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Home My WebLink About1993-11-19 Continued Meeting NEW HANOVER COUNTY BOARD OF COMMISSIONERS CONTINUED MEETING, NOVEMBER 19, 1993 BOOK 23 PAGE 828 ASSEMBLY The New Hanover County Board of Commissioners met in a continued meeting of November 15, 1993, on Friday, November 19, 1993, at 10:00 A.M. in Room 501 of the New Hanover County Administration Building, 320 Chestnut Street, Wilmington, North Carolina. Members present were: Commissioners Sandra Barone; WilliamA. Caster; Vice-Chairman E. L. Mathews, Jr.; Chairman Robert G. Greer; County Manager, Allen O'Neal; County Attorney, Wanda M. Copley; and Clerk to the Board, Lucie F. Harrell. Commissioner William E. Sisson, Jr. was on vacation and could not attend. ADOPTION OF RESOLUTION AUTHORIZING THE FILING OF AN APPLICATION FOR THE APPROVAL OF REFUNDING BONDS WITH THE LOCAL GOVERNMENT COMMISSION Finance Director, Andrew J. Atkinson, reported since interest rates in the tax-exempt bond market are at such a low rate, it is financially feasible to achieve debt service savings on several outstanding bond issues as follows: 1989 1989 1990 1985 1989 1990 1992 Airport Bonds Museum Bonds Parks & Recreation Facilities Bonds Refunding Bonds Solid Waste Disposal Solid Waste Disposal Solid Waste Disposal Bonds Bonds, Bonds Series B Refunding of the Solid Waste Disposal Bonds will allow the County to shift the first principal payment to September 1994 with a savings of approximately $1,607,102 this year. This savings will allow the County to recover a portion of loss revenue in the tip fee at the Waste-to-Energy Facility. The Commissioners were requested to adopt a resolution authorizing the filing of an application to the Local Government Commission for approval of the refunding bonds. Motion: Commissioner Barone MOVED, SECONDED by Commissioner Caster to adopt the resolution authorizing filing an application with the Local Government Commission for approval of the refunding bonds as presented by the Finance Director. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson A copy of the resolution is hereby incorporated as a part of the minutes and is contained in Exhibit Book XXI, Page 26. Commissioner Caster introduced the bond order for the various governmental purpose refunding bonds, which was read at length. Motion: Commissioner Barone MOVED to adopt the resolution introduced calling for a Public Hearing to be held on December 6, 1993, at 6:30 P.M. in the Assembly Room of the New Hanover County Administration Building, 320 Chestnut Street, Wilmington, North Carolina, to consider a Bond Order authorizing the issuance of $17,000,000 General Obligation Refunding Bonds. Vice-Chairman Mathews SECONDED THE MOTION. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone NEW HANOVER COUNTY BOARD OF COMMISSIONERS CONTINUED MEETING, NOVEMBER 19, 1993 BOOK 23 PAGE 829 Commissioner Caster vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson A copy of the resolution is hereby incorporated as a part of the minutes and is contained in Exhibit Book XXI, Page 26. Commissioner Caster introduced the bond order for the solid waste disposal refunding bonds. The bond order was read at length. Motion: Vice-Chairman Mathews MOVED to adopt the resolution introduced at the meeting calling for a Public Hearing to be held on December 6, 1993, at 6:30 P.M. in the Assembly Room of the New Hanover County Administration Building, to consider a Bond Order authorizing the issuance of $30,000,000 General Obligation Refunding Bonds. The MOTION WAS SECONDED by Chairman Greer. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson A copy of the resolution is hereby incorporated as a part of the minutes and is contained in Exhibit Book XXI, Page 26. Chairman Greer, on behalf of the Board, complimented the Finance Director for an excellent job in saving money for the County through the bond refunding process. MEETING CONVENED FROM REGULAR SESSION TO HOLD A CONTINUED MEETING OF THE NEW HANOVER COUNTY WATER & SEWER DISTRICT Motion: Commissioner Barone MOVED, SECONDED by Commissioner Caster to convene from Regular Session to hold a continued meeting of the New Hanover County Water & Sewer District. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson Chairman Greer convened from Regular Session at 10:37 A.M. Motion: reconvene FOLLOWS: Commissioner Barone MOVED, SECONDED by Chairman Greer to to Regular Session. Upon vote, the MOTION CARRIED AS Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson Chairman Greer convened to Regular Session at 10:45 A.M. CHANGE IN REGULAR MEETING SCHEDULE County Manager 0' Neal reported Chairman Greer, County Attorney Copley, Finance Director Atkinson and he will be in New York on December 20, 1993, making presentations to Bond Counsel; therefore, the meeting scheduled for December 20, 1993, should be changed to December 21, 1993, if agreeable with the members of the Board. NEW HANOVER COUNTY BOARD OF COMMISSIONERS CONTINUED MEETING, NOVEMBER 19, 1993 BOOK 23 PAGE 830 Consensus: It was the consensus of the Board to change the regular meeting scheduled for December 20, 1993, to Tuesday, December 21, 1993, at 9:00 A.M. in the First Floor Assembly Room of the New Hanover County Administration Building, 320 Chestnut Street, Wilmington, North Carolina. DESIGNATION OF THE FOOD BANK OF COASTAL CAROLINA AS THE CONTRACTING AGENCY FOR THE FOOD COMMODITY DISTRIBUTION FOR THE FIRST QUARTER OF THE FEDERAL FISCAL YEAR Budget Director, Cam McAbee, reported Mr. Dennis Garman, the Executive Director of the Food Bank, will be leaving at the end of December; therefore, with the present financial problems being experienced by this agency, the food commodity distribution should be contracted on a quarterly basis. The funds have been budgeted for FY 1993-94. Motion: Vice-Chairman Mathews MOVED, SECONDED by Commissioner Barone to contract with the Food Bank of Coastal Carolina in the amount of $3,750 for the food commodity distribution for the first quarter of the federal fiscal year. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson EXECUTIVE SESSION County Attorney Copley requested an Executive Session to discuss two legal matters. Motion: Commissioner Barone MOVED, SECONDED by Vice-Chairman Mathews to convene from Regular Session to Executive Session for discussion of two legal matters as requested by the County Attorney and to request the Finance Director, Andrew J. Atkinson, and Assistant County Attorney, Kemp Burpeau, to attend the Executive Session. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson Chairman Greer convened from Regular Session to Executive Session at 10:55 A.M. Motion: Commissioner Barone MOVED, SECONDED by Commissioner Caster to reconvene to Regular Session. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson Chairman Greer reconvened to Regular Session at 11:45 A.M. AUTHORIZATION FOR THE COUNTY MANAGER TO EXECUTE AN INDEMNITY TO THE TITLE INSURANCE FOR PROPERTY TO BE USED BY CAPE FEAR COMMUNITY COLLEGE Motion: Vice-Chairman Mathews MOVED, SECONDED by Commissioner Barone to authorize the County Manager to execute an indemnity to the title insurance company for the 700 Front Street Associates NEW HANOVER COUNTY BOARD OF COMMISSIONERS CONTINUED MEETING, NOVEMBER 19, 1993 BOOK 23 PAGE 831 parcel for use by Cape Fear Community College. MOTION CARRIED AS FOLLOWS: Upon vote, the Voting Aye: Commissioner Barone Commissioner Caster Vice-Chairman Mathews Chairman Greer Absent: Commissioner Sisson ADJOURNMENT Chairman Greer adjourned the continued meeting at 11:50 A.M. Respectfully submitted, Lucie F. Harrell Clerk to the Board