purpose of providing funds, with any other available funds, for school
facilities improvements, and this bond is issued under and pursuant to The Local Government Bond Act, as amended,
Article 7, as amended, of Chapter 159 of the General Statutes of North Carolina, an order adopted by the Board of
Commissioners for said County, which order was approved by the vote of a majority of qualified voters who voted
thereon at referendum duly called and held, and a resolution duly passed by said Board of Commissioners (the
`Resolution").
The Bonds maturing on or prior to April 1, 2026 are not subject to redemption prior to maturity. The Bonds
maturing on April 1, 2027 and thereafter may be redeemed, at the option of said County, from any moneys that may
be made available for such purpose, in whole or in part on any date not earlier than April 1, 2026, at a redemption
price equal to 100% of the principal amount of the Bonds to be redeemed, together with interest accrued thereon to
the date fixed for redemption.
If Tess than all of the Bonds of any one maturity shall be called for redemption, the particular Bonds or
portions of Bonds of such maturity to be redeemed shall be selected by lot of said County in such manner as said
County in its discretion may determine; provided, however, that the portion of any Bond to be redeemed shall be in
September 6, 2016
the principal amount of $5,000 or some multiple thereof and that, in selecting Bonds for redemption, each Bond shall
be considered as representing that number of Bonds which is obtained by dividing the principal amount of such Bond
by $5,000. So long as a book -entry system with The Depository Trust Company ("DTC'), is used for determining
beneficial ownership of Bonds, if less than all of the Bonds within the maturity are to be redeemed, DTC and its
participants shall determine which of the Bonds within a maturity are to be redeemed by lot. If less than all of the
Bonds stated to mature on different dates shall be called for redemption, the particular Bonds or portions thereof to be
redeemed shall be called in such manner as the County may determine.
Not more than sixty (60) nor less than thirty (30) days before the redemption date of any Bonds to be
redeemed, whether such redemption be in whole or in part, said County shall cause a notice of such redemption to be
filed with the Bond Registrar and to be mailed, postage prepaid, to the registered owner of each Bond to be redeemed
in whole or in part to his address appearing upon the registration books of said County, provided that such notice to
Cede & Co. shall be given by certified or registered mail. On the date fixed for redemption, notice having been given
as aforesaid, the Bonds or portions thereof so called for redemption shall be due and payable at the redemption price
provided for the redemption of such Bonds or portions thereof on such date and, if moneys for payment of such
redemption price and the accrued interest are held by the Bond Registrar as provided in the Resolution, interest on the
Bonds or the portions thereof so called for redemption shalt cease to accrue. If a portion of this Bond shalt be called
for redemption, a new Bond or Bonds in a principal amount equal to the unredeemed portion hereof will be issued to
Cede & Co. or its legal representative upon the surrender hereof.
Any notice of redemption may state that the redemption to be effected is conditioned upon the receipt by the
Bond Registrar on or prior to the redemption date of moneys sufficient to pay the principal of and premium, if any,
and interest on the Bonds to be redeemed and that if such moneys are not so received such notice shall be of no force
or effect and such Bond shall not be required to be redeemed. In the event that such notice contains such a condition
and moneys sufficient to pay the principal of and premium, if any, and interest are not received by the Bond Registrar
on or prior to the redemption date, the redemption shall not be made and the Bond Registrar shall within a reasonable
time thereafter give notice, in the manner in which the notice of redemption was given, that such moneys were not so
received.
The Bonds are being issued by means of a book -entry system with no physical distribution of bond
certificates to be made except as provided in the Resolution. One bond certificate with respect to each date on which
the Bonds are stated to mature, in the aggregate principal amount of the Bonds stated to mature on such date and
registered in the name of Cede & Co., a nominee of DTC, is being issued and required to be deposited with DTC and
immobilized in its custody. The book -entry system will evidence ownership of the Bonds in the principal amount of
$5,000 or any whole multiple thereof, with transfers of ownership effected on the records of DTC and its participants
pursuant to rules and procedures established by DTC and its participants. Transfer of principal and interest payments
to participants of DTC will be the responsibility of DTC, and transfer of principal and interest payments to beneficial
owners of the Bonds by participants of DTC will be the responsibility of such participants and other nominees of such
beneficial owners. Said County will not be responsible or liable for such transfers of payments or for maintaining,
supervising or reviewing the records maintained by DTC, its participants or persons acting through such participants.
In certain events, said County will be authorized to deliver replacement Bonds in the form of fully -registered
certificates in the denomination of 55,000 or any whole multiple thereof in exchange for the outstanding Bonds as
provided in the Resolution.
At the office of the Bond Registrar, in the manner and subject to the conditions provided in the Resolution,
Bonds may be exchanged for an equal aggregate principal amount of Bonds of the same maturity, of authorized
denominations and bearing interest at the same rate.
The Bond Registrar shall keep at his office the books of said County for the registration of transfer of Bonds.
The transfer of this bond may be registered only upon such books and as otherwise provided in the Resolution upon
the surrender hereof to the Bond Registrar together with an assignment duly executed by the registered owner hereof
or his attorney or legal representative in such form as shall be satisfactory to the Bond Registrar. Upon any such
registration of transfer, the Bond Registrar shall deliver in exchange for this bond a new Bond or Bonds, registered in
the name of the transferee, of authorized denominations, in an aggregate principal amount equal to the unredeemed
principal amount of this bond, of the same maturity and bearing interest at the same rate.
September 6, 2016
The Bond Registrar shall not be required to exchange or register the transfer of any Bond during a period
beginning at the opening of business fifteen (15) days before the day of the mailing of a notice of redemption of Bonds
or any portion thereof and ending at the close of business on the day of such mailing or of any Bond called for
redemption in whole or in part pursuant to the Resolution.
It is hereby certified and recited that all acts, conditions and things required by the Constitution and laws of
North Carolina to happen, exist and be performed precedent to and in the issuance of this bond have happened, exist
and have been performed in regular and due form and time as so required; that provision has been made for the levy
and collection of a direct annual tax upon all taxable property within said County sufficient to pay the principal of and
the interest on this bond as the same shall become due; and that the total indebtedness of said County, including this
bond, does not exceed any constitutional or statutory limitation thereon.
This bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security
under the Resolution until this bond shall have been authenticated by the execution by the Bond Registrar of the
certificate of authentication endorsed hereon.
IN WITNESS WHEREOF, the County of Iredell, North Carolina, by resolution duly passed by its Board of
Commissioners, has caused this bond to be manually signed by the Chairman of said Board and the Clerk to said
Board for said County and its official seal to be impressed hereon, all as of the day of October, 2016.
[SEAL]
Chairman
[Do not sign]
Clerk to the Board
CERTIFICATE OF LOCAL GOVERNMENT COMMISSION
The issuance of the within bond has been approved under the provisions of The Local Government Bond
Act of North Carolina.
Secretary, Local Government Commission
2. CERTIFICATE OF AUTHENTICATION
This bond is one of the Bonds of the series designated herein and issued under the provisions of the within -
mentioned Resolution.
Date of authentication:
[Do not sign]
Director of Finance and Administration, as Bond
Registrar
ASSIGNMENT
FOR VALUE RECEIVED the undersigned registered owner thereof hereby sells, assigns and transfers unto
September 6, 2016 10
the within Bond and all rights thereunder and hereby irrevocably constitutes and
attorney to register the transfer of said bond on the books kept for registration thereof, with full power of substitution
in the premises.
Dated:
In the presence of:
NOTICE: The signature must be guaranteed by an
institution which is a participant in the Securities
Transfer Agent Medallion Program (STAMP) or similar
program.
The signature to this assignment must correspond with
the name as it appears on the tate of the within Bond in
every particular, without alteration of enlargement or
any change whatever.
Certificated Bonds issuable hereunder shall be in substantially the form of the Bonds registered in the name
of Cede & Co. with such changes as are necessary to reflect the provisions of this resolution that are applicable to
Certificated Bonds.
Section 4. The Bonds maturing on or prior to April 1, 2026 are not subject to redemption prior to maturity.
The Bonds maturing on April 1, 2027 and thereafter may be redeemed, at the option of said County, from any moneys
that may be made available for such purpose, in whole or in part on any date not earlier than April 1, 2026, at a
redemption price equal to 100% of the principal amount of the Bonds to be redeemed, together with interest accrued
thereon to the date fixed for redemption.
If less than all of the Bonds of any one maturity shall be called for redemption, the particular Bonds or
portions of Bonds of such maturity to be redeemed shall be selected by lot of the County in such manner as the County
may determine; provided, however, that the portion of any Bond to be redeemed shall be in the principal amount of
$5,000 or some multiple thereof and that, in selecting Bonds for redemption, each Bond shall be considered as
representing that number of Bonds which is obtained by dividing the principal amount of such Bond by $5,000. So
long as a book -entry system with DTC is used for determining beneficial ownership of Bonds, if less than all of the
Bonds within the maturity are to be redeemed, DTC and its participants shall determine which of the Bonds within a
maturity are to be redeemed by lot. If less than all of the Bonds stated to mature on different dates shall be called for
redemption, the particular Bonds or portions thereof to be redeemed shall be called in such manner as the County may
determine.
Not more than sixty (60) nor less than thirty (30) days before the redemption date of any Bonds to be
redeemed, whether such redemption be in whole or in part, the County shall cause a notice of such redemption to be
filed with the Bond Registrar and to be mailed, postage prepaid, to the registered owner of each Bond to be redeemed
in whole or in part to his address appearing upon the registration books of the County, provided that such notice to
Cede & Co. shall be given by certified or registered mail. Failure to mail such notice or any defect therein shall not
affect the validity of the redemption as regards registered owners to whom such notice was given as required hereby.
Each such notice shall set forth the date designated for redemption, the redemption price to be paid and the maturities
of the Bonds to be redeemed. In the event that Certificated Bonds are outstanding, each such notice to the registered
owners thereof shall also set forth, if less than all of the Bonds of any maturity then outstanding shall be called for
redemption, the distinctive numbers and letters, if any, of such Bonds to be redeemed and, in the case of any Bond to
be redeemed in part only, the portion of the principal amount thereof to be redeemed. If any Bond is to be redeemed
in part only, the notice of redemption shall state also that on or after the redemption date, upon surrender of such Bond,
a new Bond or Bonds in principal amount equal to the unredeemed portion of such Bond will be issued.
September 6, 2016 11
On or before the date fixed for redemption, moneys shall be deposited with the Bond Registrar to pay the
principal of and the redemption premium, if any, on the Bonds or portions thereof called for redemption as well as the
interest accruing thereon to the redemption date thereof.
On the date fixed for redemption, notice having been given in the manner and under the conditions
hereinabove provided, the Bonds or portions thereof called for redemption shall be due and payable at the redemption
price provided therefor, plus accrued interest to such date. If moneys sufficient to pay the redemption price of the
Bonds or portions thereof to be redeemed, plus accrued interest thereon to the date fixed for redemption, are held by
the Bond Registrar in trust for the registered owners of Bonds or portions thereof to be redeemed, interest on the Bonds
or portions thereof called for redemption shall cease to accrue, such Bonds or portions thereof shall cease to be entitled
to any benefits or security under this resolution or to be deemed outstanding, and the registered owners of such Bonds
or portions thereof shall have no rights in respect thereof except to receive payment of the redemption price thereof,
plus accrued interest to the date of redemption.
Any notice of redemption may state that the redemption to be effected is conditioned upon the receipt by the
Bond Registrar on or prior to the redemption date of moneys sufficient to pay the principal of and premium, if any,
and interest on the Bonds to be redeemed and that if such moneys are not so received such notice shall be of no force
or effect and such Bond shall not be required to be redeemed. In the event that such notice contains such a condition
and moneys sufficient to pay the principal of and premium, if any, and interest are not received by the Bond Registrar
on or prior to the redemption date, the redemption shall not be made and the Bond Registrar shall within a reasonable
time thereafter give notice, in the manner in which the notice of redemption was given, that such moneys were not so
received.
If a portion of a Bond shall be selected for redemption, the registered owner thereof or his attorney or legal
representative shall present and surrender such Bond to the Bond Registrar for payment of the principal amount thereof
so called for redemption and the redemption premium, if any, on such principal amount, and the Bond Registrar shall
authenticate and deliver to or upon the order of such registered owner or his legal representative, without charge
therefor, for the unredeemed portion of the principal amount of the Bond so surrendered, a Bond or Bonds of the same
maturity, of any denomination or denominations authorized by this resolution and bearing interest at the same rate.
Section 5. Bonds, upon surrender thereof at the office of the Bond Registrar together with an assignment
duly executed by the registered owner or his attorney or legal representative in such form as shall be satisfactory to
the Bond Registrar, may, at the option of the registered owner thereof, be exchanged for an equal aggregate principal
amount of Bonds of the same maturity, of any denomination or denominations authorized by this resolution and
bearing interest at the same rate.
The transfer of any Bond may be registered only upon the registration books of the County upon the surrender
thereof to the Bond Registrar together with an assignment duly executed by the registered owner or his attorney or
legal representative in such form as shall be satisfactory to the Bond Registrar. Upon any such registration of transfer,
the Bond Registrar shall authenticate and deliver in exchange for such Bond a new Bond or Bonds, registered in the
name of the transferee, of any denomination or denominations authorized by this resolution, in an aggregate principal
amount equal to the unredeemed principal amount of such Bond so surrendered, of the same maturity and bearing
interest at the same rate.
In all cases in which Bonds shall be exchanged or the transfer of Bonds shall be registered hereunder, the
Bond Registrar shall authenticate and deliver at the earliest practicable time Bonds in accordance with the provisions
of this resolution. All Bonds surrendered in any such exchange or registration of transfer shall forthwith be canceled
by the Bond Registrar. The County or the Bond Registrar may make a charge for shipping and out-of-pocket costs
for every such exchange or registration of transfer of Bonds sufficient to reimburse it for any tax or other governmental
charge required to be paid with respect to such exchange or registration of transfer, but no other charge shall be made
by the County or the Bond Registrar for exchanging or registering the transfer of Bonds under this resolution. The
Bond Registrar shall not be required to exchange or register the transfer of any Bond during a period beginning at the
opening of business fifteen (15) days before the date of the mailing of a notice of redemption of Bonds or any portion
thereof and ending at the close of business on the day of such mailing or of any Bond called for redemption in whole
or in part pursuant to Section 4 of this resolution.
September 6, 2016 12
As to any Bond, the person in whose name the same shall be registered shall be deemed and regarded as the
absolute owner thereof for all purposes, and payment of or on account of the principal or redemption price of any such
Bond and the interest on any such Bond shall be made only to or upon the order of the registered owner thereof or his
legal representative. All such payments shall be valid and effectual to satisfy and discharge the liability upon such
Bond, including the interest thereon, to the extent of the sum or sums so paid.
The County shall appoint such registrars, transfer agents, depositaries or other agents as may be necessary
for the registration, registration of transfer and exchange of Bonds within a reasonable time according to then current
commercial standards and for the timely payment of principal, interest and any redemption premium with respect to
the Bonds. The Director of Finance and Administration of the County, or any person at any time acting in such
capacity, is hereby appointed the registrar, transfer agent and paying agent for the Bonds (collectively the "Bond
Registrar"), subject to the right of the Board of Commissioners for the County to appoint another Bond Registrar, and
as such shall keep at his office in the County, the books of the County for the registration, registration of transfer,
exchange and payment of the Bonds as provided in this resolution.
Section 6. The County covenants that, to the extent permitted by the Constitution and laws of the State of
North Carolina, it will comply with the requirements of the Internal Revenue Code of 1986 (the "Codd'), as amended
or as may be amended from time to time, and any Treasury regulations now or hereafter promulgated thereunder, to
the extent necessary so that interest on the bond will not be included in gross income of the owners of the bonds for
purposes of federal income tax.
Section 7. The action of the Chairman of the Board, the County Manager, the Director of Finance and
Administration and the Clerk to the Board for the County in applying to the Local Government Commission of North
Carolina to advertise and sell the Bonds is hereby approved, ratified and confirmed, and the Local Government
Commission of North Carolina is hereby requested to ask for sealed bids for the Bonds by publishing notices and
printing and distributing a Preliminary Official Statement relating to the sale of the Bonds. Such Preliminary Official
Statement, to be dated the date of delivery thereof, in substantially the form presented at this meeting, is hereby
authorized and approved. The delivery of such Preliminary Official Statement by the Chairman of the Board, the
County Manager and the Director of Finance and Administration is hereby approved, ratified and confirmed.
The preparation of a final Official Statement (the "Final Official Statement'), which will be in the form of
the Preliminary Official Statement, but will include certain pricing and other information to be made available to the
successful bidder for the Bonds by the Local Government Commission of North Carolina, is hereby approved, and the
Chairman of the Board, the County Manager and the Director of Finance and Administration of the County are hereby
authorized to execute and deliver the Final Official Statement for and on the behalf of the County, and such execution
shall be conclusive evidence of the approval of the Board of the Final Official Statement.
Section 8. The County hereby undertakes, for the benefit of the beneficial owners of the Bonds, to provide
to the Municipal Securities Rulemaking Board (the "MSRB"):
(a) by not later than seven months from the end of each fiscal year of the County, beginning with the fiscal
year ended .lune 30, 2016, audited financial statements of the County for such fiscal year, if available, prepared in
accordance with Section 159-34 of the General Statutes of North Carolina, as it may be amended from time to time,
or any successor statute, or, if such audited financial statements of the County are not available by seven months from
the end of such fiscal year, unaudited financial statements of the County for such fiscal year to be replaced
subsequently by audited financial statements of the County to be delivered within fifteen (t 5) days after such audited
financial statements become available for distribution;
(b) by not later than seven months from the end of each fiscal year of the County, beginning with the fiscal
year ended .Tune 30, 2016, (i) the financial and statistical data as of a date not earlier than the end of the preceding
fiscal year for the type of information included under the headings "THE COUNTY - Debt Information and - Tax
Information" (excluding any information on underlying units) in the Final Official Statement and (ii) the combined
budget of the County for the current fiscal year, to the extent such items are not included in the audited financial
statements referred to in (a) above.
September 6, 2016 13
(c) in a timely manner not in excess of ten business days after the occurrence of the event, notice of any of
the following events with respect to the Bonds:
( I ) principal and interest payment delinquencies;
(2) non-payment related defaults, if material;
(3) unscheduled draws on debt service reserves reflecting financial difficulties;
(4) unscheduled draws on credit enhancements reflecting financial difficulties;
(5) substitution of credit or liquidity providers, or their failure to perform;
(6) adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of
taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect
to the tax status of the Bonds or other material events affecting the tax status of the Bonds;
(7) modification to the rights of the beneficial owners of the Bonds, if material;
(A) bond calls, if material, and tender offers;
(9) defeasances;
(10) release, substitution or sale of any property securing repayment of the Bonds, if material;
(1 I) rating changes;
(12) bankruptcy, insolvency, receivership or similar event of the County;
(13) the consummation of a merger, consolidation or acquisition involving the County or the sale of all or
substantially all of the assets of the County, other than in the ordinary course of business, the entry into a definitive
agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other
than pursuant to its terms, if material; and
(14) appointment of a trustee or a successor or additional trustee or the change of name of a trustee, if
material; and
(d) in a timely manner, notice of a failure of the County to provide required annual financial information
described in (a) or (b) above on or before the date specified.
All information provided to the MSRB as described in this Section shall be provided in an electronic format
as prescribed by the MSRB and accompanied by identifying information as prescribed by the MSRB.
The County may meet the continuing disclosure filing requirement described above by complying with any
other procedure that may be authorized or required by the United States Securities and Exchange Commission.
If the County fails to comply with the undertaking described above, any beneficial owner of the Bonds may
take action to protect and enforce the rights of all beneficial owners with respect to such undertaking, including an
action for specific performance; provided, however, that failure to comply with such undertaking shall not be an event
of default and shall not result in any acceleration of the Bonds. All actions shall be instituted, had and maintained in
the manner provided in this paragraph for the benefit of all beneficial owners of the Bonds.
The County reserves the right to modify from time to time the information to be provided to the extent
necessary or appropriate in the judgment of the County, provided that:
September 6, 2016 14
(a) any such modification may only be made in connection with a change in circumstances that arises from a
change in legal requirements, change in law, or change in the identity, nature or status of the County;
(b) the information to be provided, as modified, would have complied with the requirements of Rule 15c2-
12 issued under the Securities Exchange Act of 1934 ("Rule 15c2-12") as of the date of the Final Official Statement,
after taking into account any amendments or interpretations of Rule 15c2-12, as well as any changes in circumstances;
and
(c) any such modification does not materially impair the interests of the beneficial owners of the Bonds, as
determined either by parties unaffiliated with the County (such as bond counsel), or by the approving vote of the
registered owners of a majority in principal amount of the Bonds pursuant to the terms of this resolution, as this
resolution may be amended from time to time, at the time of such amendment.
In the event that the County makes such a modification, the annual financial information containing the
modified operating data or financial information shall explain, in narrative form, the reasons for the modification and
the impact of the change in the type of operating data or financial information being provided.
The provisions of this Section shall terminate upon payment, or provision having been made for payment in
a manner consistent with Rule 15c2-12, in full of the principal of and interest on all of the Bonds.
Section 9. The Chairman of the Board, the County Manager, the Director of Finance and Administration
and the Clerk to the Board for the County are hereby authorized and directed to execute and delivery such closing
and other documents and take such other actions as may be necessary or appropriate for the purpose of facilitating
the sale and issuance of the Bonds in a manner consistent with the terms of this resolution.
Section 10. This resolution shall take effect upon its passage.
Request from Administration for Approval of a Partial Refund of Permit Fees for
Fort Dobbs: County Manager Ron Smith said Fort Dobbs is going through a redevelopment
project and the first building permits were 52,767.47. This is a request to refund half of the cost of
the permits. Because this is a state project, generally the County would not be involved at all.
However, the County will be involved in this project.
Commissioner Robertson said the fort will be reconstructed in three phases. This is the first
phase and this will help fund raising. This could be a really big draw for Iredell County.
Robby Wilkinson said the permits have been reviewed and given to the contractor. Iredell
County will be performing all of the inspections.
This item was placed on the consent agenda.
Request from Administration to Create and Approve Legislative Goals to be
Submitted to the NCACC by September 23: County Manager Ron Smith said the NCACC
solicits goals every two years. Administration issued a request to county departments for ideas.
The process is in Phase I, which is to solicit goals. Phase II will present each county's goals to
committees who will make recommendations. Those recommendations moves it to Phase III to the
NCACC's legislative goals committee. Phase IV is a review by the NCACC Board of Directors.
Phase V is a vote at the Legislative Goals Conference in January.
Chairman Mallory said the NCACC will focus on broad policies not the very technical
issues. Even the broad policies will only have maybe five out of twenty that will actually be voted
on. Staff will then focus only on the top five when visiting with legislators. They will choose issues
September 6, 2016 15
relative to county boards/school board's relationships, Medicaid percentages, etc. The
recommendations presented from department heads are good but really need to go through the
Department of Public Health and then the Board should take them individually to legislators.
Commissioner Robertson said conservatives have always believed in school choice.
Charter schools are the closest thing to school choice. The intention was to have different teaching
techniques or approaches in order to have many learning laboratories to deliver better education.
However, what is not being seen is the sharing of those ideas. Are charter schools doing a better
job? If so, what are they doing that is different'? It should be shared. If there are rules in place to
prevent this then those rules need to be changed. If they are achieving better performance because
they are able to change the demographics of the student body, so be it. The public systems have
not changed anything based on the learning from charter schools which is one of the fundamental
reasons of them. If using a particular text book or technique is working for them then the public
school needs the freedom to operate in that manner. That is a philosophical approach and is one
that is part of the intent and it is time to free the public system. In other words, level the playing
field. The public system is trying by offering some special programs. In the same wave it would
be nice to see charter school systems challenged to go into the impoverished areas with one -parent
families. It is a broad subject, but the intent of charter schools was to have a choice and learn to
educate children in a different way. If so, it's time to pass it on and free up the public systems to
take advantage of the same.
Commissioner Johnson said there is a degree of antagonism from traditional public schools
towards charter schools. Therefore, charter schools may not be willing to share the secrets of
success. If there is going to be a remedy then there needs to be a change of attitude from the public
schools. The public schools find themselves in a difficult situation. The programs they are trying
to add are on top of all the state/federal regulations. They add new programs to mirror what charters
are doing but they have to do it with local money. A huge portion of their money is spent on
regulations. The greatest fault in sharing information is the open hostility toward charters from
traditional public schools. It is real and it exists. Milton Freeman said, "`The greatest economic
and cultural change that will occur over the next few years is going to be in the way we educate
our children."' Probably within the next five or ten years every Fortune 500 company in this
country will have an apprenticeship program and they have already started. They are not
approaching public schools for those apprentices because the public schools cannot pivot their
curriculum to teach what is relevant to their needs. Charter schools have the ability to do that and
the companies will turn their efforts toward charter schools. If public schools are not deregulated
to the degree that they can pivot to target those students toward jobs for those companies then there
will be two separate cultures and an economic strata that will be worse in twenty years. There
needs to be an effort to deregulate so they can begin to behave with more regulatory latitude in
order to obtain that market.
Chairman Mallory said the purpose of the legislation that was passed to replace "No Child
Left Behind" was designed to push more discretion and ability to adapt and be creative to local
levels.
Commissioner Johnson said there is one thing on the presented list for Food and Lodging
that is creating a problem that needs to be addressed. It has been at least 15 years since those fees
have been adjusted. Basically it has run out of gas on restaurant revenues. It is being subsidized
from Environmental Health. That problem is only going to get worse.
September 6, 2016 16
Commissioner Bowles said another problem with Food and Lodging is the inspection of
swimming pools of hotels/motels. The more growth, the more disparage between funds.
Chairman Mallory suggested asking the Boards of the Mooresville Graded School District
and the Iredell Statesville School System to pass resolutions asking that local jurisdictions be given
more flexibility in their calendar when school starts to align with the community college. It has
been driven by the beach counties to start school later but it should align with the college. If this
isn't sent to the NCACC then it should be done individually with a Board resolution by the
education boards and this board.
No action was needed on this item.
Request Approval of the August 16, 2016 Minutes: There were no corrections to the
minutes.
The Board recessed at 6:45 PM until 7:00 PM regular meeting.
IREDELL COUNTY BOARD OF COMMISSIONERS
REGULAR MINUTES
September 6, 2016
The Iredell County Board of Commissioners met in regular session on Tuesday, September
6, 2016 at 7:00 PM, in the Iredell County Government Center (Commissioners' Meeting Room),
200 South Center Street, Statesville, NC.
Board Members Present
Chairman James B. Mallory III
Vice Chairman Marvin Norman
Tommy Bowles
Steve Johnson
Ken Robertson
Staff present: County Manager Ron Smith, County Attorney Bill Pope, Deputy County
Manager Beth Jones, Finance Director Susan G. Robertson, Attorney Lisa Valdez, and Clerk to
the Board Retha Gaither.
CALL TO ORDER by Chairman Mallory.
INVOCATION: Chairman James Mallory asked everyone to bow their heads for a
moment of silence.
PLEDGE OF ALLEGIANCE led by James Mallory.
ADJUSTMENTS TO THE AGENDA
County Manager Ron Smith said there were no adjustments from staff.
Chairman Mallory said there will be some unfinished business relative to the courthouse
renovations.
PRESENTATION OF SPECIAL RECOGNITIONS & AWARDS
September 6, 2016 17
Chairman Mallory mentioned there were no special recognitions or awards but wanted to
recognize a scout in the audience. Jonathan Richie of Troop 607 was in attendance.
APPOINTMENTS BEFORE THE BOARD
(None)
PUBLIC HEARINGS
Public Hearing to Consider a Request by Jimmy McKnight (McKay Family) to
Release Zoning and Subdivision Jurisdiction to the Town of Mooresville: Planning Director
Matthew Todd said this request is a release of zoning and subdivision jurisdiction to the Town of
Mooresville and it only impacts this particular piece of property. It is currently zoned
Neighborhood Business. This property is already scheduled for annexation with the Town of
Mooresville in December. The proposal of this property is to leave the front portion, 10 Acres, for
commercial use, while developing the rear portion for 71 empty nester homes. The process for
release is first the Board of Commissioners' release and then the Town of Mooresville will assign
zoning before it is actually annexed. This allows development to begin before it is formally
annexed by the Town. This annexation does not involve any neighboring properties.
Chairman Mallory opened the public hearing.
James McKnight of Realco Investment Properties, said he is representing Epcon
Communities. Rich Hearth of Epcon and Wes Smith, Engineer from EHMET were also present.
They are trying to replicate a project that has already been built on Brawley School Road called
the Courtyards at Brawley Point. This is an up -scale, empty -nester product. Mr. McKay will retain
the 10 acres on the front at Brawley School Road. Epcon is seeking to purchase 28 acres at the rear
of the property for high-end, up -scale, empty -nester homes for buyers who may want to step down
from a larger house as they are approaching retirement age. This group would have very little
impact on traffic during peak times of the day and will have no impact on schools. This is a great
tax revenue producer.
Commissioner Bowles asked about the size of the homes.
McKnight said they will run between 1,800 and 2,400 square feet. Some will have a bonus
room upstairs. They are single-family detached homes. A very unique feature is a solid masonry
wall on one side. The adjacent home will have a courtyard that will face that wall so that the
courtyard will be private. It is an award winning design. There are many subdivisions of this type
in the Charlotte area.
An unidentified person from the audience asked about the entrance to the development and
if it would eventually connect to the plaza.
McKnight said two entrances will probably be off of Blume Road and there are no plans
to connect to the plaza.
Quinton Geary asked if the project would have any influence on the traffic light that was
just installed on Brawley and Blume Road.
McKnight said no.
Karen Cush asked about the annexation and if it would affect the other subdivisions.
September 6, 2016 18
Chairman Mallory said it is only the property in question.
Chairman Mallory closed the public hearing.
MOTION by Commissioner Bowles to approve the release of zoning and subdivision
jurisdiction to the Town of Mooresville by Jimmy McKnight, representing the McKay family.
VOTING: Ayes — 5; Nays — 0
Public Hearing to Consider a Request from Charlotte Ski Boats to Rezone 6.52 Acres
at 1200 Brawley School Road from NB CUD to HB CD: Planning Director Matthew Todd said
this property is 6.5 acres currently zoned Neighbor Business Conditional Use District. It is adjacent
to existing commercial and will be an addition to the existing business on the property. Staff
supports this request based on the 2030 Horizon Plan which calls for this area to be corridor
commercial with limited uses and traffic impacts will not exceed capacity. The Planning Board
voted 7-0 to approve this request. The current building is an old fire department and the property
with the building has been annexed by the Town of Mooresville. This request is conditional which
means they must abide by the site plan that has been proposed.
Commissioner Johnson said the ordinance requires a buffer and asked if the natural wooded
area would suffice as a buffer or if anything else would be required of the applicant.
Todd said there will be a requirement for landscaping on Brawley School Road and the
code does require screening and buffer along the residential areas. Many times existing screenings
can be used but at any point the Planning Department feels it does not meet the density requirement
for screening then the property owner would have to make adjustments.
Commissioner Johnson asked if that decision was left to the applicant or does the Planning
Department dictate what can be used.
Todd said the code gives options but it is up to staff to make a judgement call to whether
or not it meets the requirements.
Commissioner Bowles asked when the screening requirement goes into effect.
Todd said typically those requirements go into play when they start using the property.
Unfortunately, this property is already in use. Therefore as soon as the rezoning is approved the
owner will need to move forward on submitting a site plan with all of the requirements met and
with the screening and buffer. The buildings will be phased in.
Commissioner Johnson asked if the ordinance addresses lighting.
Todd said the ordinance is vague in the way it's phrased. Basically, lights are not supposed
to shine on adjacent property. Staff will work with the applicant to ensure lights shine toward the
interior of the property.
Chairman Mallory asked if the proposed buildings would be for storage and/or
maintenance.
Todd said they would be used for storage, maintenance and repair. There is nothing that
would prohibit some boats outside but they would have to stay within the confined areas outside
of the roadway and landscaped yard. It is the intent to keep boats in a covered area.
September 6, 2016 19
Chairman Mallory asked if DOT would add a buffer to the right-of-way area.
Todd said in theory a buffer could be added but not sure how much luck they would have
in convincing DOT to do that.
Chairman Mallory opened the public hearing.
Lee Levandowski, owner of Charlotte Ski Boats, said they purchased the old fire station
several years ago and had to rezone. The business was smaller then but has grown and additional
property is needed. The plan is to store the boats inside and make the property look more of a
Trump appearance. Currently they are working with the Trump Golf Course for all of the water
activities along with other major clientele from The Point. It is a very large investment project with
very nice landscaping to duplicate other area businesses. They are part of the 20 -Group, which is
the 20 best dealers in the United States. All of the design work has already been done in other
areas.
Commissioner Robertson asked about a timeframe for the build out.
Amanda Levandowski (owner) said they have a ten year plan for the buildings. Phase I is
to build one storage building. Some landscaping has already begun but there will be more clean-
up and more landscaping also in the first phase. Results should be seen in less than 12 months.
Don Horton, Jr., a presentative of Row Limited, who currently owns the property and is
leasing to Charlotte Ski Boats, was present to lean support.
Chairman Mallory closed the public hearing.
Commissioner Johnson stated that because many conditions that were to be added were
added during the public hearing and incorporated into the ordinance and because the applicant has
agreed to the conditional use district, he is very comfortable with the recommendation from the
Planning Board. This will be a great improvement of the property and will add a significant
improvement to the appearance of the corridor. It appears the applicant has a good business plan
and will proceed with prudence as the market allows. Johnson feels confident the applicant will
bring to fruition what has been presented.
MOTION by Commissioner Johnson to recommend in favor of the zoning map amendment
and to make a finding that the approval is consistent with the adopted 2030 Horizon Plan and that
said approval is reasonable and in the public interest and furthers the goals of the 2030 Horizon
Plan because it is adjacent to commercially zoned property, only limited uses are allowed, and the
traffic impacts will not exceed road capacity.
VOTING: Ayes — 5; Nays — 0
Public Hearing on a Proposed Installment Contract Financing to Refinance and
Adopt a Resolution Approving and Authorizing an Installment Contract Financing by the
County: Finance Director Susan Robertson stated that in March of 2008, the County issued over
$108,000,000 in Certificates of Participation which is a financing tool that does not pledge the full
faith and credit of the County. It does not require a referendum. A Deed of Trust is given to the
properties being financed, very similar to a home mortgage. At that time the need was great to
renovate and build additional school classrooms and it was a time when interest rates were
probably the highest seen in a long time. Those coupons issued averaged about 5.04%. Staff has
been waiting for interest rates to lower in order to realize some savings and then refinance (refund)
September 6, 2016 20
those bonds. At this point the County has about $75,000,000 remaining on the 2008 bonds and the
County can refund the 2018-2028 maturities on those bonds at a true interest cost estimated at
1.68% for a cash flow savings at $11.3 million or a net present value savings of about $9.9 million.
It does not extend the life of the debt as they will pay out in 2028. Part of the required process is
to conduct document review meetings with legal and bond council. Within the next few weeks
there will be a preliminary review statement in preparation for the October bond sale. During the
prior week there were three rating agency calls from Moody's, Standard & Poor, and Fitch. They
gave very good feedback. One agency said Iredell County is operating as a Triple A credit. The
County is as high as it can get before a Triple A rating. However, there are some metrics that would
be very difficult for the County to achieve, all to do with the wealth of the County. But some of
the positive things they pointed out were diversity in industry and agriculture, the fiscal policies
the Board has adopted through the years, the philosophy of the Board, as well as the Board's
reaction to economic downturns. Bonds have been issued in the last couple of years and all were
impressed that during a time when economic downturn the County was able to provide all the
services citizens required without digging too deeply into the fund balance along with what has
been done to build the fund balance since that time.
Commissioner Robertson asked what sort of drop in interest rates justifies the refinancing.
Finance Director Robertson said it was considered in 2014 but at that time it was less than
6% net present value savings and the Local Government Commission in Raleigh won't consider
anything less than 3%. At that time, since the County was further away from the redemption date,
the Board decided to pull it because it was believed that interest rates would not increase as quickly
as refinancing at that time would have resulted in. It was a bet that interest rates would not increase
substantially and possibly decrease and the savings would get better closer to the redemption date.
Commissioner Robertson asked if the interest were to drop to zero or even into to a
negative, would the County go through this effort again on this set of bonds. Also, what happens
to the money?
Finance Director Robertson said probably not but cannot say absolutely. The 1.68% does
include all closing cost, trustees, bond ratings, etc. The debt payments are part of the school capital
outlay formula so it will be up to the Board to make changes. It could continue as capital outlay to
pay for pay -go projects that both systems have or the Board could change the designation.
Robertson failed to mention earlier but wanted to point out that the original deal also included the
financing of a 189 acre tract of land adjacent to the existing landfill in Statesville. The new bonds
will only have a Deed of Trust on Mooresville Middle School. That middle school alone will
provide about 50% of the total refunding. Until which time the original bonds are paid in full,
Cloverleaf Elementary will have a Deed of Trust to secure those remaining bonds.
Chairman Mallory opened the public hearing.
No one from the public spoke.
Chairman Mallory closed the public hearing.
Vice Chairman Norman introduced the "Resolution Approving and Authorizing an
Installment Contract Financing by the County of Iredell, North Carolina through the Issuance of
Not Exceeding $68,000,000 Limited Obligation Refunding Bonds, Series 2016 and the Execution
September 6, 2016 21
and Delivery of a Trust Agreement, a First Supplemental Trust Agreement, a Deed of Trust and
Related Documents in Connection Therewith."
Finance Director Robertson said the resolution also authorizes the Chairman, the Vice
Chairman, the County Manager, Clerk to the Board, County Attorney, and Finance Director to
sign and execute the documents that will be required and resulting from this refunding.
OTION by Vice Chairman Norman to adopt the "Resolution Approving and Authorizing
an Installment Contract Financing by the County of Iredell, North Carolina through the Issuance
of Not Exceeding $68,000,000 Limited Obligation Refunding Bonds, Series 2016 and the
Execution and Delivery of a Trust Agreement, a First Supplemental Trust Agreement, a Deed of
Trust and Related Documents in Connection Therewith."
VOTING: Ayes — 5; Nays — 0
Chairman Mallory reiterated the huge savings that will be realized over the balance of the
term of this obligation. Every time the County lets a bond the rating agencies must evaluate the
County. Iredell County can be very proud of the finance staff, management team, and preceding
boards who, even through economic trials, maintained services to citizens. Mallory expressed his
thanks to the staff and preceding boards.
Commissioner Robertson added that this is the result of decades of a conservative approach
by this board. One reason why the County has a healthy fund balance is because of prudent and
responsible Department Directors didn't spend their budgets under the leadership of Joel
Mashburn and Ron Smith. Robertson expressed his thanks to everyone, especially the finance staff,
who had a hand in saving $10 million that will stay inside Iredell County which is a reason to
celebrate.
RESOLUTION APPROVING AND AUTHORIZING AN INSTALLMENT CONTRACT
FINANCING BY THE COUNTY OF ►REDELL, NORTH CAROLINA THROUGH THE
ISSUANCE OF NOT EXCEEDING $68,000,000 LIMITED OBLIGATION REFUNDING
BONDS, SERIES 2016 AND THE EXECUTION AND DELIVERY OF A TRUST
AGREEMENT, A FIRST SUPPLEMENTAL TRUST AGREEMENT, A DEED OF TRUST
AND RELATED DOCUMENTS IN CONNECTION THEREWITH
BE IT RESOLVED by the Board of Commissioners (the "Board") for the County of Iredell, North Carolina
(the "County"):
Section 1. The Board does hereby find and determine as follows:
(a) The County has heretofore entered into an Installment Financing Agreement, dated as of March 1, 2008
(the "2008 Agreement"), with Iredell County Public Facilities Corporation, a North Carolina nonprofit corporation
(the "Corporation"), pursuant to which the County financed (a) certain public school improvements consisting of
construction, acquisition, improvement, renovation and equipping of Celeste Henkel Elementary School, East Iredell
Elementary School, Cloverleaf Elementary School, Shepherd Elementary School, South Iredell High School,
Statesville High School, Rocky River Road Elementary School and Mooresville Middle School and (b) the
acquisition of an approximately 189 -acre tract of land to provide for expansion of the County's solid waste disposal
facility. At present, the principal amount of the County's remaining obligations under the 2008 Agreement is
$75,535,000.
The County desires to refinance all or a portion of the remaining principal obligations under the 2008
Agreement.
September 6, 2016 22
(b) After a public hearing and due consideration, the County has determined that the best manner of such
refinancing will be through an installment contract financing arrangement pursuant to the provisions of North
Carolina General Statute 160A-20, such arrangement to be carried out through the issuance by the County of its
Limited Obligation Refunding Bonds (the `Bonds") in a principal amount of not to exceed $68,000,000. The Bonds
will be issued under a Trust Agreement, to be dated as of December 1, 2016 (the "Trust Agreement"), between the
County and U.S. Bank National Association, as trustee (the "Trustee"), as supplemented by a First Supplemental
Trust Agreement, to be dated as of December 1, 2016 (the "First Supplemental Trust Agreement"), between the
County and the Trustee.
(c) In order to secure the performance of its obligations with respect to the Bonds under the Trust Agreement,
the County will execute and deliver a Deed of Trust, to be dated as of December 1, 2016 (the "Deed of Trust"),
granting a lien of record on Mooresville Middle School, and, to the extent necessary or convenient to carry out the
transaction, all or a portion of the sites of the other school properties acquired or improved with funds provided under
the 2008 Agreement, together with all improvements and fixtures located and to be located thereon (the final
determination of the properties to be subject to the Deed of Trust to be determined as set forth herein).
(d) The Bonds will initially be sold to Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup
Global Markets, Inc. (collectively, the "Underwriters"), pursuant to the terms of a Bond Purchase Agreement, to be
dated the date of delivery thereof (the `Bond Purchase Agreement"), among the County and the representative of the
Underwriters.
(e) In connection with the offering and sale of the Bonds by the Underwriters, there will be prepared and
distributed to potential investors a Preliminary Official Statement, to be dated as of the date of delivery thereof (the
"Preliminary Official Statement"), relating to the offering and sale of the Bonds, and the Official Statement
(hereinafter defined).
(f) In order to provide for the safekeeping and investment of the proceeds of the Bonds pending the
application thereof to the retirement of the County's obligations under the 2008 Agreement, the County and the
Corporation will enter into an Escrow Deposit Agreement, to be dated as of December 1, 2016 (the "Escrow
Agreement") with U.S. Bank National Association, as escrow agent (the "Escrow Agent").
(g) There have been presented to the Board drafts of the following documents relating to the transaction
hereinabove described:
thereto;
(1) the Trust Agreement;
(2) the First Supplemental Trust Agreement, including a form of the Bonds attached as Exhibit A
(3) the Deed of Trust;
(4) the Bond Purchase Agreement;
(5) the Preliminary Official Statement; and
(6) the Escrow Agreement.
Section 2. In order to provide for the refinancing of the County's obligations under the 2008 Agreement as
described above, the County is hereby authorized to enter into the Trust Agreement and the First Supplemental Trust
Agreement and to issue the Bonds thereunder in a principal amount not to exceed $68,000,000. The Bonds shall
mature, shall bear interest at such rates, and shall be subject to redemption as set forth in the Trust Agreement and the
First Supplemental Trust Agreement. The Bonds shall bear interest at such interest rates or yields that, together with
the sale prices to that County described in Section 3, shall result in a true interest cost to the County of not to exceed
four percent (4%). The final maturity of the Bonds shall not be later than June 1, 2028.
September 6, 2016 23
Section 3. The Bonds shall be sold to the Underwriters pursuant to the terms of the Bond Purchase
Agreement. The Bonds may be sold to the Underwriters at a discount below the amount of the principal amount of
the Bonds, such discount not to exceed one percent (1%) of the principal amount of the Bonds; provided, however,
that if all or any of the Bonds are to be sold to the public by the Underwriters at original issue discount (resulting in
lower interest costs of the interest component of the debt service payments on the Bonds), then the Bonds may be sold
at a further discount in the amount necessary to cover such original issue discount.
Section 4. The Board hereby approves the forms of the Trust Agreement, the First Supplemental Trust
Agreement, the Deed of Trust, the Bond Purchase Agreement, the Escrow Agreement and the Bonds in substantially
the forms presented at this meeting. The Chairman of the Board, the Vice Chair, the County Manager and the Director
of Finance and Administrative Services are each hereby authorized to execute and deliver the Trust Agreement, the
First Supplemental Trust Agreement, the Deed of Trust, the Bond Purchase Agreement, the Escrow Agreement and
the Bonds on behalf of the County in substantially the forms presented at this meeting, containing such insertions,
deletions and filling in of blanks as the person executing such documents shall approve, such execution to be
conclusive evidence of approval by the Board of any such changes. The Clerk to the Board or any assistant or deputy
Clerk to the Board is hereby authorized to affix the official seal of the County to said documents and to attest the same
to the extent required.
The County Manager and Director of Finance and Administrative Services are hereby authorized to
determine on behalf of the County which of the school properties referred to in Section Ile) shall be subject to the lien
of the Deed of Trust. The properties selected shall be such properties as such officers determine are reasonably
necessary or expedient in order to provide adequate security for the Bonds such that the Bonds can be sold at optimal
interest rates for the County.
The Chairman of the Board, the Vice Chair, the County Manager and the Director of Finance and
Administrative Services are each hereby authorized to execute and deliver on behalf of the County any amendments
or supplements to the existing lease agreements between the County and the Iredell-Statesville Schools Board of
Education or the Mooresville Graded School District Board (as the case may be) with respect to the school properties
financed under the 2008 Agreement as shall be necessary or desirable to facilitate the transaction contemplated by this
resolution.
Section 5. No deficiency judgment may be rendered against the County in any action for breach of any
contractual obligation with respect to the Bonds or under the Trust Agreement and the First Supplemental Trust
Agreement, and the taxing power of the County is not and may not be pledged directly or indirectly to secure any
moneys due with respect to the Bonds or under the Trust Agreement.
Section 6. The Board hereby approves the form of the Preliminary Official Statement in substantially the
form presented at this meeting and the distribution thereof by the Underwriters in connection with the offering and
sale of the Bonds. Upon the sale of the Bonds to the Underwriters, a final Official Statement, to be dated as of the
date of the Bond Purchase Agreement (the "Official Statement"), will be prepared substantially in the form of the
Preliminary Official Statement and will contain such information relating to the pricing terms of the Bonds and such
additional information as may be necessary. The Board hereby approves the execution and delivery of the Official
Statement on behalf of the County by the Chairman of the Board, the County Manager and the Director of Finance
and Administrative Services and the distribution thereof by the Underwriters in connection with the offering and sale
of the Bonds.
Section 7. The Chairman of the Board, the County Manager, the Director of Finance and Administrative
Services and the Clerk to the Board, and any other officers, agents and employees of the County, are hereby authorized
and directed to deliver such certificates, opinions and other items of evidence as shall be deemed necessary to
consummate the transactions described above.
Section 8. The County Manager and the Director of Finance and Administrative Services are hereby
authorized to cooperate with the Underwriters in preparing and filing such filings under state securities or "blue sky"
laws as the Underwriters may request; provided, however, that the County shall not be required to consent to the
jurisdiction of any state in which it is not now subject unless the County Attorney shall determine that such consent is
in the best interest of the County.
September 6, 2016 24
Section 9. This resolution shall take effect immediately upon its passage.
ADMINISTRATIVE MATTERS
County Manager Ron Smith summarized the consent agenda as follows:
• Request from the Sheriff's Department for approval to receive the 2017 JAG Grant in the
amount of $15,029.00.
• Request from the Sheriff's Department for approval of a sole source purchase of Taser
replacements and a five-year replacement agreement.
• Request from the Planning Division for 20% in matching funds for a study of a North/South
parkway in southern Iredell County not to exceed $3,750.00.
• Request from the Finance Department to demolish nine houses on Short Street and Tradd
Street.
• Request from the Finance Department to demolish two houses on Harrill Street and Davie
Avenue.
• Request from the Finance Department for adoption of a resolution providing for the
issuance of not to exceed $19,000,000 in General Obligation School Bonds, Series 2016.
• Request from Administration for approval of a partial refund of permit fees for Fort Dobbs
totaling $1,383.74.
• Request for approval of the August 16, 2016 minutes.
OTION by Commissioner Robertson to approve the consent agenda.
VOTING: Ayes — 5; Nays — 0
ANNOUNCEMENT OF VACANCIES OCCURING ON BOARDS & COMMISSIONS
(None)
APPOINTMENTS TO BOARD AND COMMISSIONS
JCPC (2 Appointments)
OTION by Commissioner Johnson to nominate Sayna Rouson and Joseph Barone, to
close the nominations and appoint Reason and Barone by acclamation.
VOTING: Ayes — 5; Nays — 0
UNFINISHED BUSINESS
Chairman Mallory said there is additional information concerning the proposed
renovations at the Hall of Justice that is precipitated by the new jail project which will include
moving monuments, flag pole, and building a ramp outside. But also, on the interior by moving
walls.
Commissioner Johnson stated that at a previous meeting there was a lengthy discussion
over flipping the entrance at the Hall of Justice. The Board had some concerns about the cost. A
conversation with Major Connolly and Clerk of Court Jim Mixson has led to further research about
moving an interior wall. A great deal of money is being spent to help get people to the Courthouse
only to have difficulty traversing through the Courthouse. Johnson said Mixson had some ideas to
September 6, 2016 25
assist in saving money on this project, but still meet the needs. Also, David Saleeby contacted
contractors and code enforcement for more direct information. The current proposal is an
alternative way to complete the project substantially less than the original proposal. Johnson
thanked staff for the research and work on this proposal.
Project Manager David Saleeby said the project was originally proposed between $75,000
and $100,000 to move two walls inside the courthouse. There was a discussion about issues above
the ceiling. The wall in question is the one on the right from the North entrance. Building standards
staff has engineered out the issues and brought the cost of the project to less than $47,000. The
original proposal had two doors going into the office behind the wall, but changing that to one
double door saved space and money.
Commissioner Johnson stated one of the concerns was the overcrowding at one of the doors
on a busy court day, but moving the wall would alleviate that issue. Johnson asked if the issues
above the ceiling would be encapsulated where the work is being done.
Saleeby said yes or it will be untouched.
Chairman Mallory thanked Johnson and staff for working diligently on a solution to this
project
County Manager Ron Smith said a motion is needed. At the last meeting most of the
renovations were approved except this wall and the trees.
Commissioner Johnson clarified he still has a problem with the trees but is comfortable
with this proposal for the wall renovation. He thanked the County Manager, David Saleeby, Major
Bert Connolly, Jim Mixson, Lynn Niblock, and Terry Miller for all the work on this project. This
accomplished the Board's wishes along with preserving the safety and convenience of the courts
and citizens.
MOTION by Commissioner Johnson to approve the recommendation of David Saleeby as
outlined on the spreadsheet at a cost of $111,880.00.
VOTING: Ayes — 5; Nays — 0
PUBLIC COMMENT PERIOD
NEW BUSINESS
(None)
COUNTY MANAGER'S REPORT
County Manager Ron Smith updated the Board on the following items:
• Reminder there will be a meeting on Thursday at 5:30 PM at the Hall of Justice to inform
employees and concerned citizens of the work that will be going on.
• The Jail and Public Safety Contracts are signed and out the door.
• The Clerk to the Board has been working diligently with a new agenda management
program called Provox Systems. There will be changes soon.
• An announcement and recognition —The Parks/Recreation Department began a discussion,
over a year ago, about the North Iredell Park and the fact that the project just never got off
the ground. New opportunities came forth and the County was able to take ownership of
September 6, 2016 26
the old Sertoma Park and adjacent 50 acres. As part of that plan certain funding
mechanisms had to take place to move forward. One was a PARTF Grant to which the
department applied. This grant was awarded on August 25 to Iredell County in the amount
of $419,000 going toward the new Jennings Park. This was the number one ranked project
out of the 66 that were submitted. This was a lot of hard work and Smith publically thanked
Michelle Hepler and staff for their diligence.
Chairman Mallory expressed his thanks as well.
Vice Chairman Norman thanked Hepler for the invitation as it was a very enjoyable trip to
Raleigh to hear the awarding of the grant. He suggested that should there be another opportunity
to apply for such a grant and be awarded that other staff and Board members should attend.
CLOSED SESSIONS
The Chairman recessed the meeting into Closed Session at 8:20 PM for Economic
Development G.S. 143-318.11 (a) (4); Property Acquisition G.S. 143-318.11 (a) (5); and Attorney -
Client G.S. 143-318.11 (a) (3).
The Board returned to open session at 10:03 PM.
MOTION by Commissioner Robertson to extend the previous contract for Star Hagen
Aerospace Components, LLC for an additional 180 days.
VOTING: Ayes — 5; Nays — 0
ADJOURNMENT
OTION by Commissioner Johnson to adjourn at 10:05 PM. (The next meeting will be
Tuesday, September 20, 2016, 7:00 PM, in the Commissioners' Meeting Room, Pre -Agenda
Discussion at 5:30 PM in the South Wing Conference Room, Government Center, 200 South
Center Street, Statesville, NC)
VOTING: Ayes — 5; Nays — 0
Date Approved
Retha C. Gaither, Clerk
September 6, 2016 27