1983-07-11 RM Exhibits
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RESOLUTION OPPOSING THE ABANDONMENT
OF THE RAIL LINE BETWEEN WILMINGTON AND
NEW BERN BY SEABOARD SYSTEM RAILROAD, INC.
WHEREAS, rail lines are an important component of southeastern North
Carolina's total transportation system, and
WHEREAS, adequate rail facilities are vital to the economic well-being
of southeastern North Carolina, and
WHEREAS, the availability of adequate rail facilities is an important
consideration in the industrial site selection process, and
WHEREAS, the provision of an adequate rail line between Wilmington
and Jacksonville is critical to ensure the efficient transport of cargo between
the Wilmington Terminal of the State Ports Authority and the Camp Lejeune
Marine Corps Base, and
WHEREAS, the Seaboard System Railroad, Inc. has issued a Notice of
Intent to abandon 89.17 miles of railroad in New Hanover, Pender, Onslow,
Jones and Craven Counties, North Carolina, extendinq from railroad Milepost
ACB-249.5 near Coastal. North Carolina, to Milepost ACB-330.17 at New Bern,
North Carolina and from Milepost ACD-294.8 at Jacksonville, North Carolina,
to Milepost A.CD-303.3 at Camp Lejeune,. North Carolina. Now therefore be it
RESOLVED THAT the Board of Commissioners of New Hanover County does
hereby oppose the abandonment of the rail line between Wilmington and New Bern
by Seaboard System Railroad, Inc.; and be it further
RESOLVED THAT the Board of Commissioners of New Hanover County does
hereby authorize the Chairperson of New Hanover County to file a written protest
to the proposed abandonment of the rail line between Wilmington and New Bern
by Seaboard System Railroad, Inc.
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NEW HANOVER COUNTY
LAR RY J. POWE LL
Tax Administrator
OFFICE OF THE TAX ADMINISTRATOR
320 CHESTNUT STREET
WILMINGTON, NORTH CAROLINA 28401-4090
Telephone (919) 763-0991
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NEW HANOVER COUNTY TAX COLLECTIONS
Collections thru June 30, 1983
1982
1981
Charged Per Scroll
Discoveries Added
$ 17,199,745.99
2..1....851,251.92
$ 20,050,997.91
69,042.26
$ 19,981,955.65
-19,385,374.53
$ 596,581. 12
97.01%
$ 16,411,131. 85
2,758,068.63
$ 19,169,200.48
104,094.58
$ 19,065,105.90
-18,510,636.90
$ 554,469.00
97.09%
Less Abatements
Total Taxes Due
Collections to Date
Outstanding Balance
Percentage Collected
Back .Taxes
Real Estate Taxes
Less Abatements
Collections to Date
Outstanding Balance
Percentage Collected
$ 579,115.02 $ 475,767.69
1,233.58 2,910.89
281,570.41 229,678.21
$ 296,311.03 $ . 243,178.59
48.72% 48.57%
$ 767,006.68 $ 637,438.18
26,496.27 26,926.99
96,305,38 96,001. 91
$ 644,205.03 $ 514,509.28
13.01% 15.72%
Personal Property Taxes
Less Abatements
Collections to Date
Outstanding Balance
Percentage Collected
Total money processed through Collection Office for New
Hanover County, City of Wilmington, Wrightsville Beach,
Carolina Beach and Kure Beach to date - $28,529,579.16.
This report is for fiscal year beginning July 1, 1982.
Respectfully submitted,
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Patricia J. kiynor
Collector of Revenue
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I INTERNATIONAL ASSOCIATION OF ASSESSING OFFICERS
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MEMORANDUM
TO:
Mr. G. Felix Cooper
County Manager ~
Larry J. Powe .
Assistant to ~x Administrator
FROM:
SUBJECT: Abatements and Refunds
DATE: July 5, 1983
Request the following taxes be released as the taxpayers
reported incorrect or incomplete information at the time
of listing:
1. Blake, Peggy
2. Confederate Gun Shop
3. Grathwol, William Hawley
4. Harrington, Gerald Danning
5. Heidt, Janet Ann
6. Housing Authority
7. Jones, Ocie James
8. Tindall, Wanda Fay
9. Webb, R. K.
10. Wright, John Laurens Jr.
$ 27.11 (Refund)
475.85
31.08
206.07
80.14
8,497.71
10.41
2.00
6,210.00
57.47
Request the following taxes be released as they are
double-charged:
1. Hudgens, Margaret B.
2. Kelly, Lois W. Everette M.
3. Yarborough, Janie Williams
$
90.34
18.31 (1980 & 1981)
33.35
Request the following taxes be released as the property is
not located within city or town limits:
1. Huffine, David E.
$
55.04 (1981)
Request the following taxes be released as these charges
are due to clerical errors of mispricing vehicles:
1. Jones, James E.
$
6.24
Request taxes in the amount of $53.40 for the years 1980
through 1982 charged to the Oleander Company be refunded
as this is exempt property owned by the City of Wilmington.
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Mr. G. Felix Cooper
Page 2
July 5, 1983
Request these items be placed on the consent agenda for
the County Commissioners' meeting of July 11, 1983. I
recommend approval of these abatements as the Commissioners
have approved these types of releases in the past.
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Copy: Mrs. Lucie Smith
Clerk to the Board
Mr. Robert Pope
County Attorney
Mr. Harry Brooks
Listing Supervisor
Mrs. Pat Raynor
Collector of Revenue
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First Union Leasing Group
First Union Plaza CORP-g. Charlotte. NC 28288 ~.":1
704/374-4900 ~
Ju 1 y 11, 1983
Mr. Andrew J. Atkinson
Finance Director
New Hanover County
320 Chestnut Street, Room 512
Wilmington, North Carolina 28401
Dear Andy:
It is a pleasure to inform you that we offer to enter into a lease/purchase
transaction with you under the terms of the Equipment Lease/Purchase Agreement
dated as of May 18, 1983, between First Union National Bank as Lessor, and New
Hanover County, North Carolina, as Lessee, and upon the following additional
terms and conditions:
EQUIPMENT: Boiler and Stoker Equipment, Cranes, and other recovery facility
equipment to be delivered in calander 1983 and the first quarter of 1984.
LOCATION: Solid Waste Recovery Facility, Highway 421, Wilmington, North
Carolina.
COST OF EQUIPMENT: Approximately $4,000,000.00.
TERM OF LEASE: Sixty (60) months from date of scheduling.
INTERIM FINANCING AND RENT:-
Alternative A: The cost of the equipment ($4,000,000) will be deposited in an
Escrow account and equipment progress payments will be paid by the Trustee to
the vendor/builder during the construction period. The Trustee shall deposit
monies in instruments of deposit co-terminus with the progress payment dates
and will, with such deposits, attempt to create a postive spread of interest
between Lessor's rate and the investment rate. Trustee shall provide, on a
monthly basis, a printout reflecting all earnings and disbursements on said
funds. At the end of the construction period the Escrow Fund will be
liquidated and all positive earnings will be applied to reduce the equipment
cost. The net figure will be amortized over a sixty (60) month term schedule
FIRST UNION LEASING GROUP: First Union National Bank/First Union Commercial Corporation
with monthly payments based on a factor of .020557 or a rate of 8.9%.
Alternative B: Through an Interim Rental Agreement, Lessor shall make
progress payments to the builder/vendor according to an equipment progress
schedule determined by both Lessor and Lessee. Interest will be calculated on
each advance based on a rate of interest l.9% over the Soloman Brothers five
(5) year Municipal Bond Index and total interest due Lessor will be paid by
Lessee quarterly. Once the construction period is complete and the Lessee
accepts all equipment, the net capatilized cost will be amortized on a sixty
(60) month schedule at a rate of interest fixed at 1.9% over the five (5) year
index as stated at the time of scheduling.
The above alternatives are not offered as a choice but rather as a statement
of fact to state that if Alternative A does not, in Lessor's sole discretion
prove feasible because of legal constraints, then Alternative B will apply.
INSURANCE PROCEDURES: Asset forth in the attached Exhibit A.
EXPIRATION DATE OF THIS COMMITMENT: September 30, 1984.
We may terminate our obligations under this letter agreement upon the
expiration date if the equipment has not been accepted by you and the
necessary schedule or schedules have not been executed. At such time, you
shall be liable to purchase from us such equipment as we have purchased, or
have become obligated to purchase.
It is understood that we are not bound by the oral or written statement of any
employee or agent of ours, and. that our obligations are contained only in this
letter or any amendment to it in writing, signed by our authorized officer.
I
If you agree to enter into a leasing transaction on the terms set forth in
this letter, in the Equipment Lease/Purchase Agreement and in the schedules,
please indicate your acceptance by delivering the following to us within
fifteen (15) days from the date of this letter:
l. The enclosed.original of this letter executed by you;
2. The original and one copy of the enclosed Equipment Lease/Purchase
Agreement executed by you; .
3. The enclosed Incumbency Certificate;
4. The Attorney's Opinion prepared on his stationary;
5. A certified copy of the Board Resolution;
6. A letter from you describing the essential use of the equipment;
7. The enclosed UCC financing statements;
8. A copy of the Maintenance Agreement; and
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9. A Commitment Deposit equal to one percent (l%) of the cost the
equipment. This deposit will be applied to the Lease Schedule when the
equipment is accepted. If Lessee decides not to fund some of the
equipment under this commitment, the pro-rata portion of the deposit
effected will be retained by First Union National Bank as fee. If
Alternative A in the Interim Financing and Rent paragraph is used then
the Lease deposit will be deposited in the Escrow Fund along with the
cost of the equipment and will be applied to the Lease Schedule when
the Escrow Fund is liquidated.
By your acceptance hereof, you agree that this letter becomes a part of the
Equipment Lease/Purchase Agreement referenced above.
Please be assured that we shall be certain that you receive the best and most
efficient leasing service.
Sincerely,
FIRST UNION NATIONAL BANK
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Ray F. Smith
Assistant Vice President
RFS/ld
We hereby agree to enter the equipment leasing transaction described above on
the terms and conditions set forth above and agree that the foregoing letter
shall be a part of the Equipment Lease/Purchase Agreement referred to in such
letter.
DATED:
Jyly 14, 1983
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INSURANCE PROCEDURE
The leased equipment is to be covered by insurance in form and amount and with
a company or companies approved by us. Evidence of such insurance is to be
furnished to us. A signed copy of the policy and any endorsements are
required.
First Union National Bank is to be named as Loss Payee on a properly executed
long form Lender1s Loss Payable Endorsement attached to the policy. An
endorsement shall also be attached to the policy naming First Union National
Bank as Additional Insured.
Please supply us with evidence of the coverage or coverages marked below:
X PHYSICAL DAMAGE - Coverage against all risks of direct physical
loss or damage for the actual cost to us of the equipment
described in the attached letter agreement. Notwithstanding any
exclusion in your insurance coverage, you shall be liable for
loss or damage of the equipment from every cause whatsoever as
set forth in the Lease.
COLLISION - Coverage for damage or loss to the equipment as a
result of collision in the amount of $
deductible.
x
LIABILITY - Coverage shall be at least $ 250,000.00
$ 500,000.00 for Bodily Injury and $ 100,000.00
Property Damage.
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for
X BOILER INSURANCE - Coverage on a Broad Form Boiler Policy shall
be at lea~t $ at cost
All polici~s of insurance must provide for thifty (30) days notice of
cancellation to First Unibn National Bank. The policy furnished to us must
carry such an endorsement.
The l~ased equipment must also be covered by the coverage o~ coverag~s marked
above duririg shipment to and prior to installation in your plant.
Evidence of the foregoing coverage shall be enclosed by you with the return of
the executed copy of the Commitment Letter.
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RESOLUTION
OF THE
BOARD OF COUNTY COMMISSIONERS
OF
NEW HANOVER COUNTY
DATE:
REGULAR j.GlENDA
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1lTEM No.
WHEREAS, the Board of Commissioners has determined that
retirement benefits can be efficiently provided to County
employees through the use of annuity contracts: and
WHEREAS, the North Carolina General Assembly has
authorized such a procedure by Chapter 550 of the 1983 Session
Laws:
NOW, THEREFORE, BE IT RESOLVED, that the Retirement
System of New Hanover County, North Carolina, which was estab-
lished by Chapter 669 of the Session Laws of 1943, be terminated
effective June 30, 1983;
RESOLVED, that the full accrued benefit of any active
member and the payments being made to retired members or their
beneficiaries be provided through the purchase of non-
transferable annuity contracts:
RESOLVED, that any such annuity contracts shall be
purchased from an insurance company licensed to do business in
North Carolina: and
RESOLVED, that if, following satisfaction of all
liabilities to members, retired members, and their beneficiaries
through the purchase of nontransferable annuity contracts, there
are any assets remaining attributable to deviations in actuarial
computations, such remaining assets shall revert to New Hanover
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County, and the Plan shall be deemed to be terminated and of no
effect thereafter.
ADOPTED, this i1th day of July, 1983.
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(SEAL)
Karen E. Gottovi, Chairman
Board of County Commissioners
Attest:
Clerk
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~id::t ~y;: I (Ja-o 33q)
AN ORDINANCE OF THE COUNTY OF NEW HANOVER
AMENDING THE SUBDIVISION REGULATIONS
OF NEW HANOVER COUNTY ADOPTED
FEBRUARY 17, 1969
THE BOARD OF COMMISSIONERS OF NEW HANOVER COUNTY DOTH ORDIAN:
Section I. The Subdivision Regulations of the County of New
Hanover adopted February 17, 1969, as amended be, and the same is
hereby further amended as follows:
Amend Article III, Plat Preparation and Approval Procedure,
Section 3.1
Preliminary Plat to read as follows:
3.1 The subdivider shall submit one (1) sepia print of the
preliminary plat and ten (10) additional copies to the
New Hanover County Planning Department at least fifteen
(15) working days prior to the Planning Board meeting at
which the subdivider desires to have the plat reviewed...
Section 2. Any ordinance or any part of any ordinance in conflict
with this ordinance, to the extent of such conflict, is hereby
repealed.
Section 3. This ordinance is adopted in the interest of public
health, safety, morals and general welfare of the inhabitants of the
County of New Hanover, North Carolina, and shall be in full force and
effect from and after its adoption.
Adopted this II~ day of ify
, 1983.
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