Loading...
HomeMy WebLinkAbout1986-06-16 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: i__~.L22~L_21~ ------------ 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 i__~.L22~.L21~ ------------ Section 3: For said fiscal year there appropriated out of the Water Fund the sum of is hereby i_____21.LQQQ ------------ 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 ------------ 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. ..... ~~ ........ 1J';~ '-- .- .- -. r . ~ . e. _ ! "'" ... . .. ~ :(~VI \ ('t .. 0 . i { >}. \ ~ ':t.. ~7 ~ '-- ~ ~ e~ e' 0 u..._." .. ~ ~ ~... oJ".,;e. .. ~~ .... 4> ...........,. ~~ n ...." , I; D S EV4lJ: ~'1 .,...~.yv~ Clerk r/ ~- "- ( ,.' 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. 4)~O'4ER Coii~#' ~ .......... ~I'L' _~.' e. r" ~ .e '. <II \ .. ~ .' ee ~ \ .. . .~ ! ( )\ J . . . . . .. ; ~ .. _ y"'l" "-/ .. ?JI. '. .. OAt"'''I>O'T~ .' ~ -. ~ e. .INCUS'... .0- ~ ~ r~'e '" ,eO ~-,.. 11 '.. 7 ...e....... ~~ ",'- ATTEST'~" "11;0 SE\Ur.V- ~ ."e'" "'II, 11 ~ ..... 1111,10......... ~~~,~, C au 0 Shields~~hairm Board of District Commissioners ~ if;-(~ Clerk L to "; . >4l!;. ~I"~, ;;/ 'i:'.~ <~ ,r 11:li ' i Iii /1 'I. I; '1'0: 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. .r.... ~,"5.;;..:. "1~~ '. '\..... ,..... '", .>Ii ......;,- .. 'l " l' , .,'::'<1 .C :1 '~..' _ " t... ~ .', ~:~ . .." . , " ~ ~ .. \ . I. I " ! ~ r . 4, ;( '" .~ . ,1: .r .. ." , '. l . " ~ "',; (;'" ~,'\ $, , "fJ'~ ~{~ ~,t,. /:;. ~'I" 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 ~"""""""" ~.~\l'4ER co;:#### /..~ ~~ ...n... ~I'':#~ .1It ~ .... .... ~ ~ ~ ~ .. .. ~ ~ : ~ .. .1.. ('I) \ : . . . : : ~ i : : ): f. : . . . . .. ~ ~ .. -// : ,... I ~ .",~ .. ...~I..ORT. ...!f::!.. .... ";'" e. ,,"OUIT", ".. ~ ~ .. "'^ ... ... ~. ~ .~ ". ". A ........ ,~.... '. "ltO ft ~, .... "'" SEW t" ........ I., .... .".......... June, 1986. ~V!~ 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. \",.." II ""'" Sworn to and subscribe~~R~t~~#.O,~~~ me on the day of the ~~:.~'r ~".'v;':';1- '-;. sa id statement. f"" /':V1."\-!' ,,-.,."" ...... '\ /:) If} ~ : .~:..,q:'.'H'~ :-: (sl) , It)! . ,~ tary PublIC ~ --?-_.... 'U3UG / f ..., (.' '1 -.;'I. 4111." .. () tt,'" "ll!I t;./ I.., "<-"."1":00: (\ ~~ ......... " 'i C'!:)J;':~' ~. \,. . \' I, ' '2 IJ _ ..~ ," My Commission expires th~.,~,day of ,AI'~ 19.Jt; STATE OF NORTH CAROLINA ) . . ) 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 ~u ~~if* 0 ~~ ........ l/4'I"... -~.. .. ~ ~ .. e. .. OiL.. . .~.\ ..i::' · , .....-~ ; ..... ... - \~) :. " ..... .. 0 · .. . ) . : : : . . .. : ~ . ~...../ : .... - . - /-""/. -:. ?... .. .. onto'a'OltTl .. ~ _.. ~.. J.O"IT"' -. ~/. . ,-...".. ... ,.. ~ .... 'T' '" ......".. ~c,..<t; .........,. ~ D S E'H l \l. ~.......... '..."...........,. 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- -2- :ly , 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 -3- I".' 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 * * * * * * Chairman O'Shieicl1introduced the following bond order which was read at length: .' "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 -2- ~ 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- -3- ", ,.. . 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. -4- " ..:. d'.' (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 * * * * * -5-