1986-06-16 W&S Exhibit
NEW HANOVER COUNTY WATER AND SEWER DISTRICT, NORTH CAROLINA
1986-87 BUDGET ORDINANCE
BE IT ORDAINED by the New Hanover County Water and
Sewer District, North Carolina in special session assembled:
Section 1: The following amount is hereby appropriated
for the operation of New Hanover County Water and Sewer District
and its activities for the fiscal year beginning July 1, 1986,
and ending June 30; 1987:
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Section 2: It is estimated that the following revenues
will be available during the fiscal year beginning July 1, 1986,
and ending June 30, 1987, to meet the foregoing appropriations:
Appropriated Fund Balance
Contributions from New Hanover County
User Fees and Tap Fees
$ 1,401,018
1,142,594
125,000
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Section 3: For said fiscal year there
appropriated out of the Water Fund the sum of
is
hereby
i_____21.LQQQ
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Section 4: It is estimated that the following Water
Fund Revenues will be available during the fiscal year
beginning July 1, 1986, and ending June 30, 1987, to meet the
foregoing Water and Sewer appropriations:
Revenue Source
Amount
Sales and Other Functional Revenues
$
91,000
Total Revenues - Water Fund
i_____21.LQQQ
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Section 5: Copies of this Budget Ordinance shall be
furnished to the Finance Director of the New Hanover County Water
and Sewer District, North Carolina, to be kept on file by him for
his direction in the collection of revenues and expenditures of
amounts appropriated.
................",
~~.~~~ER~~iD, this 16th day of June, 1986.
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RESOLUTION
OF THE
NEW HANOVER COUNTY
WATER AND SEWER DISTRICT
BOARD OF DISTRICT COMMISSIONERS
WHEREAS the District entered into a contract with KLR
Development Company, dated May 7, 1985, which contract assigned
responsibili ties for the transport of sani tary sewage from the
Greenville Mobile Home Park; and
WHEREAS Paragraph 7 of said contract provides the
contract is not transferable or assignable by either party
without the written consent of the other party; and
WHEREAS KLR Development Compay proposes to assign all
its rights and responsibilities under the contract to Roger K.
Wolf;
NOW, THEREFORE, BE IT RESOLVED tha t the Board of
District Commissioners hereby approves the assignment of the
above-referenced May 7, 1985 contract to Roger K. W~lf.
~ /tt.u day of ~ . 1986.
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Board of District Commissioners
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Wyatt Blanchard
New Hanover County
FROM :
KLR Developnent Company
Roger K. Wolff
RE: Greenville MObile Home Village
'!his is to notify you that KLR Developnent Canpany has sold the project known as
Greenville Mobile Home Village to Roger K. Wolff. '!his letter is 8. request that
KLR Developnent be relieVed of any and all resPOnsibility under 8. contl'!lCt dated
May 7, 1985 between NEW HANOVER COUNrY WA'lER AND SEWER DISTRICT and KLR
DEVELoPMENr COMPANY and thet all rights and responsibilities of that contl'!lCt,
inclUding any modifications thereto, be transferred to Roger K. Wolff.
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STATE OF NORTH CAROLINA
ss. :
COUNTY OF NEW HANOVER
I, LUCIE F. HARRELL, Clerk of the Board of Commis-
sioners of the County of New Hanover and Clerk of New Hano-
ver County Water and Sewer District, in the State of North
Carolina, DO HEREBY CERTIFY that I have compared the at-
tached copy of the debt statement with the original debt
statement filed by the Finance Officer of said District in
the office of said Clerk on the
/ t.4~
day of June, 1986
and that said copy is a true copy of said statement and of
the whole thereof.
I FURTHER CERTIFY that said debt statement was
filed by said Finance Officer on said last-mentioned date
and has since it was so filed remained on file in the office
of said Clerk and has been kept open to public inspection.
IN WITNESS WHEREOF, I have hereunto set my hand
and have affixed the corporate seal of said District, this
/,:;u" day of
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June, 1986.
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C1er Board of CommiSSioners of
New Hanover County, and Clerk,
New Hanover County Water and
Sewer District
STATEMENT OF DEBT OF NEW HANOVER COUNTY WATER AND SEWER
DISTRICT, NORTH CAROLINA, MADE AND FILED PURSUANT TO SECTION
159-55 OF'THE LOCAL GOVERNMENT FINANCE ACT, AFTER THE INTRO-
DUCTION OF THE BOND ORDER AUTHORIZING THE ISSUANCE OF
$16,150,000 BONDS, INTRODUCED AT A MEETING OF THE GOVERNING
BODY OF SAID DISTRICT, HELD ON THE 16th DAY OF JUNE, 1986.
(a) Appraised value of property
subject to taxation as
certified by the County Tax
Supervisor.
$
2,300,000,000
(b) Gross debt as listed in the
attached "Schedule of Gross Debt".
$
61,300,000
(c) Deductions to be made from Gross
Debt as listed in the attached
"Schedule of Deductions".
16,150,000
$
(d) Net debt (being the difference
between the Gross Debt and
Deductions).
(e) Percentage that net debt bears
to the appraised value of
property subject to taxation.
$
45,150,000
1.96
%
gCLI.J ,~~
Finance OfflC of New Hanover
County Water and Sewer District,
North Carolina
Dated:
6/16/86
SCHEDULE OF GROSS DEBT
(The debt described below should not include
debt incurred or to be incurred in anticipa-
tion of the collection of taxes or other
'revenues or in anticipation of the sale of
bonds other than funding and refunding bonds.
The debt described below should not include
revenue bonds.)
A. Bonds authorized by orders introduced but not yet
adopted:
Purpose
Sanitary Sewer Refunding Bonds
Amount
$16,150,000
Total $16,150,000
B. Unissued bonds authorized by adopted orders:
Purpose
Sanitary Sewer Bonds
Amount
$29,000,000
Total $29,000,000
C. Outstanding debt not evidenced by bonds:
Source of Debt
Purpose
Amount
Total $
D. Outstanding debt evidenced by bonds:
Date of Bonds
Purpose
Sanitary
Sewer
Amount
June 1, 1985
$16,150,000
Total $16,150,000
Total $61.300.000
SCHEDULE OF DEDUCTIONS
A) Funding and refunding bonds authorized by
orders introduced but not yet adopted. $16,150,000
B) Funding and refunding bonds authorized
but not issued. $
C) 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 deductible under
Section 159-55(b) of The Local Government
Finance Act.) $
D) Bonded debt included in gross debt and
incurred or to be incurred for water, gas
or electric light or power purposes. $
E) Bonded debt included in gross debt and in-
curred or to be incurred for sanitary sewer
system purposes (to the extent deductible by
subsection (b) of Section 159-55 of The
Local Government Finance Act). $
F) Uncollected special assessments levied or to
be levied for local improvements for which
gross debt was or is to be incurred, to the
extent to be applied to the payment of such
gross debt. $
G) 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 $16.150.000
STATE OF NORTH CAROLINA
ss. :
COUNTY OF NEW HANOVER
Andrew J. Atkinson, being duly sworn, says that he
is the Finance Officer of New Hanover County Water and Sewer
District, in the State of North Carolina; that by a resolu-
tion passed by the Governing Board thereof he was authorized
to make the foregoing statement; and that the foregoing
statement is true and was made and subscribed by him after
the introduction of the order or orders referred to in the
heading of said statement.
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Sworn to and subscribe~~R~t~~#.O,~~~
me on the day of the ~~:.~'r ~".'v;':';1- '-;.
sa id statement. f"" /':V1."\-!' ,,-.,."" ...... '\
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tary PublIC ~ --?-_.... 'U3UG / f
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My Commission expires th~.,~,day of
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STATE OF NORTH CAROLINA
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ss. :
COUNTY OF NEW HANOVER
I, the undersigned Clerk of the Board of Commis-
sioners of the County of New Hanover and of New Hanover
County Water and Sewer District, in the State of North Caro-
lina, DO HEREBY CERTIFY that the foregoing statement and
accompanying affidavit were filed in my office on the /~~
day of June, 1986, after the introduction of the order or
orders referred to in the heading of said statement.
IN WITNESS
and af~ d the seal
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WHEREOF, I have hereunto ~et my hand
of said District, this /b~ day of
c~o~ ~ers of
New Hanover County, and Clerk,
New Hanover County Water and
Sewer District
NOTICE OF PUBLIC HEARING
"BOND ORDER AUTHORIZING THE ISSUANCE OF $16,150,000
SANITARY SEWER REFUNDING BONDS OF NEW HANOVER COUNTY
WATER AND SEWER DISTRICT"
WHEREAS, New Hanover County Water and Sewer Dis-
trict (the "District") has issued Sanitary Sewer Bonds,
dated June 1,.1985, in the aggregate principal amount of
$17,000,000, maturing on June 1 in each of the years 1986 to
2005, inclusive (the "Sanitary Sewer Bonds"); and
WHEREAS, the Board of Commissioners of the County
of New Hanover, sitting as the governing body of the Dis-
trict, deems it advisable to refund the $16,150,000 out-
standing Sanitary Sewer Bonds pursuant to and in accordance
with The Local Government Finance Act; and
WHEREAS, an application has been filed with the
Secretary of the Local Government Commission of North Caro-
lina requesting Commission approval of the bonds hereinafter
described as required by The Local Government Finance Act,
and the Secretary of the Local Government Commission has
notified the Board that the application has been accepted
for submission to the Local Government Commission; NOW,
THEREFORE,
BE IT ORDERED by the Board of Commissioners of the
County of New Hanover, sitting as the governing body of the
District, as follows:
Section 1. The Board of Commissioners of the
County of New Hanover, sitting as the governing body of the
District, has ascertained and hereby determines that it is
advisable to refund the $16,150,000 outstanding Sanitary
Sewer Bonds.
Section 2. In order to raise the money required
to refund the $16,150,000 outstanding Sanitary Sewer Bonds
as set forth above, in addition to any funds which may be
made available for such purpose from any other source, bonds
of New Hanover County Water and Sewer District are hereby
authorized and shall be issued pursuant to The Local Govern-
ment Finance Act of North Carolina. The maximum aggregate
principal amount of bonds authorized by this bond order
shall be $16,150,000.
Section 3. A tax sufficient to pay the principal
of and interest on said bonds when due shall be annually
levied and collected. The revenues of the District's sani-
tary sewer ~ystem may be pledged to the payment of the in-
terest on and principal of refunding bonds authorized by
this order if and to the extent that the Board, sitting as
the governing body of the District, shall hereafter deter-
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mine by resolution prior to the issuance of said bonds. In
such event, the tax in the District to pay the prin~ipal of
and interest on said refunding bonds may be reduced by the
amount of such revenues available for the payment of such
principal and interest.
Section 4. A sworn statement of the District's
debt has been filed with the Clerk of the Board of Commis-
sioners and of the District and is open to public inspec-
tion.
Section 5. This bond order shall take effect upon
its adoption.
The foregoing bond order has been introduced and a
sworn statement of debt has been filed under The Local Gov-
ernment Bond Act showing the appraised value of the District
to be $~. ,g1J~ tJ()~ 000 and the net debt thereof, including the
,
proposed bonds, to be $ "16' /5'0 J 111)0 . A tax will be levied
'" .
to pay the principal of and interest on the bonds if they
are issued. Anyone who wishes to be heard on the questions
of the validity of the bond order and the advisability of
issuing the bonds may appear at a public hearing or an ad-
journment thereof to be held at ~ Q~... ~~.
~'J~C:;O ~ ~. , in Wilmington, North Carolina at
9.' c/e) o'clock, A.M., on the 23rd day of June, 1986.
Lucie F. Harrell
Clerk, Board of Commissioners
of New Hanover County, and
Clerk, New Hanover County Water
and Sewer District
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EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS
SI'I'TING AS THE GOVERNING BODY OF NEW HANOVER
COUNTY WATER AND SEWER DISTRICT
The New Hanover County hlater & Sewer District met in
Regular Session on tlunday, June 16, 198(1,' at 6:01 P.N.
in the Assell)b1y l{OOPI, New Hanover County Administration
Building, Hilminuton, North Carolina.
Members present were: Claud 0' Shields, Jr., Chairman
.Jonathan Barfield, Sr., Vice-Chairman
John Dolan
Nolan O'Neal
Fred Retchin
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Chairman O'Shieicl1introduced the following bond order which was
read at length:
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"BOND ORDER AUTHORIZING THE ISSUANCE OF
$16,150,000 SANITARY SEWER REFUNDING BONDS OF NEW HANOVER
COUNTY WATER AND SEWER DISTRICT"
WHEREAS, New Hanover County Water and Sewer Dis-
trict (the "District") has issued Sanitary Sewer Bonds,
dated June l, 1985, in the aggregate principal amount of
$l7,000,000, maturing on June 1 in each of the years 1986 to
2005, inclusive (the "Sanitary Sewer Bonds"); and
WHEREAS, the Board of Commissioners of the County
of New Hanover, sitting as the governing body of the Dis-
trict, deems it advisable to refund the $l6,l50,000 out-
standing Sanitary Sewer Bonds pursuant to and in accordance
with The Local Government Finance Act; and
WHEREAS, an application has been filed with the
Secretary of the Local Government Commission of North Caro-
lina requesting Commission approval_of the bonds hereinafter
described as required by The Local Government Finance Act,
and the Secretary of the Local Government Commission has
notified the Board that the application has been accepted
for submission to the Local Government Commission; NOW,
THEREFORE,
BE IT ORDERED by the Board of Commissioners of the
County of Ne~ Hanover, sitting as the governing body of the
District, as follows:
Section 1. The Board of Commissioners of the
County of New Hanover, sitting as the governing body of the
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District, has ascertained and hereby determines that it is
advisable to refund the $16,150,000 outstanding Sanitary
Sewer Bonds.
Section 2. In order to raise the money required
to refund the $16,150,000 outstanding Sanitary Sewer Bonds
as set forth above, in addition to any funds which may be
made available for such purpose from any other source, bonds
of New Hanover County Water and Sewer District are hereby
authorized and shall be issued pursuant to The Local Govern-
ment Finance Act of North Carolina. The maximum aggregate
principal amount of bonds authorized by this bond order
shall be $16,150,000.
Section 3. A tax sufficient to pay the principal
of and interest on said bonds when due shall be annually
levied and collected. The revenues of the District's sani-
tary sewer system may be pledged to.the payment of the in-
terest on and principal of refunding bonds authorized by
this order if and to the extent that the Board, sitting as
the governing body of the District, shall hereafter deter-
mine by resolution prior to the issuance of said bonds. In
such event, the tax in the District to pay the principal of
and interest on said refunding bonds may be reduced by the
amount of such revenues available for the payment of such
principal and interest.
Section 4. A sworn statement of the District's
debt has been filed with the Clerk of the Board of Commis-
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sioners and of the District and is open to public inspec-
tion.
Section 5. This bond order shall take effect upon
its adoption.
Commissioner Retchin
moved the adoption of the following
resolution:
WHEREAS, the bond order entitled, "BOND ORDER
AUTHORIZING THE ISSUANCE OF $16,150,000 SANITARY SEWER RE-
FUNDING BONDS OF NEW HANOVER COUNTY WATER AND SEWER DIS-
TRICT", has been introduced at the meeting of the Board of
Commissioners of the County' of New Hanover, sitting as the
governing body of New Hanover Water and Sewer District, held
on June 16, 1986 and the Board of Commissioners of the
County of New Hanover, sitting as the governing body of New
Hanover County Water and Sewer District, desires to provide
for the holding of a public hearing. thereon and the submis-
sion of a statement of debt In connection therewith as re-
quired by The Local Government Bond Act; NOW, THEREFORE,
BE IT RESOLVED by the Board of Commissioners of
the County of New Hanover, sitting as the governing body of
New Hanover County Water and Sewer District, as follows:
(1) The public hearing upon said bond order shall
be held on the 23rd day of June, 1986 at 9:00 0' clock A.M. ,
Assembly Room - County Admin. Bldg. ---- --
at 320 Chestnut Street , in Wilmington, North Caro-
lina.
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(2) The Clerk of the Board of Commissioners and
of the District is hereby directed to cause a copy of the.
bond order to be published with a notice of such hearing in
the form prescribed by law in a qualified newspaper no fewer
than six days prior to such public hearing.
(3) The District's Finance Officer is hereby
directed to file with the Clerk of the Board of Commission-
ers and of the District prior to publication of the bond
order with the notice of such public hearing, a statement
setting forth the debt incurred or to be incurred, the ap-
praised value of property subject to taxation by the Dis-
trict and the net debt of the District.
The mot ion was seconded by Commissioner Dolan
and was adopted by the following vote:
AYES:
Chairman Claud O'Shields, Jr.
Vice-Chairman Jonathan Barfield, Sr.
Commissioner John Dolan
Commissioner Nolan Of Neal
COJlunissioner Fred Retchin
NAYS: None
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