1974-11-18 RM Exhibits~~ a !~ ,
? ~ ~~.~
tttr ~ ~'.~~~ C~ttrnltn~(~ ~~~ p~
DEPARTMENT OF THE TREASURER ~i ~-~ O ~)~/
s.~.~ /~~ ~ ~l
EDWIN GILL :~' ~ q ~+~~ LOCAL GOVE~R~TMENT COMMISSION
Stnte Treae~rer ~ f !~ (((JJJ
3
~= IIARLAN E. HOYLEB
Secretary
ALBEMARLE BUILDING ~ 325 N SALISBURY STREET ~ RALEIGH, N C. 27611 ~ AC 919 A29-3064
November 27, 1974
Mr Dan W Eller
New Hanover County Manager
14 N Third Street
Wilmington North Carolina 28441
Dear Dan
Thank you for your letter dated November 19th concerning the County's
recent sale of $3,675,000 Technical Institute Bonds In regards to your
question concerning this sale, we are of the opinion that New Hanover County
received a very favorable rate The Bond Buyer's Index (which is an index of
national averages) was 6 48% on the date the County's bonds were sold Your
bonds were purchased by North Carolina National Bank and Associates at a net
rate of 5 76%, which you can readily see is 72 points under the national
average There were four bids received for the Bonds and they included
sixteen different banks or broker firms across the country We had good
North Carolina participation in these bids as well as other states such as
Florida, Illinois, New York, and Virginia
In regards to your question concerning your improved rating, we would
like to say that this definately contributed to the success of this sale In
good times, people do not pay as much attention to bond ratings as they do
when things start tightening up Therefore, today the investor is more
interested in security than yield and is investing mostly in prime securities
We in North Carolina have been very fortunate in the past months in that we
have a definite market for our bonds In fact, we have had requests for
North Carolina bonds from different security dealers and bankers We are
happy to say that the market is not flooded with North Carolina bonds However,
we understand that in some states there is a larger bond supply than demand
Let me take this opportunity to thank you for your cooperation If
we may be of additional assistance, please call upon us
-Sincerely yours,
I
•~... 1_~ c. -. __•
Harlan E Boyles
Secretary
HEB pf
Uep uty Src re to ries
F DtCIN T BARNES .1(1}IN M BARNES, JR. Dr7U GI,AS F.. CARTER
Bond Authoriz ntio ns Bond tinlr~ and Ih•live rire Arrow ntinq AdvleorY N•'
a i
MEMORANDUM
~`
November 12, 1974
TO Mr Dan W Eller, County Manager
New Hanover County Board of County Commissioners
FROM Larry J Powell ~\~~~~
Tax Administrator
SUBJ Abatements and Refunds
The following taxpayers request they be allowed the
Sensor Citizens' Exemption Each individual qualifies for this
exemption, however, they failed to file for the release In January
1 Pearl Siegal
2 Hazel Ussery
$ 15 06
40 29
Request the following taxes be released as these individuals
do not reside within the city or town limits, or the personal property
is located in the county
1 W H Farmer $292 10
2 Salt Works 35 68
3 Scott Romblad 8 94
4 Steve W Lowery 47 19
5 Kenneth Burrell 4 67
6 Ann Mangum 77 27
7 Henry C Hawthorne 43 32
8 William Smith 26 30
9 Paul Avery 26 47
10 H 8 R Block 43 72
11 James Stevenson 29 38
12 Alexander McDonald 40 26
Request the following taxes be released as the taxpayers
reported Incorrect information
1 Southeastern Brokerage Co $ 63 24
2 Pearlease Mylam 15 62
3 Tommie H Denson 29 07
4 John 0 Brandstaetter 111 19
5 Turnell 8 Morgan, Inc 89 16
6 F L Meier 29 85
7 Grover Thompson 9 57
The following taxpayers request the 10% listing penalty
be released as they certify the listing forms were mailed during
January 1974
1 John Black $ 37 13
2 Trash Removal Service, Inc 50 72
,~ A ~
Refunds and Abatements
Page 2
Request the following taxes be released as these are
clerical errors
1 Robert Hill Construction Co $175 41 (Refund)
2 Emanuel Poulos, Jr 337 45 (1972-1974)
3 Bostic Smith 13 87
4 John Zimmer 83 64
5 James Andrews 62 49
6 David Maricle 69 97
7 S A Nathan, Jr 79 56
Request the following taxes be released as they were
double listed
1 Sarah P Towles $ 6 32
2 Michael Moore 17 85
3 J W Covil 1 98
4 H M Moore 32
5 Donald Parker 58 34
6 Americano Motel 164 62 (1968)
Request the taxes charged to Church of God of the Americas
for 1972 through 1974 be released in the amount of $259 66 This
organization qualifies for religious exemption
Request this item be placed on the agenda of the County
Commissioners meeting of November 18, 1974
cc Mrs King
LJP/pjr
~a`~
LARRY J POWELL
Tax Administrator
RAYMOND E. BLAKE, JR.
Appraisal Supervisor
119 No Fifth St
~Anaber
~~~~t4~
~~
~mO'
Q.
ill`
~tCmtngtott, ,~ ~ 28401
NEW HANOVER COUNTY TAX COLLECTIONS
COLLECTIONS THRU OCTOBER 31, 1974
1974
Regular Scroll Charges $6,510,471 59
Discoveries Added 1,444,065 60
7,954,537 19
Less Abatements - 5,614 15
Total Taxes Due New Hanover Co 7,948,923 04
Total Collected -1,547,954 72
Outstanding Balance 6,400,968 32
Percentage Collected 19 4'~0
Back Taxes
Real Estate Taxes $ 305,089 15
Less Abatements - 416 37
Total Collections to Date - 55,814 65
Outstanding Balance 248,858 13
Percentage Collected 18 3%
Personal Property $ 343,627 23
Less Abatements - 623 53
Collections to Date - 16,203 75
Outstand>ng Balance 326,799 95
Percentage Collected 4 70
f
MAE 8. STUART
Listing Supervisor
JANIE B. STRAUGHN
Collector of Revenue
762-0391
1973
$5,636,844 85
1,268,718 80
6,905,563 65
- 6,103 63
6,89Q,460 02
-1,962,639 14
4,936,820 88
28 45 0
$ 364,346 48
- 1,519 27
- 56,627 70
306,199 51
15 60
$ 316,199 39
- 79 05
- 21,269 91
294,850 43
6 70
Total money processed through collection office for New Hanover County,
City of Wilmington, Carolina Beach, Kure Beach, and Wrightsville Beach
to date $2,934,546 37
This report is for fiscal year beginning July 1, 1974
Respectfully submitted,
Janie B Straughn
Collector of Revenue
JBS/pjr