2001-09-17 RM Exhibits27.7.1
RESOLUTION
OF THE
BOARD OF _COMMISSIONERS
OF
NEW HANOVER COUNTY
WHEREAS, after due advertisement, bids were received and publicly opened by the Finance -
Department at 3:00 p.m" on the 28th day of August, 2001, at the County Administration Building,
320 Chestnut Street, Wilmington, North Carolina, and the following bids were received for five (5)
vans for the Sheriffs Department, Bid # 02-0090:
Cape Fear Ford
Fairway Ford
Quality Motor Co.
Vic Bailey Ford
No Bid
$119,300.00
$118,175.00
$117,985.00
AND WHEREAS, the Sheriff, the Finance Director and the County Manager recommend
that the contract be awarded to Vic Bailey Ford, the lowest responsible bidder, in the amount of one
hundred seventeen thousand nine hundred eighty-five dollars ($117,985.00);
AND WHEREAS, funds have been previously appropriated and are now in Account No.
110-431-4316-6450 and 110-431-4320-6450 to cover this contract;
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New
Hanover County that the contract for five (5) vans for the Sheriffs Department, Bid # 02-0090 be
awarded to Vic Bailey Ford in the amount of one hundred seventeen thousand nine hundred
eighty-five dollars ($117,985.00); and that the County is hereby authorized and directed-to ex.ecute
the contract, contract form to be approved by the County Attorney.
This 17th day of September, 2001.
(SEAL)
7dWn.. .
Chairman, Uf County Commissioners
ATTES.T: , c_ / ..
rx2Aov '<:/ /YtUdL
'(;~~the Board
27.7.2
NEW HANOVER COUNTY TAX COLLECTIONS
COLLECTIONS THRU 8/31/01
CURRENT TAX YEAR - 2001
ORIGINAL TAX LEVY PER SCROLL
DISCOVERIES ADDED
LESS ABATEMENTS
TOTAL TAXES CHARGED
AD VALOREM
$ 102,139,092.11
202,787.16
15,034.15
$ 102,326,845.12
ADVERTISING FEES CHARGED
LISTING PENALTIES CHARGED
CLEANING LIENS CHARGED
TOTAL LEVY
COLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
.00
33,327.79
6,076.00
$ 102,366,248.91
633,158.49
$ 101,733,909.42
.62%
BACK TAXES
REAL ESTATE AND PERSONAL PROPERTY
CHARGES ADDED
LESS ABATEMENTS
TOTAL TAXES DUE
COLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
$ 3,698,729.73
52,643.65
25,369.11
$ 3,726,004.27
610,607.84
$ 3,115,396.43
16.39%
RENTAL VEHICLE TAX COLLECTIONS
ROOM OCCUPANCY TAX COLLECTIONS
PRIVILEGE LICENSE COLLECTIONS
AUG 2001
26,999.32 $
505,011.17
3,397.63
$
0< 7, 7, ~
CONSENT AGENDA
DATE:
ITEM NO.
MOTOR VEHICLE
$ 2,008,295.64
4,836.90
17,365.87
$ 1,995,766.67
.00
.00
.00
$ 1,995,766.67
1,109,801.98
$ 885,964.69
55.61 %*
FISCAL YTD
53,023.12
897,274.05
8,953.88
TOTAL MONEY PROCESSED THRU COLLECTION OFFICE FOR NEW HANOVER COUNTY, CITY OF WILMINGTON,
WRIGHTSVILLE BEACH, CAROLINA BEACH AND KURE BEACH TO DATE - $4,501,763.58.
THIS REPORT IS FOR FISCAL YEAR BEG~IN~ 2001.
RESPECTFULLY SUBMITTED, ~
PATRICIA J. RAYNOR
COLLECTOR OF REVENUE
* COMBINED COLLECTION PERCENTAGE - 1.67%
27.7.2
NEW HANOVER COUNTY FIRE DISTRICT TAX COLLECTIONS
COLLECTIONS THRU 08/31/01
CURRENT TAX YEAR- 2001
...........---.........
ORIGINAL TAX LEVY PER SCROll
DISCOVERIES ADDED
LESS ABATEMENTS
TOTAL TAXES CHARGED
LISTING PENALTIES CHARGED
TOTAL LEVY
COllECTIONS TO DATE
AD VALOREM
...............
$ 2,516,105.53
6,090.62
509.59-
...............
$ 2,581,686.56
847.40
......-...-----
$ 2,582,533.96
17,994.33-
............---
t 2,564,539.63 .
.10%*
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
BACK TAXES
..........
REAL ESTATE AND PERSONAL PROPERTY $
CHARGES ADDED
LESS ABATEMENTS
TOTAL TAXES DUE
COLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
8,5,819.45
1,651.82
831.21-
................
,
86,634.00
16,855.85-
.-....--..---.-
, 69,718.15
19.46%
THIS REPORT IS FOR FISCAL YEAR e~GINN G JULY 1, 2001.
RESPECTFULLY SUBMITTED,
(\) .' ~ ~~t"\o.I
prrn(tW Cj."'R OR._ V .
COLLECTOR OF R VENUE
* COHBINED COLLECTION PERCENTAGE - 1.93%
c:< 7, 7, c;:z
CONSENT AGENDA
DATE:_________
ITEM NO.______
MOTOR VEHICLE
...................
$ 57,717.25
282.33
512.26-
..................
$ 57,541.32
.00
...............
$ 51.,541.32
33,069.47-
............---
$ 24,417.85
51.46~.
27.7.3
RESOLUTION
OF THE
BOARD OF COMMISSIONERS
OF
NEW HANOVER COUNTY
WHEREAS, the 1989 Solid Waste Management Act contained a sub-section
entitled the "North Carolina Scrap Tire Disposal Act" which prohibits the disposal of
whole tires into landfills;
AND WHEREAS, New Hanover County provides for the collection,
transportation, processing, and disposal or recycling of scrap tires generated it the
County;
AND WHEREAS, the Department of Environmental Management requested
proposals from scrap tire processing firms for the management of scrap tires;
AND WHEREAS, the following bid was received:
Option I
Providing for collection of All tires delivered to the landfill.
$78.00 per ton
Option II
Providing for the collection of tires at the landfill and major retailers that includes
rental of trailers in the cost per ton.
$83.00 per ton
Option III
Providing trailers at the landfill and cost of trailer rental at retailers to be paid by
retailers under separate agreement.
$78.00 per ton
$135.00 per month for trailer rental paid by retailer
AND WHEREAS, the service provided under Option II, whereby generators of
scrap tires of a volume in excess of one thousand passenger tires or one hundred
truck tires per month are provided a transport trailer in which to place scrap tire"
retailer's place of business,
AND WHEREAS, the price for the rental of all transport trailers at the tire
retailèrs place of business and transport trailers located at the landfill for the receipt of
scrap tires is included in the lump sum price, "
AND WHEREAS, the provision of transport trailers at strategic locations
throughout the County to receive scrap tires promotes public health by reducing
~
~ "
'::) ~., .
the potential for a tire fire and the reduction of mosquito breeding areas,
AND WHEREAS, the contractor, Central Carolina Tire Disposal, has provided
satisfactory scrap tire management services to New Hanover County since 1998,
AND WHEREAS, the Environmental Management Director and the County
Manager recommend that a contract be awarded to Central Carolina Tire Disposal
in an amount of$83.00 per ton as described in Option II;
AND WHEREAS, funds will be provided from the North Carolina Scrap Tire
Disposal Tax, a State Grant for expenses exceeding revenues from the Scrap Tire
Disposal Account, and funds previously appropriated and are now or will be in
subsequent year's budget in Account No. 700-480-4191-3771;
NOW, THEREFORE, BE IT RESOLVED, by the Board of County
Commissioners of New Hanover County that contact No. 01-0339 be awarded to
Central Carolina Tire Disposal for the collection, transportation, processing, and
management of scrap tires generated in New Hanover County; and that the
. County is hereby authorized and directed to execute the contract, contract form to
be approved by the County Attorney.
This the 17th day of September, 2001.
~alli~
ATTEST:
~~~\/ ~
"-- . '~Clerk to the Board
27.7.4
RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE COUNTY OF NEW
HANOVER, NORTH CAROLINA, APPROVING THE INSTALLMENT FINANCING OF
THE CONSTRUCTION, RENOVATION AND EQUIPPING OF JAIL, LAW
ENFORCEMENT, PARKING AND LIBRARY FACILITIES AND MAKING CERTAIN
FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH
WHEREAS, the Board of Commissioners (the "Board") of the County of New
Hanover, North Carolina (the "County"), desires to provide for the construction, renovation
and equipping of certain jail, law enforcement, parking and library facilities (collectively, the
"Facilities"); and
WHEREAS, the Board proposes to finance the cost of the Facilities through an
installment financing agreement (the "Contract") with the New Hanover County Financing
Corporation, Wilmington, North Carolina (the "Corporation"), obligating the County to repay
in installments the amount financed at a fixed annual interest rate of not more than 7%
over a term not exceeding 21 years, resulting in a total amount financed not to exceed
$61,000,000 (excluding reserves and costs of issuance); and
WHEREAS, pursuant to the North Carolina General Statutes ("N.C.G.S.") Section
160A-20, the County is authorized to finance the cost of the construction, renovation and
equipping of the Facilities by entering into the Contract and a deed of trust, which create
in some or all of a portion of the Facilities and the sites on which they are located, a
security interest to secure payment of the obligation thereby created; and
WHEREAS, subject to the prior approval of the Local Government Commission of
North Carolina (the "LGC") pursuant to N.C.G.S. Section 159-148, the County intends to
finance the cost of the Facilities pursuant to Section 160A-20 by executing and delivering
to the Corporation or other financing entity the Contract facilitating such financing; and
WHEREAS, the County staff has advised the Board, and the Board hereby finds
and determines, that the County must construct, renovate and equip the Facilities in order
to maintain and enhance the County's governmental/administrative facilities to enable the
County to perform its public functions, and that the Facilities will benefit the County and its
residents; and
WHEREAS, the Board conducted a public hearing on the date hereof to receive
public comment on the desirability of installment financing for the Facilities and the sites
thereof, and the Board received evidence supporting the need for such financing; and
WHEREAS, the Board finds and determines that the undertaking is necessary and
expedient forthe aforesaid reasons and that the Facilities and the sites thereof be financed
under the terms, conditions and parameters heretofore stated and to be further determined
with more particularity at a later date by the County Manager or Finance Director; and
WHEREAS, the sums to fall due under the Contract can be included in the County's
budget without difficulty; and
\..-
WHEREAS, the above factors lead to the conclusion that the payments under the
Contract are not" excessive for the stated purposes of constructing, renovating and
equipping the Facilities, as the case may be; and
WHEREAS, the County Attorney has advised the County that the Facilities are'
authorized by law and are purposes for which public funds may be expended pursuant to
the Constitution and laws of the State of North Carolina; and
WHEREAS, the Board finds and determines that short-term or pay-as-you-go
financing for the Facilities would impose strains on the County's ability to fund general
operations and education without a significant tax increase; and
WHEREAS, use of the County's unobligated fund balance to finance the cost of the
Facilities would reduce the fund below the guidelines established by the LGC and would
. not be in the County's best interest; and
WHEREAS, installment contract financing would be preferable to general obligation
. bond financing because a general obligation bond authorization probably could not be
perfected in a timely manner and would not permit the alternative financing structures and
repayment provisions available in the proposed, negotiated installment contract financing;
and .'
l
WHEREAS, the proposed cost offinancing the Facilities and the sites thereof is too
great an amount to be funded by current appropriations; and
WHEREAS, the Board finds and determines that installment contract financing is
therefore the most viable and efficient alternative and that the cost of such financing is
reasonable; and
WHEREAS, past audit reports of the County indicate that its debt management and
contract obligations payment policies have been carried out in strict compliance with the
law and the County has not been censured by the LGC, external auditors, or any other
regulatory agencies in connection with such management; and
WHEREAS, the Board estimates that the County's ad valorem tax rate will not be
significantly increased in order to sustain the proposed financing; and
WHEREAS, the County is not in default in meeting any of its debt service or contract
obligations; and
WHEREAS, it is the Board's intention to adopt this Resolution for the purpose of
authorizing the construction, renovation and equipping of the Facilities, making certain
findings and determinations with respect thereto and authorizing such other acts deemed
necessary and advisable to carry out the construction, renovation and equipping of the
Facilities.
,.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE COUNTY OF NEW HANOVER, NORTH CAROLINA, as follows:
Section 1. The Board hereby finds and determines in connection with the
Contract and the transactions contemplated thereby that (a) such Contract is necessary
or expedient to the County, (b) such proposed Contract, under current circumstances, is
preferable to a bond issue of the County for the same purpose, (c) the sums estimated to
fall due under such Contract are adequate and not excessive for its proposed purpose, (d)
the County's debt management procedures and policies are good and its debtwill continue
to be managed in strict compliance with the law, (e) any increase in taxes necessary to
meet the sums estimated to fall due under the Contract will not be excessive and (f) the
County is not in default regarding any of its debt service obligations.
Section 2. This Resolution shall become effective immediately upon its adoption.
This is the 17th day of September, 2001.
NEW HANOVER COUNTY
7i{D[bQirman
ATTEST:
GX?:" V ~
'-......../~k to the Board
(,I. ;'..~.i
Rev. 12-99
STATE OF NORTH CAROLINA
DEPARTMENT OF STATE TREASURER
STATE AND LOCAL GOVERNMENT FINANCE DIVISION
AND THE LOCAL GOVERNMENT COMMISSION
Mailing Address: 325 North Salisbury Street
Raleigh, North Carolina 27603-1385
Federal Express & Courier: 413 North Salisbury Street
Raleigh, North Carolina 27603-1385
Telephone: (919) 807-2350
Fax: (919) 807-2377
APPLICATION FOR APPROVAL OF
INSTALLMENT PURCHASE OR LEASE CONTRACT
~
STATE OF NORTH CAROLINA
DEPARTMENT OF STATE TREASURER
State and Local Government Finance Division
and the Local Government Commission
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
APPLICATION FOR APPROVAL OF INSTALLMENT PURCHASE
OR LEASE CONTRACTS
CHECK ONE:
o G. S. 160A-19
o G. S. 153A-165
o G. S. 160A-20
1. Unit New Hanover County, North Carolina Population 160,307 Date 9/19/01
2. Project Description Detailed description in the Official Statement and on Attachment A
to include Jail & Sheriff's Administration Facility, Law Enforcement Center, Library
Project, and Parking Deck
3. Necessity See Official Statement and Attachment A
4. Principal Amount to be Financed Attachment B................................ $60,930,000
5. Interest to be paid during life of contract Attachment B .................... $35,385,861 (est)
6. Amount due throughout life of contract Attachment B ...................... $96,315,861
(i.e. amount of periodic payment times number of payments. Should also be the total of 4 +
5 above)
7. Estimated increase in tax rate by reason of proposed financing $.0102 in FY02. If other
funding sources are anticipated, explain in one of the following forms:
o LGC-108C Revenue Projection for Water and Sewer
o LGC-108D Revenue Project for Other Enterprises
o LGC-108E Repayment Plan for Non-Enterprise Purposes
8. Term of contract including options to renew (if any) ........................... Attachment A
9. Basis of design and estimated cost of project (engineer) ...................... _Attachment A
Date construction bids will be opened Attachment A
10. Capital budget based on estimates as of............................................. Attachment A
Estimated Cost
Construction Cost................ $
Engineer or Arch. Fees.........
Land and Rt. -of-way............
Special Counsel Fees...........
Other Legal/Fiscal Cost.......
Administrative Cost.............
Capitalized Interest..............
Con tingency ........................
Funding Sources
Loan. .. .. .. . .. .. .. .. ... .. .. .. .. .. .. .. . $
Grants (indicate source)
.........................................
.........................................
.........................................
.........................................
.........................................
TotaL................ $71,656,285
Available Cash...................
Other................................ .
Total............. $71,656,285
...........................................
11. The attached are furnished in support of this application:
~ a. Certified copy of governing body resolution making necessary findings and
authorizing the contract.
lb. Publisher's Affidavit of the Notice of Hearing.
c. Certified copy of minutes of hearing.
d. Certified net debt statement. LGC-109, LGC-109A, LGC-109B
~ e. Certified fiscal information by finance officer. LGC-108A
~ f. Revenue projections on repayment plan Form 108C, 108D, or 108E. LGC-108E
o g. F;ngineer's or architect's report establishing feasibility, if applicable. (N / A)
i h. Proposed financing contract. (Provided under separate cover by bond counsel)
1. Completed IRS form 8038-G (2 copies) (Provided at loan closing by bond counsel).
j. Unit Attorney's Opinion. (Provided at loan closing by bond counsel).
k. Fee Arrangement Letters:
~ Special Counsel - LeBoeuf, Lamb, Greene & McCrae
~ Banker/Underwriter - BB&T Capital Markets
Independent appraiser's report if applicable. N/ A .
m. Bid specifications & summary of competitive bids from contractors. Attachment A
n. Bid specifications and summary of competitive bids from banks and other financial
institutions. N/ A
o o. Required licenses and permits. N/ A
o p. Evidence that plans and specs have been approved by appropriate State agencies.
N/A
o q. Other: Specify N/A
o 1.
~
o
~ r. Engineer's/ Architect's engagement letter (fee arrangement) and a copy of proposed
contract. Attachment A
~ s. Application fee for installment/lease purchase agreement contract. Attach check for
appropriate amount.
o $250 for private placement.
)t $2,500 for public offering.
12. Current audited financial statements have been received by Fiscal Management. Audit
Reports are due October 31 each year. For units with a calendar year or fiscal year not
ending on June 30, audited financial statements should be received within four months of
year-end. Yes ~ No 06-30-00; 6-30-01 due 10-31-01
13. Unit's Attorney Wanda Copley Telephone 910-341-7153 Fax 910-341-4170
Address 320 Chestnut Street, Wilmington, NC Zip 28401
14. Financing contract/agreement with N/A
Contact Person
Telephone
Fax
15. Consulting Firm Attachment A
(Architect or Engineer)
Contact Person
Title
Telephone
Fax
16. Unit's Authorized Agent Bruce T. Shell, CPA
Title Finance Director_Telephone 910-341-7187 Fax 910-341-4025
Address 320 Chestnut Street, Wilmington, NC Zip 28401
This application and supporting dòclihlents are deemed to be true and accurate to the best
of my knowledge and belief.
- "d I: ~ 'l~8/"
Signature of Authorized Agent Date
(As Designated by Board)
LGC-I08A
STATE OF NORTH CAROLINA
DEPARTMENT OF STATE TREASURER
State and Local Government Finance Division
and the Local Government Commission
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
SELECTED FISCAL INFORMATION AS CERTIFIED BY FINANCE OFFICER
Unit New Hanover County. North Carolina
Ad Valorem Tax (current fiscal year): FYE 6/30/01
Appraised Value $15.990.342,660 Tax Rate - General Fund $.61
Total Levy $97,522,328 - Other funds .04
Uncollected at 6/30/01 $1,939,450 - Total $.65
Percentage Collected 98.01%
2. For the past 5 fiscal years, has there been a delay in payment or non-payment of matured
bonds and coupons when presented to the unit's fiscal agent? NO (Yes; No). If yes, explain
circumstances on separate statement.
3. Information relating to compliance with Locàl Government Budget and Fiscal Control Act:
(If answer to any question in this item is No, furnish explanation.)
A. Purchasing and Contracts
(1) Are purchase orders issued for all commitments
over a minimum amount?
Yes
No
x
(2) Do all purchase orders include a preaudit
certificate signed by the finance officer (or
properly appointed deputy)? X
(3) Are all purchase orders posted to appropriate
expenditure accounts as encumbrances? X
B. Other:
(1) Do checks or drafts on an official depository
bear on their face a preaudit certificate, of
sufficient unencumbered appropriation signed
by the finance officer (or properly appointed
deputy)? X
(2) Are the finance officer, tax collector, and other
employees (as required) properly bonded
according to G.S. 159-29? X
(3) Did the budget provide for all deficits, if any, as
shown in the audit report for the prior year? X
C. Please include a description of any material instance of misfeasance or malfeasance
n. (within thF. I;::¡M thrf'f' vf";::¡r~' whic:h mipht ;::¡ffF.c:tF.rl thF. c:rf'rlit of fîF. lmit N I A
I certify the above is correct to the Finance Officer's Sign~t . Date
best of my knowledge ....... .~ - l
.........J -I . -/8'-0/
LGC-I08A(BACK)
PAGE 2
D. Additional DENR Loan and Grant procedures for a Capital Project Ordinances
(1) Loans
Pursuant to G.S. 159-26(b)(6), a capital project fund is required to account for all debt
instrument proceeds used to finance capital projects. To facilitate budgetary and
accounting control, it is required that a capital project ordinance, pursuant to G.S. 159-
13.2, be adopted by the governing board authòrizing all appropriations necessary for
the completion of the project. Will the unit prepare and adopt a balanced capital project
ordinance covering the life of the project? (A copy of the approved ordinance will be
required to be submitted to DENR prior to disbursement of any proceeds.) 0 YESD NO
N/A
(2) Grants
To facilitate budgetary and accounting control, it is required that a grant project
ordinance, pursuant to G.S. 159-13.2, with a corresponding capital project fund, be
adopted by the governing board authorizing all appropriations necessary for the
completion of the project. Will the unit prepare and adopt a balanced capital project
ordinance covering the life of the project? (A copy of the approved ordinance will be
required to be submitted to DENR prior to receipt of grant proceeds)? 0 YESD NO
N/A
LGC-I08E
STATE OF NORTH CAROLINA
DEPARTMENT OF STATE TREASURER
State and Local Government Finance Division
and the Local Government Commission
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
REPAYMENT PLAN FOR NON-ENTERPRISE PROJECTS
Complete if the proposed financing is for non-enterprise purposes. List below the available
sources of repayment and the amounts available to service debt over a three-year period.
Explain in detail and attach supporting schedules.
AVAILABLE AMOUNT
Available Sources
Fiscal Year
_02_
1,656,559
Fiscal Year
_03_
2,674,266
Fiscal Year
_04_
3,660,016
Property Tax Revenue
$
$
$
1,656,559 2,674,266 3,660,016
Total Amount Available $ $ $
1,656,559 2,674,266 3,660,016
Debt Service Amount $ $ $
Estimated Tax Value of 1 Cent $1,617,000 $1,665,000 $1,715,000
(Total Value @ 98% collection)
Estimated Increase in Tax Rate $.0102 $.01606 $.0213
LGC-I09
STATE OF NORTH CAROLINA
DEPARTMENT OF STATE TREASURER
State and Local Government Finance Division
and the Local Government Commission
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
STATEMENT OF DEBT
For New Hanover County, North Carolina
To be filed with the application. The debt described below should not include debt incurred or
to be incurred in anticipation of the collection of taxes or other revenues or in anticipation of
the sale of bonds other than funding or refunding bonds. The debt described below should not
include revenue bonds or special obligation bonds.
A. Gross Debt
1. Outstanding debt evidenced by bonds:
Purpose
Amount
Water
Sanitary Sewer
Electric
Gas
Other Attachment LGC-109A
$201,850,000
$201,850,000
2. The proposed financing, and bonds authorized by orders introduced but not yet adopted:
Date
Introduced
Purpose
Amount
9/17/01
Certificates of Participation
Attachment A
$60,930,000
$60,930,000
3. Unissued bonds authorized by adopted orders:
Date
Introduced
Purpose
Amount
11/4/97
11/4/97
Cape Fear Community College $14,300,000
Schools $14,000,000
$28,~00,000
4. Outstanding debt not evidenced by bonds (lease-purchase agreements):
Date
Incurred
Purpose
Amount
Various
Attachment LGC-l 09B
$54,196,462
Total Gross Debt (Sum of 1,2,3 and 4)
$54,196,462
$345,276,462
Page 2
B. Deductions
1. Funding and refunding bonds authorized by orders
in trod uced but not yet adopted....................................
2. Funding and refunding bonds authorized but not
issued... ....... ...............................................................
3. Amount held in sinking funds or otherwise for the
payment of gross debt other than debt incurred for
water, gas, electric light or power purposes or sanitary
sewer purposes (to the extent deductiblè under Section
159-55[b] of the Local Government Bond Act), or two
or more of these purposes............................................
4. Bonded debt included in gross debt and incurred or to
be incurred for water, gas or electric light or power
purposes, or any two or more of these purposes. ..........
5. Bonded debt included in gross debt and incurred or to
be incurred for sanitary sewer system purposes (to the
extent deductible under Section 159-55[b] of The Local
Governmen t Bond Act).................................................
6. Uncollected special assessments levied for local
improvements for which gross debt (that is not
otherwise deducted) was or is to be incurred, to the
extent it will be applied, when collected, to the
paymen t of such gross debt. ........................................
7. Estimate of special assessments to be levied for local
improvements for which any part of gross debt (that is
not otherwise deducted) was or is to be incurred, to
the extent .that the special assessments when
collected, will be applied to the payment of any part of
gross debt. ....:.............................................................
Total Deductions (Sum of 1 through 7)
c. Net Debt being the difference between Total Gross Debt
(A) and Total Deductions (B). ...........................................
D. Assessed Value of property subject to taxation being the
value from which the assessed value was last fixed fo"r
taxation as revealed by the County tax records and
certified by the County Tax Supervisor. ...........................
E. Percentage that Net Debt bears to the assessed value of
property subject to taxation (C + D). ................................
I certify the above is correct to the
best of my knowledge.
Financ.e Officer's Signature ~........
:J . I : U7
LGC-I09 (Back)
$0
$0
$0
$0
$0
$0
$0
$ 4,920,071
$ 4,920,071
$340,356,391
$ 15,990,342,660
2.13%
D'h /., I
":
STATE OF NORTH CAROLINA
sS.:
COUNTY OF New Hanover
Bruce T. Shell
, being duly sworn, says that he
IS
the FinanteDirector
of the
County
of
New Hanover
in the State of North Carolina; and that the foregoing statement is true and was made and
subscribed by him.
()
day of TtJj
,20~.
STATE OF NORTH CAROLINA
ss.:
COUNTY OF New Hanover
I,
the
undersigned
I
~~~~1
~ ~,""4_ J
in the State of North Carolina, DO HEREBY CERTIFY that the
of
the
of
New B.<1novpr Cr111nry
foregoing statement and accompanying affidavit were filed in my office on the 18th
~ ~
September
,2dJ~.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County, this
18th
day of September
20-º.L.
~J~~
NEW HANOVER COUNTY
WANDA M. COPLEY
County Attomey
OFFICE OF THE COUNTY ATTORNEY
320 CHESTNUT STREET, ROOM 309 r-::..;..;-" . E
WILMINGTON, NORTH CAROLINA 28401-4095 Jf~l
TELEPHONE (9/0) 34/-7/53 \
FAX (9/0) 34/-4170
COpy
KEMP P. BURPEAU
Deputy County Attomey
E. HOLT MOORE, III
Assistant County Attomey
September 20, 2001
Mr. Peter Baumgaertner
LeBoeuf, Lamb, Green & MacRae LLP
125 West 55th Street
New York, NY 10019
FEDERAL EXPRESS
RE: New Hanover County Series 2001 COPs
Copies of Information for September 17, 2001 Meeting
Dear Mr. Baumgaertner:
Please find enclosed one (1) of each following items:
· Original Affidavit of Publication of Notice of September 17th Meeting;
· Copy of the executed resolution;.
· Copy of Extracts from Minutes of Board of Commissioners;
· Copy of the Certified Copy of Extract of Minutes - Public Comments.
Please contact our office should you have any questions or need further
docu mentation.
Sincerely,
~w~
Clerical Assistant
/kc
encls.
cc: Finance Director
Deputy Finance Direct~
Clerk to the Board V"""'"
27.7.5
RESOLUTION
of the
NEW HANOVER COUNTY BOARD OF CO:NnvfISSIONERS
WHEREAS, on September 11, 2001, the United States was suddenly and brutally attacked by
foreign terrorists, and:
WHEREAS, these terrorists hijacked and destroyed four civilian aircraft, crashing two of them into
the towers of the World Trade Center in New York City, and a third into the Pentagon outside
Washington, DC, and;
WHEREAS, thousands of innocent Americans were killed and injured as a result of these attacks,
including the passengers and crew of the four aircraft, individuals in the World Trade Center and in
the Pentagon, bystanders, and rescue workers, and;
WHEREAS, these cowardly acts were by far the deadliest terrorist attacks ever launched against
the United States, and, by targeting symbols of American strength and success, clearly were intended
to intimidate our nation and weaken its resolve, and;
WHEREAS, these horrific events have affected all Americans. It is important that we carry on with
the regular activities of our lives. Terrorism cannot be allowed to break the spirit of the American
people, and the best way to show these cowards that they have truly failed is forthe people of the
United States and their counties to stand tall and proud,
THEREFORE BE IT RESOLVED, that the governing board of New Hanover County, North
Carolina condemns the cowardly and deadly actions of these terrorists, and;
BE IT FURTHER RESOL VED, that the governing board ofNew Hanover County, North Carolina
supports the President of the United States, as he works with his national security team to defend
against additional attacks, find the perpetrators, and to bring them to justice, and;
BE IT STILL FURTHER RESOL VED, that the governing board of New Hanover County, North
Carolina recommends that its citizens support relief efforts by giving blood at the nearest available
blood donation center.
Adopted this the 13th day of September, 2001.
T?!t.Vi9(~Q·
~~'-?! ~
-..... ~~F. Harrell, Clerk to the Board