1993-01-19 Water & Sewer86
MINUTES OF REGULAR MEETING, JANUARY 19, 1993
ASSEMBLY
The District Board of Commissioners of the New Hanover County
Water & Sewer District met in Regular Session on Tuesday, January
19, 1993, at 12:02 P.M. in the Assembly Room of the New Hanover
County Courthouse, 24 North Third Street, Wilmington, North
Carolina.
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Members present were: District Commissioners William A.
Caster; Robert G. Greer; William E. Sisson, Jr.; Vice-Chairman
Sandra Barone; Chairman E. L. Mathews, Jr.; County Manager, Allen
O'Neal; County Attorney, Wanda M. Copley; and Clerk to the District
Board, Lucie F. Hqrrell.
Chairman Mathews called the meeting to order.
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NON-AGENDA ITEMS
Chairman Mathews inquired as to whether anyone from the
general public would like to present an item not listed on the
Regular Agenda.
No items were presented.
APPROVAL OF MINUTES
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Motion: District Commissioner Greer MOVED, SECONDED by District O'
Commissioner Caster to approve the minutes of the Regular Meeting
of January 4, 1993, as presented by the Clerk to the District
Board. Upon vote, the MOTION CARRIED UNANIMOUSLY.
PUBLIC HEARING TO RECEIVE COMMENTS ON THE PROPOSED REFUNDING BOND
ISSUE OF $30,000,000 GENERAL OBLIGATION BONDS
Finance Director, Andrew J. Atkinson, reported on the
opportunity for the Water & Sewer District to refund bonds in the
amount of $30,000,000 in order to issue new bonds at a lower
interest rate. This refunding process will save the District
approximately $5,000,000.
District commissioner Greer inquired as to whether the debt
will increase?
Finance Director Atkinson stated the interest rates on the
market when the bonds are sold will determine if the debt will
increase. It is anticipated that if an increase occurs, it will be
very small; however, the savings gained will more than offset this
increase. Also, if the County decides not to refund the bonds, J.
D. Peeler, the investment advisor, will not charge a fee; however,
the bonding companies, Standards & Poors and Moody's will charge
for the bond ratings.
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Motion: Chairman Mathews MOVED,
to open the publ ic Hear ing .
UNANIMOUSLY.
SECONDED by Vice-Chairman Barone
Upon vote, the MOTION CARRIED
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MINUTES OF REGULAR MEETING, JANUARY 19, 1993
Chairman Mathews opened the Public Hearing and inquired as to
whether anyone from the general pUblic would like to comment.
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No comments were received.
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Motion: Chairman Mathews MOVED,
to close the Public Hearing.
UNANIMOUSLY.
SECONDED by Vice-Chairman Barone
Upon vote, the MOTION CARRIED
Chairman Mathews closed the Public Hearing.
REQUEST FOR SEWER ALLOCATION - 4232 NORTH KERR AVENUE
County Engineer, Wyatt Blanchard, reported that Mr. C. A.
Spencer of 4232 North Kerr Avenue has requested a sewer allocation
of 100 gallons or less per day for an office located in Glynnwood
Mobile Home Park. The District has received 100,000 gallons of
allocation in the city's Northside Treatment Plant with only 42,224
gallons allocated at this time, not including this request. Staff
recommends granting the sewer allocation.
Motion: District commissioner Greer MOVED, SECONDED by Vice-
Chairman Barone to grant the sewer allocation of 100 gallons or
less per day to Mr. C. A. Spencer as requested. Upon vote, the
MOTION CARRIED UNANIMOUSLY.
ADOPTION OF RESOLUTION ACCEPTING STREET RIGHT-OF-WAY FOR SEWER
CONSTRUCTION IN LONG LEAF ACRES
County Engineer, Wyatt Blanchard, requested adoption of a
resolution accepting a street right-of-way in Long Leaf Acres
Subdivision to allow construction and maintenance of a sewer line.
The street has been offered for pUblic use. It should be noted
that acceptance of the street right-of-way does not include street
maintenance.
Motion: District commissioner Greer MOVED, SECONDED by Vice-
Chairman Barone to adopt the resolution accepting the street right-
of-way in Long Leaf Acres. Upon vote, the MOTION CARRIED
UNANIMOUSLY.
A copy of the resolution is hereby incorporated as a part of
the minutes and is contained in W&S Exhibit Book II, Page 6.
ADJOURNMENT
Motion: District Commissioner Greer MOVED, SECONDED by District
commissioner Caster to adjourn. Upon vote, the MOTION CARRIED
UNANIMOUSLY.
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MINUTES OF REGULAR MEETING, JANUARY 19, 1993
Chairman Mathews adjourned the meeting at 12:30 P.M.
Respectfully submitted,
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Lucie F. Harrell
Clerk to the District Board
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