1998-12-21 RM Exhibits
~
RESOLUTION
OFTHE
BOARD OF COMMISSIONERS
OF
NEW HANOVER COUNTY
WHEREAS, after due advertisement, proposals were received for banking services for New
Hanover County from the following institutions:
NationsBank
First Union National Bank
Waehovia
First Citizens
BB&T
AND WHEREAS, staff has evaluated the proposals and has determined that the proposal
submitted by NationsBank provides the best package for the county;
AND WHEREAS, the Finance Director and the County Manager recommend that the
contract for banking services be awarded to NationsBank of Wilmington, North Carolina,
AND WHEREAS, interest income earned exceeds the charges for the services of this
contract;
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New
Hanover County that the contract for banking services for the county, RFP # 99-0135 be awarded
to NationsBank; with an anticipated implementation date of February 1, 1999; and that the County
is hereby authorized and directed to execute the contract, contract form to be approved by thc County
Attorney
This 21 st day of December 1998.
(SEAL)
~)~Qclk
Chairman, Board of County Commissioners
ATTEST
~~/~
Cl to the Board
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NEW HANOVER COUNTY TAX COLLECTIONS
COLLECTIONS THRU 11/30/98
CURRENT TAX YEAR - 1998
~QQ-~=------~-QQ~-~~---
ORIGINAL TAX LEVY PER SCROLL
DISCOVERIES ADDEO
LESS ABATEMENTS
TOTAL TAXES CHARGED
ADVERTISING FEES CHARGED
LISTING PENALTIES CHARGED
CLEANING LIENS CHARGED
TOTAL LEVY
COLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
BACK TAXES
....____C1C1C1C1C1
REAL ESTATE AND PERSONAL PROPERTY
CHARGES ADDEO
LESS ABATEMENTS
TOTAL TAXES DUE
COLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
ROOM OCCUPANCY TAX COLLECTIONS
PRIVILEGE LICENSE COLLECTIONS
EMS COLLECTIONS
AD VALOREM
C::Oc:tc:raClc:lc::lac::lQc:tc:lClc:tCl
$ 60,356,678.07
2,547,779.30
116, 789 .09~
acaClcacClClClc:tCClClc:::lo;:::JCJ
$ 62,7B7,668.28
.00
76,464.62
3,445.00
C1c::1C1C:Oc:;lc:t""'....C1C1c:t_c:o_ea
$ 62,867,577.90
17,075,648.17~
C1ClCJc:tClCIICll'Cl"aCl_C1C1C1Cl1
$ 45,191,929.13
27.16%*
$ 2,800,390039
17,123010
16,690.24~
ClICOIClClClClIClClClc:lCtClQQCI
$ 2,800,823.85
691,154.46~
c:tClc:rc:rCl___C1C1C1Cl1Cl1C1c::::l
$ 2,109,669039
24.68%
NOV 1998
C1C1QClI_c:lc::&ClICO_C1_Cl_
161,843.67
1,812.50
.00
CONSENT AGENDA
DATE:_________
ITEM NO.______
MOTOR VEHICLE
COC=OClCto;:::JC=ClClClIClClc:oc:tClCl
$ 3,722,311.93
12,610003
36,613.50~
ClClCJc:t",,"_=_Cl:IClQClI::I__
$ 3,698,308046
000
.00
.00
c::ICllClCllc::llc:rc:lc:lClCle:lClQClCI
$ 3,698,308.46
2,623,941.07~
__"""ClIC1Cl_CllC>Oc::Ic:lClc:::Ic::ICI
$ 1,014,361039
70.95%*
FISCAL YTD
c::ICl:Ic::::lCl___Clc:I___C1...
1,365,816082
16,316063
.00
TOTAL MONEY PROCESSED THRU COLLECTION OFfICE FOR NEW HANOVER COUNTY,
CITY Of WILMINGTONR WRIGHTSVILLE BEACH, CAROLINA BEACH AND KURE
BEACH TO DATE ~ $211,119,156.42. -;J.;1
THIS REPORT IS FOR fISCAL YEAR BEGINNING JULY I, 1998. ~
~ECTFULLY SUBMITTED,
PAT~tc1~"J'. %N~ ~.,CV
COLLECTOR O~EJg~~
* COM8INED COLLECTION PERCENTAGE ~ 29.59%
CONSENT AGENDA
DATE:_________
ITEM NOo______
NEW HANOVER COUNTY FIRE DISTRICT TAX COLLECTIONS
COLLECTIONS THRU 11/30/98
CURRENT TAX YEAR ~ 1998
_~a~__~Q_~_a_~_______~a
ORIGINAL TAX LEVY PER SCROLL
DISCOVERIES ADDED
LESS ABATEMENTS
TOTAL TAXES CHARGED
LISTING PENALTIES CHARGED
TOTAL LEVY
CDLLECTIONS TO DATE
OUTSTANDING BALANCE
PERCENTAGE COLLECTED
BACK TAXES
_IlOClc:I__-=-_c:::IC::O
REAL ESTATE AND PERSONAL PROPERTY $
CHARGES ADDED
LESS A8ATEMENTS
TOTAL TAXES DUE
COLLECTIONS TO DATE
OUTSTANDING 8ALANCE
PERCENTAGE COLLECTED
THIS REPORT IS FOR FISCAL YEAR BEGINNING JULY Iv 19980
~ECTFULLY SUBMITTEDp
-YCL\-n <,Iv 9\ ~} '""IO'Y
PATRICIA Jo ~NOR
COLLECTOR OF REVENUE
AD VALOREM
MOTOR VEHICLE
C2QIlOClC3COe::llc::oc:oc:oaac::ooEII
c:Jc:3c::l1C1C1C1c::::11Cll..."",,_Qc:lClc::l
$ Ip337v298050
57v751099
23v406066-
c:rOClClClClc::lClQCI__cac::lCl
$ Iv371v643083
Ip809025
aClQc::lICI""'ClC2C1l1;1c::oaClC::OQ
$ Iv373v45300B
428v230079-
.c::Ic::::Ic:::aC::O_c::Ic:l_ac::lClc::llc::oClc:::l
$ 945p222029
31018%*
$
86v2950 77
478001
871020~
__a """C1_ClI ClCOl_Cl:lClc::::lClCl
$ 85v902058
000
c:::IClClC::O....c::IQ""'ac::lc:::lc:::lc::lO_
$
85v902058
63 v2610 3l~
C1C1c:oac;sc;:oc:::o____c::oClC2C:1
$ 22.641027
73064%*
53p053009
452075
400048~
ClC::OCIIClClClClClaQCI_c:tClCl
$
53vl05036
14p597070-
_CI'Clc:lClIClClCll'Cllc::::lCllO_C:OC:O
$ 38v507066
27049%
rfJ
* COM8INED COLLECTION PERCENTAGE - 33068%
NORTH CAROLINA STATE DEPARTMENT OF TRANSPORTATION
REQUEST FOR ADDITION TO STATE MAINTAINED SECONDARY ROAD SYSTEM
North Carolina
County of New Hanover
Road(s) Description
ROADS IN SENTRY OAKS SUBDIVISION
WHEREAS, the attached 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 in red on the attached map, be
added to the Secondary Road System; and
WHEREAS, the Board of County CommisElioners 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
of New Hanover that the Division of Highways is hereby requested to review the
above described road(s), and to take over the 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
21ST day of DECEMBER 1998
,f~ my
hand and official seal this the
, 1998
cf( / iU
day of
~VH~~~O the
New Hanover County Board of
Commissioners
Board
Form SR-2
Please Note
resolute wp
Forward direct~y to the District Engineer, Division of Highways
RESOLUTION AUTHORIZING THE FILING OF AN APPLICATION
FOR APPROVAL OF A FINANCING AGREEMENT AUTHORIZED
BY NORTH CAROLINA GENERAL STATUTE 153A-165
WHEREAS, the County of New Hanover, North Carolina desires to lease with an option to
purchase property containing improvements consisting of two adjoining and connected office
buildings with a street address of 138 North Fourth Street (the "Project") to better serve the citizens
of New Hanover; and
WHEREAS, the County of New Hanover desires to finance the Project by the use of a lease
purchase agreement authorized under North Carolina General Statute 153A-165 and
WHEREAS, findings offact by this governing body must be presented to enable the North
Carolina Local Government Commission to make its findings of fact set forth in North Carolina
General Statue 15, Article 8 Section 1515 prior to approval of the proposed contract;
NOW THEREFORE, BE IT RESOLVED that the Board of Commissioners of New
Hanover North Carolina, meeting is regular session on the 21 st day of December, 1998 make the
following findings of fact:
I The proposed contract is necessary or expedient because it is essential to the
County's proper, efficient and economic operation and to the general health and
welfare of its inhabitants, that the Project will provide an essential use and will
permit the County to carry out public functions that it is authorized by law to
perform, and that entering into the Contract is necessary and expedient for the County
by virtue of the findings presented herein,
2. The proposed contract is preferable to a bond issue for the same purpose because the
time required for a general obligation bond election would cause an unnecessary
delay which would thereby decrease the financial benefits of accruing the Project,
3 The County hereby determines that the estimated cost of financing the Project
pursuant to the Contract reasonably compares with an estimate of similar costs under
a bond financing for the same undertaking.
4 The County of New Hanover s debt management procedures and polices are good
because (i) the County's budget process and Annual Budget Ordinance are in
compliance with the Local Government Budget and Fiscal Control Act, and external
auditors have determined that the County has conformed with generally accepted
accounting principles in preparing its Annual Budget Ordinance; (ii) past audit
reports of the County indicate that its debt management and contract obligation
payment polices have been carried out in strict compliance with the law and the
County has not bcen censured by the North Carolina Local Government Commission
(the "LGC"), external auditors or any other regulatory agencies in connection with
such debt management and contract obligation payment policies.
5 The County does not anticipate future property tax increases solely to pay installment
payments falling under the Contract in any fiscal year during the term of the Contract.
6. The County of New Hanover is not in default in any of its debt service obligations.
7 The attorney for the County of New Hanover has rendered an opinion that the
proposed Project is authorized by law and is a purpose for which public funds may
be expended pursuant to the Constitution and laws of North Carolina.
NOW, THEREFORE, BE IT FURTHER RESOLVED that the Manager and Finance Officer
are hereby authorized to act on behalf ofthe County of New Hanover in filing an application with
the North Carolina Local Government Commission for approval of the Project and the proposed
leased purchase agreement and other actions not inconsistent with this resolution.
This resolution is effective upon is adoption this 21st day of December 1998.
",The motion to adopt)his resolution was made b~~ seconded
by ~ ~ and passed by a vote of s' to"
ATTEST
~'{/_7/~
CI k
1J~Q ~
Chairman
STATE OF NORTH CAROLINA
COUNTY OF NEW HANOVER
)
)
)
I, Lucie F Harrell, duly appointed Clerk to the Board of Commissioners of the County of New
Hanover, North Carolina, do hereby certify that the foregoing is a true and accurate copy of the resolution
which was passed by the Board of Commissioners of the County of New Hanover North Carolina, at its
regular meeting held on December 21 1998 to become effective on December 21 1998 and that such
resolution has been duly recorded in the minutes of the County
WITNESS my hand and the corporate seal of the County of New Hanover North Carolina, this
th~/.d day of December 1998
B(JQ~ '<~ ~ /
~~arrell
Clerk to the Board of Commissioners of the
County of New Hanover North Carolina
PROJECT ORDINANCE
COUNTY ADMINISTRATION BUILDING
BE IT ORDAINED by the Board of Commissioners of New Hanover
County
1 New Hanover County(County) is engaged in the Construction
of the County Administration Building which capital proj ect
involves the construction and/or acquisition of capital assets
2 County desires to authorize and budget for said project in
a proj ect ordinance adopted pursuant to North Carolina General
Statute $159-13 2, such ordinance to authorize all appropriations
necessary for the completion of said project
NOW THEREFORE, WITNESSETH THAT
1 This project ordinance is adopted pursuant to North
Carolina General Statute $159-13 2
2 The project undertaken pursuant to this ordinance is the
Construction of the County Administration Building Capital Project
which project is herewith authorized
3 The revenue that will finance said project is
Installment Financing $8.060,000
Total $8,060,000
4 The following appropriations necessary for the project are
herewith made from the revenue listed above
Capital Project Expense
Total
$8,060,000
$8.060.000
5 This project ordinance shall be entered in the minutes of
the Board of Commissioners of New Hanover County
Within five days
hereof, copies of this ordinance shall be filed with the finance
and budget offices in New Hanover County, and with the Clerk to the
Board of Commissioners of
Adopted this c?/A.-t
New Hanover ~unty.
day of ~ /
, 1998
~d~_
1:J~ Q. Co.k
Clerk to the Board
william A Caster, Chairman
Board of County Commissioners
A RESOLUTION OF THE BOARD OF CO~L\1lSSIONERS OF THE
COUNTY OF NEW HANOVER, NORTH CAROLINA, ApPROVING AN
INST ALLMENT FINANCING CONTRACT AND A DEED OF TRUST
WITH RESPECT THERETO AND DELIVERY TlillREOF AND
PROVIDING FOR CERTAIN OTHER RELATED MATTERS.
WHEREAS, the County of New Hanover North Carolina (the 'County') is a duly and regularly
created, organized and validly existing political subdivision of the State of North Carolina, existing as such
under and by virtue of the Constitution, statutes and laws of the State of North Carolina (the 'State');
WHEREAS the County has the power pursuant to Section 160A 20 of the General Statutes of
North Carolina, as amended, to (i) purchase real and personal property (ii) enter into installment financing
contracts in order to finance the purchase of real and personal property used, or to be used, for public
purposes, and (iii) finance the construction of fixtures or improvements on real property by contracts that
create in the fixtures or improvements and in the real property on which such fixtures or improvements
are located a security interest to secure repayment of moneys advanced or made available for such
construction,
WHEREAS the Board of Commissioners of the County (the Bo,1rd') hereby determines that it
is in the best interests of the County to receive an advance of funds in an aggregate principal amount of
not more than $12,500,000 by entering into an installment financing contract (the 'Contract') with First
Union National Bank, a national banking association (the 'Bank') and a deed of trust and security
agreement related thereto (the Deed of Trust') to secure the County's obligations under the Contract, in
order to provide a portion of the funds necessary for the acquisition of Airlie Gardens, a 66.34 acre tract
of land located off Airlie Road in the County (the Project') as more specifically described in Exhibit A
to the Contract;
WHEREAS, the Project will be owned and operated by the County to serve the needs of the
citizens of the County'
WHEREAS, the County hereby determines that the acquisition of the Project is essential to the
County s proper efficient and economic operation and to the general health and welfare of its inhabitants,
that the Project will provide an essential use and will permit the County to carry out public functions that
it is authorized by law to perform, and that entering into the Contract is necessary and expedient for the
County by virtue of the findings presented herein,
WHEREAS, the County hereby determines that the estimated cost of the Project is not less than
$12,500 000 and that such cost of the Project exceeds the total sum of certain grants the County expects
to receive in connection with the Project and the amount that can be prudently raised from currently
available appropriations, unappropriated fund balances and non voted bonds that could be issued by the
County in the current fiscal year pursuant to Article V Section 4 of the Constitution of the State
WHEREAS, although the cost of the Project pursuant to the Contract is expected to exceed the cost
of financing the Project pursuant to a bond financing for the same undertaking, the County hereby
determines that the cost of financing the Project pursuant to the Contract and the Deed of Trust and the
obligations of the County thereunder are preferable to a general obligation bond financing because the time
required for a general obligation bond election would cause an unnecessary delay which would thereby
decrease the financial benefits of acquiring the Project;
PPAB-CHl/322262 1
WHEREAS, the County hereby detennines that the estimated cost of financing the Project pursuant
to the Contract reasonably compares with an estimate of similar costs under a bond financing for the same
undertaking as a result of the findings delineated in the above preambles;
WHEREAS, the obligation of the County to make Installment Payments under the Contract is a
limited obligation of the County payable solely from currently budgeted appropriations of the County and
does not constitute a pledge of the faith and credit of the County within the meaning of any constitutional
debt limitation;
WHEREAS,.in order to secure the County's obligations under the Contract, the County will enter
into the Deed of Trust with the deed of trust trustee named therein for the benefit of the Bank;
WHEREAS, the County does not anticipate future property tax increases solely to pay installment
payments falling due under the Contract in any fiscal year during the term of the Contract;
WHEREAS, the County reasonably anticipates the sums to fall due under the Contract will not
exceed $13,500 000 00 for each of the two fiscal years that the Contract will be in effect;
WHEREAS, the County presently intends to refinance the principal component of the installment
payments when such principal component falls due;
WHEREAS, Parker Poe, Adams & Bernstein L.L.P as special counsel ( 'Special Counsel'), will
render an opinion to the effect that entering into the Contract and the transactions contemplated thereby
are authorized by law and constitute a purpose for which public funds may be expended pursuant to the
Constitution and laws of the State;
WHEREAS, no deficiency judgment may be rendered against the County in any action for its
breach of the Contract, and the taxing power of the County is not and may not be pledged in any way
directly or indirectly or contingently to secure any moneys due under the Contract;
WHEREAS, the County is not in default under any of its debt service obligations;
WHEREAS, the County's budget process and Annual Budget Ordinance are in compliance with
the Local Government Budget and Fiscal Control Act, and external auditors have determined that the
County has conformed with generally accepted accounting principles in preparing its Annual Budget
Ordinance;
WHEREAS, past audit reports of the County indicate that its debt management and contract
obligation payment policies have been carried out in strict compliance with the law and the County has
not been censured by the North Carolina Local Government Commission (the LGC'), external auditors
or any oilIer regulatory agencies in connection with such debt management and contract obligation payment
policies;
WHEREAS, the Board conducted a public hearing with respect to the Project on December 21
1998 to receive public comments on the Project, the proposed financing, the Contract and the Deed of
Trust relating to the Project and the County has filed an application with the LGC for approval of the LGC
with respect to the County entering into the Contract;
PPAB-ClIl/322262 1
2
WHEREAS, there has been presented to the Board the forms of the Contract and the Deed of Trust
(collectively the 'Instruments'), copies of which are attached hereto which the County proposes to
approve, enter into and deliver as applicable, to effectuate the proposed financing at a variable rate of
interest reset quarterly based on 92 % of the 90 Day LIBOR Rate (as defined in the Contract) and for a
maximum principal amount of $12,500,000 as specified in the Instruments, and
WHEREAS, it appears that each of the Instruments is in appropriate form and is an appropriate
instrument for the purposes intended;
NOW, THEREFORE, BE IT RESOL VED BY THE BOARD OF COMMISSIONERS OF THE
COUNTY OF NEW HANOVER, NORTH CAROLINA, AS FOLLOWS.
Section 1 Ratification of Prior Actions, All actions of the County the County Manager the
Finance Officer of the County and the Clerk to the Board and their respective designees in effectuating the
proposed financing are hereby approved, ratified and authorized pursuant to and in accordance with the
transactions contemplated by the Instruments.
Section 2. Approval, Authorization and Execution of Contract. The County hereby approves
the Project in accordance with the terms of the Contract, which will be a valid, legal and binding obligation
of the County in accordance with its tenns. The County hereby approves the amount advanced by the Bank
to the County pursuant to the Contract in an aggregate prinicipal amount of $12,500000 such amount to
be repaid by the County to the Bank as provided in the Contract in 8 quarterly installments of principal and
interest in arrears at a variable rate of interest rate reset quarterly based on 92 % of the 90 Day LIBOR Rate
(as defined in the Contract) The form, terms and content of the Contract are in all respects authorized,
approved and confirmed, and the Chairman, the County Manager the Finance Officer of the County and
the Clerk to the Board or their respective designees are authorized, empowered and directed to execute and
deliver the Contract for and on behalf of the County including necessary counterparts, in substantially the
form attached hereto but with such changes, modifications, additions or deletions therein as shall to them
seem necessary desirable or appropriate, their execution thereof to constitute conclusive evidence of their
approval of any and all such changes, modifications, additions or deletions, and that from and after the
execution and delivery of the Contract, the Chairman, the County Manager the Finance Officer of the
County and the Clerk to the Board or their respective designees are hereby authorized, empowered and
directed to do all such acts and things and to execute all such documents as may be necessary to carry out
and comply with the provisions of the Contract as executed.
Section 3 Approval, Authorization and Execution of Deed of Trust. The form, terms and
content of the Deed of Trust are in all respects authorized, approved and confirmed, and the Chairman,
the County Manager the Finance Officer of the County and the Clerk to the Board or their respective
designees are authorized, empowered and directed to execute and deliver the Deed of Trust for and on
behalf of the County including necessary counterparts, in substantially the form attached hereto, but with
such changes, modifications, additions or deletions therein as shall to them seem necessary desirable or
appropriate their execution thereof to constitute conclusive evidence of their approval of any and all such
changes, modifications, additions or deletions, and that from and after the execution and delivery of the
Deed of Trust, the Chainnan, the County Manager the Finance Officer of the County and the Clerk to the
Board or tlleir respective designees are hereby authorized, empowered and directed to do all such acts and
tllingS and to execute all such documents as may be necessary to carry out and comply with the provisions
of the Deed of Trust as executed.
PPAn-CHl/322262.1
3
Section 4 Further Actiolls. The County Manager the Chairman of the Board and the Finance
Officer of the County are hereby designated as the County's representatives to act on behalf of the County
in connection with the transactions contemplated by the Instruments, and the County Manager the
Chainnan of the Board and the Finance Officer of the County are authorized and directed to proceed with
the construction, equipping and furnishing of the Project in accordance with the terms of the Instruments,
and to seek opinions on matters of law from the County Attorney which the County Attorney is authorized
to furnish on behalf of the County and opinions of law from such other attorneys for all documents
contemplated hereby as required by law The Chairman, the County Manager and the Finance Officer of
the County are hereby authorized to designate one or more employees of the County to take all actions
which the Chairman, the County Manager and the Finance Officer of the County are authorized to perform
under this Resolution, and the Chairman, the County Manager the Finance Officer of the County or their
designees are in all respects authorized on behalf of the County to supply all information pertaining to the
transactions contemplated by the Instruments. The Clerk to the Board, the County Manager the Chairman
of the Board and the Finance Officer of the County are authorized to execute and deliver for and on behalf
of the County any and all additional certificates, documents, opinions or other papers and perform all other
acts as may be required by the Instruments or as they may deem necessary or appropriate in order to
implement and carry out the intent and purposes of this Resolution.
Section 5 Repealer All motions, orders, resolutions, ordinances and parts thereof in conflict
herewith are hereby repealed.
Section 6. Severability. If any section, phrase or provision of this Resolution is for any reason
declared to be invalid, such declaration shall not affect the validity of the remainder of the sections, phrases
or provisions of this Resolution.
Section 7 Effective Date. This Resolution shall become effective on the date of its adoption.
YEAS
Chairman William A Caster
Vice-Chairman Robert G Greer
Co~issioner Buzz Birzenieks
Commissioner Ted Davis, Jr
Co~issioner Charles R. Howell
NAYES
None
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4
PASSED ADOPTED AND APPRO VED this 21 st day of December 1998
C01J/';TY OF NEW lIA1'10YER, NORTH CAROLINA
D~q~
William A. Caster
Chairman, Board of Commissioners
Attest:
~,,<,/y/~
k to the Board
PPAB-Clll/322262.1
5
STATE OF NORTH CAROLINA
)
)
)
COUNTY OF NEW HANOVER
I, Lucie F Harrell, duly appointed Clerk to the Board of Commissioners of the County of New
Hanover North Carolina, do hereby certify that the foregoing is a true and accurate copy of the resolution
which was passed by the Board of Commissioners of the County of New Hanover North Carolina, at its
regular meeting held on December 21 1998, to become effective on December 21 1998 and that such
resolution has been duly recorded in the minutes of the County
WITNESS my hand and the corporate seal of the County of New Hanover North Carolina, this
the~ day of December 1998
B~~/~_
Lu e F Harrell
Clerk to the Board of Commissioners of the
County of New Hanover North Carolina
PPAB-CHl/3222fi2 1
6
EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS
A Regular Meeting of the Board of Commissioners of the County of New Hanover, North
Carolina was duly held on December 21, 1998, at 9:00 a.m. in the Assembly Room, Third Floor,
New Hanover County Courthouse, 24 North Third Street, Wilmington, North Carolina with
Chairman William A. Caster presiding.
Commissioners Present:
Chairman William A. Caster
Vice-Chairman Robert G Greer
Commissioner Buzz Birzenieks
Commissioner Ted Davis, Jr
Commissioner Charles R. Howell
Commissioners Absent:
None
Commissioners Abstaining:
None
* * * * * * * *
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
COUNTY OF NEW HANOVER, NORTH CAROLINA, APPROVING AN
INSTALLMENT FINANCING CONTRACT AND A DEED OF TRUST
WITH RESPECT THERETO AND PROVIDING FOR CERTAIN OTHER
RELATED MA TIERS.
Commissioner Buzz Birzenieks moved that the following resolution be adopted, seconded
by Vice-Chairman Robert G. Greer
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
COUNTY OF NEW HANOVER, NORTH CAROLINA, APPROVING AN
INSTALLMENT FINANCING CONTRACT AND A DEED OF TRUST
WITH RESPECT THERETO AND DELIVERY THEREOF AND
PROVIDING FOR CERTAIN OTHER RELATED MA TERS.
The motion was adopted by the following vote:
Ayes:
Chairman William A. Caster
Vice-Chairman Robert G. Greer
Commissioner Birzenieks
Commissioner Ted Davis, Jr.
Commissioner Charles R. Howell
Nays:
None
*******
STATE OF NORTH CAROLINA )
COUNTY OF NEW HANOVER )
I, Lucie F Harrell, duly appointed Clerk to the Board of Commissioners of the County of
New Hanover, North Carolina, do hereby certify that the foregoing is a full, true and accurate extract
from the minutes ofthe Board of Commissioners of the County of New Hanover, North Carolina,
from its Regular Meeting held on December 21, 1998, relating to the resolution approving an
installment financing contract and the matters addressed therein.
WITNESS my hand and the corporate seal of the County of New Hanover, North Carolina,
this the.,q,4,t day of December, 1998.
BY~ >(;/ ~
Luc F Harrell,
Clerk to the Board of Commissioners of the
County of New Hanover, North Carolina
EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS
A meeting of the Board of Commissioners for the County of New Hanover, North Carolina,
was held in the New Hanover Countv Courthouse, 24 North Third Street, Room 301 Wilmington,
North Carolina, at 9: 00 AL.M. on December 21, 1998.
Present:
Chairman William A. Caster; Vice-Chairman Robert
G Greer; Commissioner Buzz Birzenieks; Commissioner
Ted Davis, Jr ; Commissioner Charles R Howell
Absent:
None
Also present: r.ol1nty Hi'mager, Allen O'Neal: County Attorney
Wanda M. Copley; and Clerk to the Board, Lucie
F Harrell
*
*
*
Commissioner Birzenieks
read by title:
introduced the following resolution, which was
"RESOLUTION RELATING TO REVENUE BOND ISSUE
FOR NEW HANOVER REGIONAL MEDICAL CENTER"
WHEREAS, the Board of Trustees of New Hanover Regional Medical Center has requested
the County to preliminarily approve issuance by the County of not in excess of $130,000,000
principal amount of revenue bonds to repay a loan incurred to acquire the assets of Columbia Cape
Fear Memorial Hospital and to finance approximately $18,700,000 in improvements to the facilities
it operates; and
WHEREAS, the Board of County Commissioners, recognizing that it will later consider
adoption of a resolution actually providing for issuance of those revenue bonds, wants to indicate
its preliminary approval of the revenue bond financing;
C-556935vOli .13704 00013
NOW THEREFORE, BE IT RESOLVED that the Board of County Commissioners
approves the revenue bond financing described above, subject to adoption of a resolution providing
for issuance of the bonds.
The motion having been duly seconded, and the resolution having been considered, it was
adopted by the following vote:
A YES 5
NAYS 0
C-556935vOll .13704.00013
I
STATE OF NORTH CAROLINA )
88.:
COUNTY OF NEW HANOVER
)
I, LUCIE F HARRELL, Clerk to the Board of Commissioners of the County of New
Hanover, DO HEREBY CERTIFY as follows:
A meeting of the Board of Commissioners of the County of New Hanover, located
in the State of North Carolina, was duly held December 21, 1998, such meeting having been
noticed, held and conducted in accordance with all requirements of law (including open meetings
requirements), and minutes of that meeting have been duly recorded in the Minute Book kept by me
in accordance with law for the purpose ofrecording the minutes of the Board.
2. I have compared the attached extract with the minutes so recorded and the extract
is a true copy of those minutes and of the whole thereof insofar as those minutes relate to matters
referred to in the extract.
3 That extract correctly states the time when the meeting was convened and the place
where the meeting was held and the members of the Board who attended the meeting.
IN WITNESS WHEREOF I have hereunto set my hand and have hereunto affixed the
seal of the County on December ~/ , 1998.
~y //~
Cle to the Board of Commissione~
C+S56935v01! 13704 00013