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2008-05-05 RM Exhibitsx~31.10.~ NORTH CAROLINA STATE DEPARTMENT OF TRANSPORTATION REQUEST FOR ADDITION TO STATE MAINTAINED SECONDARY ROAD SYSTEM North Carolina County of New Hanover Roads} Description: Kirkwood, Lenior, Walston, Hillside, and Wingate Drives, Eastdale and Hailey Courts, Castine and Laveen Ways and Angel Island Road as connector in Kirkwood at Arrondale Subdivision in New Hanover County (Division File No. 1123-N) WHEREAS, a petition has been filed with the Board of County Commissioners of the County of New Hanover requesting that the above described road(s), the location of which has been indicated on a map, be added to the Secondary Road System; and WHEREAS, the Board of County Commissioners is of the opinion that the above described road(s) should be added to the Secondary Road System, if the road(s) meets minimum standards and criteria established by the Division of Highways of the Department of Transportation for the addition of roads to the System. NOW, THEREFORE, be it resolved by the Board of Commissioners of the County ofNewHanoverthat the Division ofHighways is hereby requested to review the above described road(s), and to take overthe road(s) for maintenance if they meet established standards and criteria. CERTIFICATE The foregoing resolution was duly adopted by the Board of Commissioners of the County of New Hanover at a meeting on the 5~` day of Ma~._, 2008. WITNESS my hand and official seal this the ~ ~ day of '~3'j~ , 2008. Pf! ~. Teresa P. Elmore, Deputy Clerk to the Board New Hanover County Board of Commissioners Form SR-2 Please Note: Forward directly to the District Engineer, Division of Highways. resolute.doc Xr331, 10.2 AGENDA: May 5, 2008 NEW HANOVER COUNTY BOARD OF COMMISSIONERS AN ORDINANCE AMENDING THE FISCAL YEAR 2008 BUDGET BY BUDGET AMENDMENT 2008-110 BE IT ORDAINED by the Board of Commissioners of New Hanover County, North Carolina, that the following Budget Amendment 2008-110 be made to the annual budget ordinance for the fiscal year ending June 30, 2008. Section 1: Details of Budget Amendment: Fund: Public School Building Capital Fund Department: Finance Ex enditure: Decrease Increase Technolo Trust Fund: Ca ital Pro'ect Ex ense $1,099,000 Total $1,099 000 Revenue: Decrease Increase Technolo Trust Fund: Public School Buildin Ca ital Fund $1,099,000 Total $1,099 000 Section 2: Explanation One of the projects recently approved for the Schools from the Public School Building Capital Fund is being transferred by the Department of Public Instruction to the State Technology Program and will not have to be tracked by New Hanover County. This budget amendment is to reduce the PSBCF budget (Fund 331) by $1,099,000, which is the amount of the technology project. Section 3: Documentation of Adoption: This ordinance shall be effective upon its adoption. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New Hanover County, North Carolina, that the Ordinance for Budget Amendment 2008-110 amending the annual budget ordinance for the fiscal year ending June 30, 2008, is adopted. Adopted, this 5~' day of May, 2008 ~;~ ~..- t - ~G~\ T ''.~\ ~~~ ~ ~'-`., ~'~y~' Robert G. Greer, Chairman ~~~~ ~ 7~~ ~ ?i, -' 1N! ~, ~ ', l/2/f ATTEST: \ ~R~.. ~"' ill, ~JS 7A liLIiH~ \_~ Teresa P. Elmore, Deputy Clerk to the Board x I~ 31. Iu. 3a AGENDA: May 5, 2008 NEW HANOVER COUNTY BOARD OF COMMISSIONERS AN ORDINANCE AMENDING THE FISCAL YEAR 2008 BUDGET BY BUDGET AMENDMENT 2008-111 BE IT ORDAINED by the Board of Commissioners of New Hanover County, North Carolina, that the following Budget Amendment 2008-111 be made to the annual budget ordinance for the fiscal year ending June 30, 2008. Section 1: Details of Budget Amendment: Fund: Airport Improvements Capital Project Department: Finance Ex enditure: Decrease Increase Ca ital Project Ex ense $622,290 Transfer to General Fund $622,290 Total $622 290 $622 290 Section 1: Details of Budget Amendment: Fund: General Fund Department: Commissioners Revenue: Decrease Increase Transfers in from Ca ital Pro'ects $622,290 A ro riated Fund Balance $622,290 Total $622 290 $622 290 Section 2: Explanation The Airport Improvements Capital Project is complete. Unspent COPS funds were used to pay debt service on the project. This budget amendment is to transfer $622,290 from the Airport Fund to the General Fund. This was the amount of debt service paid. Because of this, we are decreasing the amount of Fund Balance Appropriation. Prior to actions taken at this Board of County Commissioners meeting, the revised Appropriated Fund balance is $8,976,886. Section 3: Documentation of Adoption: This ordinance shall be effective upon its adoption. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New Hanover County, North Carolina, that the Ordinance for Budget Amendment 2008-111 amending the annual budget ordinance for the fiscal year ending June 30, 2008, is adopted. Adopted, this 5th day of May, 2008 ~AL75HE~~ ~ ~~~ Robert G. Greer, Chairman ATTEST: Teresa P. Elmore, Deputy Clerk to the Board X B 31. I0.3 b AGENDA: May 5, 2008 NEW HANOVER COUNTY BOARD OF COMMISSIONERS AN ORDINANCE AMENDING THE FISCAL YEAR 2008 BUDGET BY BUDGET AMENDMENT 2008-113 BE IT ORDAINED by the Board of Commissioners of New Hanover County, North Carolina, that the following Budget Amendment 2008-113 be made to the annual budget ordinance for the fiscal year ending June 30, 2008. Section 1: Details of Budget Amendment: Fund: Scattered Site Housing-Grant 3 Department: Finance Ex enditure: Decrease Increase Ca italPro'ectEx ense $1,516 Transfer to General Fund Plannin $1,516 Total $1 516 $1 516 Section 1: Details of Budget Amendment: Fund: General Fund Department: Planning Ex enditure: Decrease Increase Tem ora Salaries $1,408 FICA 108 Total $1 516 Revenue: Decrease Increase Transfer from Ca ita] Pro'ects-Scattered Site Housin $1,516 Tota] $1 516 Section 2: Explanation This budget amendment is to transfer funds from Scattered Site Housing (Fund 390) into Planning's budget for temporary salaries and FICA incurred by interns working on this project. This is for quarter ending 3- 31-08. Section 3: Documentation of Adoption: This ordinance shall be effective upon its adoption. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New Hanover County, North Carolina, that the Ordinance for Budget Amendment 2008-113, amending the annual budget ordinance for the fiscal year ending June 30, 2008, is adopted. Adopted, this 5~' day of May, 2008 /~~ s O iTV _ Robert G. Greer, Chairman ATTEST: Teresa P. Elmore, Deputy Clerk to the Board NEW HANOVER COUNTY BOARD OF COMMISSIONERS WOMEN OF ACHIEVEMENT MONTH PROCLAMATION WHEREAS; women are prominent business owners and officials in our community; and WHEREAS, women. hold executive positions and provide leadership to achieve success for businesses and organizations; and WHEREAS, women are primary caregivers to family members in addition to their roles in the public sector; and WHEREAS, many of these women's accomplislunents have benefited our area's business, educational, service, cultural, and volunteer endeavors; and WHEREAS, women's achievements have brought positive change and collectively reward us all with an improved quality of life; and WHEREAS, in recognition of these accomplishments the 24t'' Annual YWCA Cape Fear Women of Achievement Awards will be held in the Burney Center on the campus of the University of North Carolina-Wilmington on May 22, 2008. NOW, THEREFORE, BE IT PROCLAIMED by the New Hanover County Board of Commissioners that May 2008 be recognized as "Women of Achievement Month" in New Hanover County. ADOPTED this the 5th day of May, 2008. NEW HANOVER COUNTY ~ ` ° ~~ ~ Robert G. Greer, Chairman i `~ ^} _ ~ ~~ i l l 54 r ~ tl - ~ ~~, '` ATTEST: ,,~~~'` ~ ~~ .~ 1 ~ ~ Teresa P. Elmore, Deputy Clerk to the Board ~~~ -~ ~~ ~~ NEW HANOVER COUNTY BOARD OF COMMISSIONERS NATIONAL COMMUNITY ACTION MONTH PROCLAMATION WHEREAS, the Economic Opportunity Act of 1965 created local community action agencies; and WHEREAS, local community action agencies were established throughout the entire country to make an essential contribution to the war against poverty by providing a "hand-up" to self- sufficiency, not a "hand-out;" and WHEREAS, individuals and families of limited income in New Hanover County continue to need opportunities which enable them to improve their lives and living conditions, thus enabling them to live in dignity; and WHEREAS, New Hanover County pledges itself to continue to develop communities in ways to ensure that all citizens are active and productive participants in their community. NOW, THEREFORE, BE IT PROCLAIMED by the New Hanover County Board of Commissioners that May 2008 be recognized as "National Community Action Month" in New Hanover County in recognition of the hard work and diligence of the staff, administration, and many volunteers of New Hanover County Community Action, Inc. ADOPTED this the S'~' day of May, 2008. t _ ~"'•~ - ~~~ '~ + `~ t~^ ~' I/ t' ~ ~ i Y 1 _. ~' ~' ,~ NEW HANOVER COUNTY ~~. Robert G. Greer, Chairman ATTEST: ~JZ~-P~Jcc~ 1 Teresa P. Elmore, Deputy Clerk to the Board ~D NEW HANOVER COUNTY BOARD OF COMMISSIONERS THE 25`" ANNUAL NATIONAL TOURISM WEEK "DISCOVER GREAT AMERICAN TRADITIONS" PROCLAMATION WHEREAS, travel is at the heart of America's economic and national security. It generates millions of jobs and billions in taxes, and is a vital resource in improving America's image around the world; and WHEREAS, in New Hanover County, the travel. industry contributes substantially to New Hanover County's cultural and social well being. Travel is one of our most fundamental freedoms. Every citizen benefits from travel and tourism. The travel industry substantially enhances our personal growth and education, while promoting intercultural understanding and appreciation of New Hanover County's history, geography, and culture. Earlier this year, New Hanover County was designated as a 2008 Dozen Distinctive Destination® by the National Trust foi° Historic Preservation; and WHEREAS, travel is one of America's largest service exports, providing a travel trade surplus in excess of $8 billion. It is one of the nation's largest employers, accounting for more than 7.5 million direct travel-generated. jobs. One of every eight U.S. non-farm jobs is connected to travel. Last year, spending by domestic and inteniational visitors in the U.S. generated $740 billion in direct expenditures nationwide, averaging $2 billion a day; and WHEREAS, in North Carolina, Travel and Tourism is among the state's fastest growing industries. Last year, domestic travelers spent more than $16.5 billion in North Carolina; and WHEREAS, in New Hanover County: • Travel and Tourism is an important economic generator that infuses millions of new dollars into our local economy each year, thereby making New Hanover County a better place to live, work and visit. • In 2006, the economic impact of Tourism was estimated at $388.31 million, ranking New Hanover as number 8 among North Carolina's 100 counties in tourism expenditures. • Travel and Tourism provides more than 5,440 jobs and supports a payroll of $93.5 million. • Travel and Tourism generates approximately $34.71 million in state and local tax receipts, representing tax savings in the amount of $188.53 to each county resident. • The County has experienced a 42% gain in room occupancy tax over the last 5 years. NOW, THEREFORE, BE IT PROCLAIMED by the New Hanover County Board of Commissioners that May 10-18, 2008 be recognized as "National Tourism Week" in New Hanover County and call upon the people of New Hanover County to observe this week, as sanctioned by the U.S. Congress, with appropriate ceremonies and activities. ADOPTED this the St'' day of May, 2008. ~''~ NEW HANOVER COUNTY ~` ~ ~ ~ ~x ~ % i _ , ~ \ ~ ~~ '~ .. '~~: ~ ~ ', Robert G. Greer, Chairman ~ ~ ~, \~ ~ E ATTEST: 7 ~-~ .- [ 1P ~ J ~ ~ ~ ~., ~~ ~ Teresa P. Elmore, Deputy Clerk to the Board -, .r+' .. ,. ~~._ - . io. 1 NEW HANOVER COUNTY BOARD OF COMMISSIONERS NATIONAL HISTORIC PRESERVATION MONTH PROCLAMATION WHEREAS, historic preservation is an effective tool for managing growth, revitalizing neighborhoods, fostering local pride and maintaining community character while enhancing livability; and WHEREAS, historic preservation is relevant for communities across the nation, both urban. and. rural, and for Americans of all ages, all walks of life and all ethnic backgrounds; and WHEREAS, it is important to celebrate the role of history in our lives and the contributions made by dedicated individuals in helping to preserve the tangible aspects of the heritage that has shaped us as a people; and WHEREAS, "This Place Matters" is the theme for National Preservation Month 2008, cosponsored by Historic Wilmington Foundation and the National Trust for Historic Preservation. NOW, THEREFORE, BE IT PROCLAIMED by the New Hanover County Board of Commissioners that May 2008 be recognized as "National Historic Preservation Month" in New Hanover County. The Board calls upon the people of New Hanover County to join their fellow citizens across the United States in recognizing and participating in this special observance. ADOPTED this the Sty' day of May, 2008. NEW HANOVER COUNTY ;~; ~ , ~~~ ,t _ ~~ -' ~ _, ' ~ ~ > t ~ ~; ~ ~ ~ ~ Robert G. Greer, Chairman F \ ~. ~ - i `~ ` ATTEST: ~ {";~"' Ik ~ ~' = ~ - =; ~ Teresa P. Elmore, Deputy Clerk to the Board ~, I f ,~: X ~ sl, io, g NEW HANOVER COUNTY BOARD OF COMMISSIONERS FOSTER CARE AWARENESS MONTH PROCLAMATION WHEREAS, in New Hanover County there are nearly 400 children of all ages in the custody of the Department of Social Services and of those children., over half reside in foster homes, group homes and hospitals; and WHEREAS, it is the goal of this community to provide these children with safe, stable and nurturing family environments; and WHEREAS, we turn more and more to the family foster homes of New Hanover County to nurture the bodies and spirits of the children in our charge while our social workers support parents in building on their strengths to provide safe, permanent homes for their children to return; and WHEREAS, foster parents frequently adopt their foster children, which results in a continual need for more foster families; and WHEREAS, May is singled out as "Foster Care Awareness Month," to be the one month we publicly recognize the tremendous contribution made by foster parents, numerous individuals and public and private organizations to the child welfare system and to the lives of the young somehow entangled in that system. NOW, THEREFORE, BE IT PROCLAIMED by the New Hanover County Board of Commissioners that May 2008 be recognized as "Foster Care Awareness Month" in New Hanover County; and BE IT FURTHER PROCLAIMED that the New Hanover County Board of Commissioners, in recognition of Foster Care Awareness Month, thanks all foster mothers and foster fathers for their commitment of time and talents to these precious children and encourages all citizens to celebrate the contributions of foster parents and child welfare professionals. The New Hanover County Board of Commissioners further encourages the community, businesses, faith-based organizations and families to participate in efforts to recruit and. support foster families in New Hanover County. ADOPTED this the 5"' day of May, 2008. '~ ~ - ~ y ~ ~~ ~~ ? ~ ~, -, _ ~`,\ _ ~~ F ~ - ~ ~~~` ~ ~ NEW HANOVER COUNTY Robert G. Greer, Chairman ATTEST: Teresa P. Elmore, Deputy Clerk to the Board A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF NEW HANOVER COUNTY WHEREAS, the bond order hereinafter described has taken effect, and it is desirable to make provision for the issuance of bonds authorized by said bond order; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of New Hanover, North Carolina (the "Issuer"), as follows: 1. Pursuant to and in accordance with the bond order adopted by the Board of Commissioners on March 13, 2006, the Issuer shall issue its bonds in the aggregate principal amount of $18,000,000. The bonds shall be designated "General Obligation Parks and Recreation Bonds, Series 2008" (hereinafter referred to as the "Bonds"). The period of usefulness of the capital project to be financed by the issuance of the Bonds is a period of forty years, computed from June 17, 2008. 2. The Bonds shall be dated June 17, 2008 and shall bear interest from their date at a rate or rates which shall be hereafter determined upon the public sale thereof and such interest shall be payable on December 1, 2008 and semi-annually thereafter on June 1 and December 1. The Bonds shall mature, subject to the right of prior redemption as hereinafter set forth, annually on June 1, as follows: Year Principal Amount Year Principal Amount 2020 $ 750,000 2010 750,000 2021 1,100,000 2011 750,000 2022 1,100,000 2012 750,000 2023 1,100,000 2013 750,000 2024 1,100,000 2014 750,000 2025 1,100,000 2015 750,000 2026 1,100,000 2016 750,000 2027 1,100,000 2017 750,000 2028 1,100,000 2018 750,000 2029 950,000 2019 750,500 Interest will be payable to the registered owners of the Bonds shown on the records of the hereinafter designated Bond Registrar of the Issuer on the record date which shall be the fifteenth day of the calendar month (whether or not a business day) next preceding an interest payment date. 3. The Bonds will be issued in fully registered form by means of a book entry system with no physical distribution of bond certificates made to the public. One bond certificate for each maturity will be issued to The Depository Trust Company, New York, New York ("DTC"), and immobilized in its custody. The book entry system will evidence ownership of the Bonds in principal amounts of $5,000 or whole multiples thereof, with transfers of beneficial ownership affected on the records of DTC and its participants pursuant to rules and procedures established by DTC. Interest on the Bonds will be payable at the times stated in the preceding paragraph, and principal of the Bonds will be paid annually on June 1, as set forth in the foregoing maturity schedule, to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants of DTC will be the responsibility of such participants and other nominees of beneficial owners. The Issuer will not be responsible or liable for maintaining, supervising or reviewing the 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 Issuer 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 Issuer will discontinue the book entry system with DTC. If the Issuer fails to identify another qualified securities depository to replace DTC, the Issuer will authenticate and deliver replacement Bonds in the form of fully registered certificates. 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. 4. The Bonds shall bear the manual or facsimile signatures of the Chairman or the Vice Chairman and the Clerk to the Board of Commissioners of the Issuer and the official seal or a facsimile of the official seal of the Issuer 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 or of a representative designated by said Secretary 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 Issuer 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. 5. The Bonds and the endorsements thereon shall be in substantially the following form: NO. R- United States of America State of North Carolina NEW HANOVER COUNTY GENERAL OBLIGATION PARKS AND RECREATION BOND, SERIES 2008 INTEREST MATURITY DATE OF RATE DATE ORIGINAL ISSUE CUSIP June 1, _ June 17, 2008 REGISTERED OWNER: CEDE & CO. PRINCIPAL SUM: DOLLARS NEW HANOVER COUNTY (hereinafter referred to as "County"),apolitical subdivision of the State of North Carolina, acknowledges itself indebted and for value received hereby promises to pay to the registered owner named above, on the date specified above, upon surrender hereof, at the office of the Finance Officer of the County (the "Bond Registrar"), the principal sum shown above and to pay to the registered owner hereof, at his address as it appears on the bond registration books of the County, interest on such principal sum from the date of this bond [or from the June 1 or December 1 next preceding the date of authentication to which interest shall have been paid, unless such date of authentication is on June 1 or December 1 to which interest shall have been paid, in which case from such date], such interest to the maturity hereof being payable on December 1, 2008 and semi-annually thereafter on June 1 and December 1 of each year, 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 is registered at the close of business on the record date for such interest, which shall be the fifteenth day of the calendar month (whether or not a business day) next preceding such interest payment date. 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. This bond is issued in accordance with the Registered Public Obligations Act, Chapter 159E of the General Statutes of North Carolina, and pursuant to The Local Government Finance Act of the State of North Carolina, as amended, a bond order adopted by the Board of Commissioners of the County on March 13, 2006 (the "Bond Order") and a resolution adopted by said Board of Commissioners on May 5, 2008 (the "Resolution") to provide funds, together with other funds of the County, to pay capital costs of providing parks and recreation facilities. The issuance of this bond and the contracting of the indebtedness evidenced thereby have been approved by a majority of the qualified voters of the County voting at a special election held in the County on May 2, 2006. The bonds will be issued in fully registered form by means of a book entry system with no physical distribution of bond certificates made to the public. One bond certificate for each maturity will be issued to The Depository Trust Company, New York, New York ("DTC") and immobilized in its custody. The book entry system will evidence ownership of the bonds in principal amounts of $5,000 or whole multiples thereof, with transfers of beneficial ownership affected on the records of DTC and its participants pursuant to rules and procedures established by DTC. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants of DTC will be the responsibility of such participants and other nominees of beneficial owners. The County will not be responsible or liable for maintaining, supervising or reviewing the records maintained by DTC, its participants or persons acting through such participants. The bonds maturing on and after June 1, 2019 shall be subject to redemption prior to their stated maturities at the option of the County on or after June 1, 2018, in whole or in part at any time, at a redemption price of 100% of such principal amounts plus interest accrued to the date fixed for redemption. If less than all of the bonds are called for redemption, the bonds to be redeemed shall be selected in such manner as the County shall 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, the Bond Registrar shall treat each bond as representing that number of bonds which is obtained by dividing the principal amount of such bond by $5,000. For so long as a book-entry system with DTC is used for determining beneficial ownership of the bonds, if less than all of the bonds within a maturity are to be redeemed, DTC and its participants shall determine which of the bonds within a maturity are to be redeemed. Not more than forty-five (45) 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 mailed, postage prepaid, to DTC or its nominee. 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 potions thereof on such date. If a portion of this bond shall be called for redemption, a new bond or bonds in principal amount equal to the unredeemed portion hereof will be issued to DTC or its nominee upon the surrender hereof. The Bond Registrar shall keep at her office the books of said County for the registration and 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 unpaid principal amount of this bond, of the same maturity and bearing interest at the same rate. 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 registered Bonds of the same maturity, of any denomination or denominations authorized by the Resolution and bearing interest at the same rate. 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. It is hereby certified and recited that all conditions, acts and things required by the Constitution or statutes of the State of North Carolina to exist, be performed or happen precedent to or in the issuance of this bond, exist, have been performed and have happened, and that the amount of this bond, together with all other indebtedness of the County, is within every debt and other limit prescribed by said Constitution or statutes. The faith and credit of the County are hereby pledged to the punctual payment of the principal of and interest on this bond in accordance with its terms. This bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Bond Order or the Resolution mentioned herein until this bond shall have been endorsed by the authorized representative of the Local Government Commission of North Carolina and authenticated by the Bond Registrar. IN WITNESS WHEREOF, the County has caused this bond [to be manually signed by] [to bear the facsimile signatures of] the [Chairman] [Vice Chairman] and the Clerk to the Board of Commissioners of the County and [a facsimile of] its official seal to be [imprinted] [impressed] hereon, and this bond to be dated June 17, 2008. Chairman, Board of Commissioners (SEAL) Clerk, Board of Commissioners 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 CERTIFICATE OF AUTHENTICATION This bond is one of the Bonds of the issue designated herein and issued under the provisions of the within-mentioned bond order and resolution. NEW HANOVER COUNTY Finance Officer, as Bond Registrar By Authorized Signatory Date of Authentication: ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto ,the within Bond and irrevocably appoints ,attorney-in-fact, to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: Signature Guaranteed: NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without any alteration whatsoever. Notice: Signature must be guaranteed by an institution which is a participant in the Securities Transfer Agent Medallion Program (STAMP) or similar program. 6. The Bonds maturing on and after June 1, 2019 shall be subject to redemption prior to their stated maturities at the option of the Issuer on or after June 1, 2018, in whole or in part at any time, at a redemption price of 100% of such principal amounts plus interest accrued to the date fixed for redemption. If less than all of the Bonds are called for redemption, the Bonds to be redeemed shall be selected in such manner as the Issuer shall 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, the hereinafter designated Bond Registrar shall treat each Bond as representing that number of Bonds which is obtained by dividing the principal amount of such Bonds by $5,000. For so long as a DTC book-entry system is used for determining beneficial ownership of the Bonds, if less than all of the Bonds within a maturity are to be redeemed, DTC and its participants shall determine which of the Bonds within a maturity are to be redeemed. Not more than forty-five (45) 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 Issuer shall cause a notice of such redemption to be mailed, postage prepaid, to DTC or its nominee. Each such notice shall identify the Bonds or portions thereof to be redeemed by reference to their numbers and shall set forth the date designated for redemption, the redemption price to be paid and the maturities of the Bonds 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 registered Bond or Bonds in principal amount equal to the unredeemed portion of such bond will be issued. On or before the date fixed for redemption, moneys shall be deposited with the Bond Registrar to pay the principal of 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 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 interest accruing thereon to the date of redemption, 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 registered Bond or Bonds of the same maturity, of any denomination or denominations authorized by this resolution and bearing interest at the same rate. 7. 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 registered 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 Issuer 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 unpaid 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 cancelled by the Bond Registrar. The Issuer 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 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 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 this Resolution. The Issuer shall appoint such registrars, transfer agents, depositaries or other agents and make such other arrangements as may be necessary for the registration, registration of transfer and exchange of Bonds within a reasonable time according to then commercial standards and for the timely payment of principal and interest with respect to the Bonds. The Issuer's Finance Officer is hereby appointed the registrar, transfer agent and paying agent for the Bonds (collectively, the "Bond Registrar"), subject to the right of the governing body of the Issuer to appoint another Bond Registrar, and as such shall keep at his/her office in Wilmington, North Carolina, the books of the Issuer for the registration, registration of transfer, exchange and payment of the Bonds as provided in this Resolution. 8. The Local Government Commission of North Carolina is hereby requested to sell the Bonds and to state in the Notice of Sale of the Bonds that bidders may name one rate of interest for part of the Bonds and another rate or rates for the balance of the Bonds. The Bonds shall bear interest at such rate or rates as may be named in the proposal to purchase said Bonds which shall be accepted by the Local Government Commission, provided that the true interest cost to the Issuer shall not exceed 5.25%. 9. The Chairman and the Vice Chairman of the Board of Commissioners, the Clerk to the Board of Commissioners, the County Manager and the Finance Officer of the Issuer are hereby authorized and directed to cause the Bonds to be prepared and, when they shall have been duly sold by said Local Government Commission, to execute the Bonds and have the Bonds endorsed and authenticated as provided herein and to deliver the Bonds to the purchaser or purchasers to whom they may be sold by said Local Government Commission. 10. The Issuer covenants that it will not take any action, or fail to take any action, if any such action or failure to take action would adversely affect the exclusion of interest paid on the Bonds from gross income of the owners thereof for federal income tax purposes. 11. The Issuer hereby undertakes, for the benefit of the beneficial owners of the Bonds, to provide: (a) by not later than seven months from the end of each fiscal year of the Issuer, commencing with the fiscal year ending June 30, 2008, to each nationally recognized municipal securities information repository ("NRMSIR") and to the state information depository for the State of North Carolina ("SID"), if any, audited financial statements of the Issuer 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 Issuer are not available by seven months from the end of such fiscal year, unaudited financial statements of the Issuer for such fiscal year to be replaced subsequently by audited financial statements of the Issuer to be delivered within 15 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 Issuer, commencing with the fiscal year ending June 30, 2008, to each NRMSIR, and to the SID, if any, (i) the financial and statistical data as of a date not earlier than the end of such fiscal year for the type of information included under the heading "The County -Debt Information and -Tax Information" in the Official Statement relating to the Bonds (excluding any information on overlapping or underlying units) and (ii) the combined budget of the Issuer for the current fiscal year, to the extent such items are not included in the audited financial statements referred to in (a) above; (c) in a timely manner, to each NRMSIR or to the Municipal Securities Rulemaking Board ("MSRB"), and to the SID, if any, notice of any of the following events with respect to the Bonds, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (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 or events affecting the tax-exempt status of the Bonds; (7) modification to the rights of the beneficial owners of the Bonds; (S) bond calls; (9) defeasances; (10) release, substitution or sale of any property securing repayment of the Bonds; (11) rating changes; and (d) in a timely manner, to each NRMSIR or to the MSRB, and to the SID, if any, notice of a failure of the Issuer to provide required annual financial information described in (a) or (b) above on or before the date specified. At present, Section 159-34 of the General Statutes of North Carolina requires the Issuer's financial statements to be prepared in accordance with generally accepted accounting principles and to be audited in accordance with generally accepted auditing standards. If the Issuer 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 ov~~ners 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 payment 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 Issuer 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 Issuer, provided that any such modification will be done in a manner consistent with Rule 15c2-12 issued under the Securities Exchange Act of 1934, as it may be amended from time to time ("Rule 15c2-12"), and provided further that: (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 Issuer; (b) the information to be provided, as modified, would have complied with the requirements of Rule 15c2-12 as of the date of the Official Statement relating to the Bonds, 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, as determined either by parties unaffiliated with the Issuer (such as bond counsel), or by the approving vote of the registered owners of a maj ority in principal amount of the Bonds pursuant to the terms of this Resolution, as it may be amended from time to time, at the time of the amendment. To the extent permitted by the U.S. Securities and Exchange Commission, the County may discharge its undertaking described above by transmitting those documents or notices electronically to www.disclosureusa.org. Any annual financial information containing 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 11 shall terminate upon payment, or provisions 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. 12. The blanket Letter of Representations, as requested by DTC, is hereby approved and confirmed. 13. The Preliminary Official Statement dated on or about May 16, 2008, setting forth financial and statistical data in connection with the offering of the Bonds (the "Preliminary Official Statement") is hereby approved and ratified. In connection with this approval, the Board of Commissioners of the Issuer has examined copies of the Preliminary Official Statement and has, to the extent and in the manner it has deemed necessary, discussed the contents thereof with officers of the administration of the Issuer. The Board of Commissioners of the Issuer does hereby recite that, upon its examination and discussions, nothing has come to its attention which would lead it to believe that said Preliminary Official Statement contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Chairman, the Vice Chairman, the County Manager and the Finance Officer of the Issuer are each hereby authorized to approve changes in such Preliminary Official Statement and to execute such Preliminary Official Statement and the final Official Statement for and on behalf of the Issuer. 14. The Chairman and Vice Chairman of the Board of Commissioners, the County Manager, the Finance Officer and the Clerk to the Board of Commissioners and the other officers of the Issuer are hereby authorized and directed to execute and deliver for and on behalf of the Issuer any and all financing statements, certificates, documents or other papers and to perform any and all acts they may deem necessary or appropriate in order to carry out the intent of this Resolution and the matters herein authorized. This the 5th day of May, 2008. Robert G. Greer, Chairman Board of Commissioners Teresa P. Elmore, Deputy Clerk Board of Commissioners Xf;31.l0.10 A B C D E F 1 PARCEL NUMBER OWNERS NAME APPEALED VALUE REQUESTED VALUE 'REASON FOR APPEAL 2 3 R06013-016-110-000 . Angela S Gurri $ 161,159 $ 147,550 Recent Appraisal 4 R06500-003-098-154 William Neff $ 162,129 $ 148,000 Recent Sale 5 R05407-007-005-000 Allan Monteath $ 330,066 $ 250,000 Recent Appraisal 6 R04816-010-027-000 John Langone $ 152,544 $ 130,000 Value too high ~, 7 R05407-025-004-000 Walter Bordeaux $ 230,581 $ 180,000 Purchase Price 8 R04817-010-026-000 Naomi Johnson $ 112,427 ???? Increase too much 9 R05407-027-017-000 Leslie Sampson $ 239,266 $ 181,000 'Substandard materials 10 R06016-003-005-000 . Jean Joyner $ 446,584 $ 385,000 No updates 11 R05407-022-006-000 , Michael Swart $ 360,732: $ 318,000 Recent Appraisal 12 R06106-006-011-000 Gregory Hoffman $ 301,061 $ 230,000 Recent Appraisal 13 R05414-001-039-000 Carolyn Sanders $ 182,344 ???? Low income building 14 R06520-012-028-000 John Goodrow ' $ 235,503 $ 217,000 'Too high 15 R06610-006-010-000 Lorene Hurst $ 265,930 ???? Too high 16 R05410-008-002-000 Todd Piper $ 37,281 $ 15,000 Equity 17 R05410-008-023-000 Todd Piper $ 22,780 $ 15,000 'Equity 18 R03307-001-052-000 Josephine Bonanno $ 358,364. $ 250,000 Recent Sale 19 R03307-001-048-000 ', Lorrie Bretzloff $ 329,333 ', ???? Recent Sales 20 R03307-001-045-000 James Wilson $ 79,800 $ 59,000 Lot Sales 21 R03307-001-044-000 James Wilson $ 478,002 $ 365,000 .Appraisal 22 R03500-005-595-000 ' Gary Gilbert $ 176,174 ' $ 154,000 'Age and income 23 R03500-005-340-000 Randy Webb $ 188,991 ???? Too high 24 R02611-005-010-000 ' Randy Webb $ 186,776 ???? Too high 25 R03617-001-060-000 Joe Hill $ 167,770 ???? Too high 26 R03400-005-050-000 William McKoy $ 76,450 ???? Too high 27 R03506-002-005-000 Linda Dougherty $ 137,643 $ 175,000 Too high 28 R03306-002-039-000 Pamela Guyton $ 170,154 ???? Equity 29 R03511-010-004-000 Kenneth Hoffman $ 505,577 ???? Too high 30 R03514-001-014-000 William Hamilton $ 507,495 ???? ~ Cost per Sq.Ft. Comps 31 R01217-003-002-000 Peggy Duncan $ 18,450 ???? Swamp land 32 R04910-005-009-000 I Edna McFadden ; $ 150,064 ???? Too high 33 R03518-014-002-000 Anita McAllister $ 164,734 $ 123,000 Not worth anymore 34 R08811-014-003-000 Robert Johnson $ 918,830 $ 800,000 ;Equity 35 R07609-009-062-000 Jason Wise $ 202,242 $ 178,000 IToo high 36 R07917-002-001-000 Theodore Meehan $ 281,813 $ 250,000 Comparable sales 37 R07918-008-020-000 ,, Joseph Carney $ 184,406 $ 155,000 ;Recent purchase price 38 R08200-003-022-000 ' Cody Cress $ 567,047 $ 472,000 2007 purchase 39 . R08207-001-013-000 . Stephen Saur $ 285,732 ???? Too high 40 R08209-003-010-000 I Henr Barr ???? .Downturn in market 41 R08500-011-051-000 ' Robert Baker $ 347,000 l ???? Equity ~' 42 R08506-002-015-000 Allen Caldwell $ _. 369,315 ???? Too high 43 R08806-004-096-000 ( James Wilstshire $ 375,996 4 $ 300,000 - __ Recent sales 44 R08806-004-126-000 __ Carolyn Hulett $ . 428,513 $ 413,000 Appraisal 45 R08806-005-005-000 _ - Edward Jordan _ $ _ - 525,680 $ _ 503,330 ',Comparable units 46 R08807-003-002-031 ! Virginia Zablocki $ 280,677 ' $ 187,000 Selling prices 47 R08807-007-025-000 Suzette Warren - $ _ 364,023 $ -- 310,000 _ - -- Own appraiser 48 R08811-007-004-000 David Warner $ __ - 391,000 ???? Market 49 R08811-007-005-000 ' David Warner $ 489,153 __ ???? __ _ i I Market __ 50 R08811-007-006-000 . Bonnie Warner $ 469,200 ???? Market 51 R08807-020-014-000 ; Todd Piper $ 730,717 $ 500,000 ~ ,Comps 52 R08811-007-015-000 ' Thomas Cleaton $ 621,000 ' $ 220,000 'Sales ' A B C D E F 53 R08811-013-010-005 Joan Bass $ 352,589 ???? Market 54 R08815-003-008-002 .Mark Payseur '; $ 407,179 ???? Sales in area 55 R08815-005-008-000 Michael Maisonet $ 391,000 ???? ,Too high 56 R08815-010-006-001 Laraine Fraser $ 366,538 ', ???? 'Disabled 57 R08815-010-006-003 Kenneth McShea $ 366,538 ???? 'Too high 58 R08815-010-007-002 Edward Macsata $ 365,918 ???? Too high 59 R08815-010-007-006 Theodore Cecil ~' $ 365,989 ???? Market 60 R08815-010-008-001 '.Terry Willmann $ 365,918 ???? ,Too high 61 R08815-010-008-003 James Odwire $ 365,918 I $ 285,000 'Recent Sale 62 R08815-010-008-006 Michele Hickman I'~ $ 365,918 ???? Too high 63 R08815-010-009-004 'Brian Baker $ _ 348,992 ', $ 289,000 _ ,Listing price 64 R08815-011-004-000 John riffin g $ i $ 490,406 340,000 jToo high 0 Q Amy Pierce ~ $ 736,090 '' $ 472,000 Appraisal 66 R08818-006-O 50 00 ( Kelly Newton ~ $ 500,685 $ 490,000 Comparable sales 67 R08819-007-001-006 ; Ray Linville ~ $ 430,625: $ 400,000 Comparable sales 68 R08819-009-008-001 ' Cecillia Blackwell $ 812,280 ~ ???? Equity 69 R09005-023-005-000 Barbara Hundley $ 315,178 ???? Floods 70 R09005-027-007-000 .John Pendrick $ 343,971 ~ ???? Too high 0 y $ 375,000 Comparable listings 72 R09006-006-006-0 24 Kather ne Jensen ' $ 283,095 { $ 260,000 :Too high 73 R09006-023-005-005 . Charles Daniel $ 268,959 I ???? Too high 74 R09010-002-002-007 . William Turner - $ 411,323 $ 325,000 2007 Appraisal 75 R09010-012-007-000 ', _ William Piper i $ 203,553 ???? House Demolished 76 R09010-018-005-001 I Alireza Baragoush $ 983,834 ' ???? Sales 77 . R09010-019-003-011 John Westbrooke $ 329,084 $ 380,000 ','Personal judgement 78 R09010-025-003-000 Walter Swain ,' $ 286,430 ' $ 170,000 Too high ' 79 R09010-030-001-007 George Gardner i $ 317,117 $ 90,000 _ Equity 80 R09010-030-001-014 ', Bobby Norris _ $ 317,117 ???? Slow rental market 81 R09014-005-010-000 Evin Kin g $ 250,409 ???? Too high 82 R09018-004-006-019 James lonnet $ 282,152 ~' ???? 'Too high 83 R09018-004-006-031 __ Charles Eaves i $ 279,145 ' ???? Too high 84 R09018-010-005-000 __ Jackie Hartsell 301,810 ???? Too high 85 ~ R09018-012-002-037 ', __ _ _ lames Williams $ 301,374 '; $ 200,000 ',,Too high 86 R09018-012-002-086 John Anderson $ 301,374 ! $ 259,900 ~ Listing price 87 R09205-015-072-000 Teresa Holler ~ $ 414,466. $ 325,000 Too high 88 R09205-022-027-000 Steven Daniels - - $ 498,420 $ 430,000 ;Sale price 89 R09205-022-025-000 __ - -- Sandra Builard - $ 270,000 199,000 j Comparable sales 90 R09213-001-002-000 - - - - Scott Greenberg $ 313,733 $ 208,000 I ~ Sale price 91 __ R09213-004-012-000 - Arthur Webster $ 1,161,772 ' ???? 'Too high 92 93 R09213-004-018-000 ,, R09213-005-014-000 Rhonda Hunnicutt Mariaq Burpeau -- -- $ $ 1,153,637 1,050,000 $ ???? 950,000 .Comparable Sales Current Listing 94 R09213-005-015-000 - AlyssaPeterson $ 1,156,962 I $ 900,000 ~ComparableSales 95 R09213 010-008 000 Maral n Bonkovski $ 555,275 , $ 410,000 Replacement Cost 96 97 98 R09213 014-013 000 R09217-004-009 000 f R09217-022-020 000 ~ Sandra Moore ~ p Jost h Crews Llo d Burris $ $ $ 1,095,583 '~ 498 198_ 288 594 77~~ ???? ~~~~- .Too high (Too high. Equity 99 R09308-002-011 000 . - - James Bostian - -- ~ $ 225,000 '~ ???? Too high 100 R09320 001-002-01H _- - -_ Cheryl Gammell - $ 203,045 ~??? (Sales 101 R09316-003-011-000 Ann Vickers ~ $ 673,912 ???? Too high 102 R09405-003-010-000 -- David Butts $ 402,138 ', ???? (Too high ' 103 R09409-002-009-000 William Dumont __ $ ___ 1,514,574 ???? Too high 104 R04512-002-014-000 --_ 16 Backfin Associates ' $ _- -- - 2,203,591 ' $ 924,706 ___ Equity A B C D E F 105 R04512-001-012-000 Theresa Mclaughlin $ 2,066,086 ???? Old Small House 106 R04609-002-035-000 Blanche Bacon $ 2,379,005 $ 2,000,000 Lot Over Valued 107 R04605-002-007-000 George Yelverton $ 2,151,138 ???? Equity 108 R05805-002-004-000 Robert Berke $ 2,226,538 $ 1,976,538 Equity 109 R05720-037-003-000 Elizabeth Bordeaux $ 1,717,806 ???? Too High 110 R05720-022-012-001 Douglas Degroote $ 879,670 $ 625,000 No Offers at $690,000 111 R05809-002-032-000 James Farlow $ 1,291,172 ???? CAMA Setbacks 1980 Photoline 112 R05720-021-028-000 Stanley House $ 993,622 $ 759,000 Comp/ Age 113 R03700-003-045-000 Glenna Keller $ 522,139 $ 495,000 Appraisal 114 R04507-001-018-000 Mark Elmquist $ 416,110 $ 315,000 Comps 115 R02920-001-020-000 James McNally $ 682,586 $ 295,000 Land Too High 116 R03708-003-012-000 Doreen Reis $ 331,895 ???? Comps 117 R04400-003-021-003 Leon Elan $ 278,771 $ 185,000 Age and Condition 118 R04414-008-020-000 Karyn Shane $ 351,375 $ 335,000 Purchase 119 R04517-003-010-000 Richard Holderness $ 1,127,608 ???? Not Revenue Neutral 120 R04418-003-003-000 Donald Reid $ 446,310 $ 375,000 Land Overvalued 121 R04417-007-040-000 Jean Campbell $ 205,472 $ 200,000 Purchase 122 R04417-007-039-000 Jean Campbell $ 203,979 $ 200,000 Purchase 123 R04517-003-009-000 .Julie McGuyver $ 1,117,868 $ 850,000 CAMA Line, No Sewer 124 R04510-006-024-000 Vernon Poindexter $ 385,000 $ 125,000 Appraisal 125 R04510-006-023-000 Vernon Poindexter $ 186,520 $ 160,000 Appraisal 126 R04510-006-022-000 Vernon Poindexter $ 181,761 $ 170,000 Appraisal 127 R04510-006-013-000 Vernon Poindexter $ 260,041 $ 250,000 Appraisal 128 R04510-006-002-001 Vernon Poindexter $ 120,813 $ 135,000 Appraisal 129 R04510-006-017-000 Vernon Poindexter $ 153,088 $ 60,000 Appraisal 130 R04510-006-002-000 Vernon Poindexter $ 60,000 $ 40,000 Appraisal 131 R05107-001-019-000 Frank Davis $ 375,000 $ 250,000 Conservation 132 R05100-002-062-000 Henry Kramer $ 614,451 ???? Commercial Influence 133 R05105-001-010-000 Bruce Rickenbacker $ 114,710 $ 5,000 Mobile Home 134 R05713-015-008-000 Dennis Hoffman $ 322,569 ???? Land Too High 135 R05600-004-005-000 Sue Rhett $ 763,527 $ 600,000 Appraisal 136 R05809-002-044-049 Allen Anderson $ 1,510,511 $ 1,300,000 Economic Downturn 137 R05608-006-008-000 Glenn Nodine $ 224,830 $ 185,000 Purchase 138 R05715-001-060-000 Robert Momalley $ 537,681 $ 500,000 Sold Property 139 R05612-009-049-000 George Farris $ 226,264 $ 185,000 Comps 140 R05612-009-033-000 George Farris $ 226,264 $ 185,000 Comps AN ORDINANCE OF THE COUNTY OF NEW HANOVER AMENDING THE ZONING MAP OF ZONING AREA No. 8A OF NEW HANO~'ER COUNTY, NORTH CAROLINA ADOPTED July 7, 1972 CASE: 2-882, 04/08 THE BOARD OF COMMISSIONERS OF NEB HANOVER COU]~'TY DOTH ORDAIN: Section 1. The Zoning Map of Zoning Area No. 8A is hereby amended by removing the hereinafter described tract from the R-1 ~ Residential District and pacing it in the O&1 Off ce & Institutional Zoning District, said lands being described as follows: Beginning at a monument at the intersection of the southeastern boundary of Blue Clay Road (S.R. 1318), a 60' public right-of way, with the southwestern boundary of Interstate Highway 40, a 320' public right-of--way; and running thence with the interstate right-of--way, South 2] °45' 13" East, 1114.04 feet to a point; thence South 21 34'37" East, 198.44 feet to a point; thence along a curve to the right; having a Chord of South 20°18'26" East, 70.61; thence with the property, now or formerly, of Carolina Power & Light Company, recorded among the land records of the New Hanover Count} Registry in Deed Book 859, at Page 725, North 63°32'23" West, 1028.43 feet to a point in the boundary of Blue Clay Road; thence with the that right-of--way, North 26°22' ~ 8" East, 923.41 feet to the point and place of begirming; containing 10.93 acres, more or less. Section 2. The County Clerk is hereby authorized and directed under the supervision of the CountS~ Commissioners to Change the Zoning Map AreaNo. 8A on file in the office ofthe County Commissioners, so as to make it comply with this ordinance. Section 3. Any ordinance or any part of any ordinance in conflict with this ordinance, to the extent of such conflict, is hereb}~ repealed. Section 4. This ordinance is adopted in the interest of public health, safety, morals and general welfare of the inhabitants of the Count}' ofNe~~ Hanover, North Carolina, and shall be in full force and effect from and after its adoption. Section ~. The Count} Commissioners find, iii accordal~ce with the provisions ofNCGS 153A-341, thatthis zoning map amendment of 10.93 acres is: A. Consistent with the purposes and intent of the Resource Protection land classification and associated policies in the 2006 land use plan. B. Reasonable and in the public interest to allow a broader range of uses in this location near the northern campus of Cape Fear Community College. Adopted the ~ih da}~ of May, 2008. Robert G. Greer; Chairman Attest: ~ ~~iJ Teresa P. Ehnore_ Deputy Clerk to the Board