1994-12-19 RM Exhibits
~E~ H4NJV~~ COUNTY TAX COLL~CtIONS
COLLECTIONS TH~U 11/30/94
:U~RE~T TAX YEAR - 1994
-------------~----~----
JRIGI~AL TAX LEVY P~R SC~OLL
DISCJVERIES ADDeD
L:::SS A3ATEMENTS
TOTAL TAXES CHARG~D
A8VE~TISING FEES CHARG=D
LISTING PENALTIES CHARGED
TJTAL LEVY
::JLLESTIJ~S T0 DIITE
)UTSfA~DI~G BALAIJCE
P=~C~NTAGE COLLECTED
3~C:< TAXES
......-...-......
~=~L ESTAT~ A~) PERS[J~AL P~~PERTY
C-iAR:;ES AfWED
L::SS ABAH:M::Nl S
TJfAL TAx~S DU=
:JLL=CTIJNS Ta DATE
JUTSTANDING 3ALANCE
?=RCENTAGE CQLLErTED
~JJM JCCU?ANCY TAX COLLECTIONS
~~IVILEGE LIC=NS~ COLLECTIONS
E"1S COLL~CTIONS
AD VALOREM
--..--...-....-......-...
$ tt3,991,3C3.53
2,303,r>32.33
: 17,882.21-
----..-...-----~...
$ tt6,276,453.65
n~
._u
35,603.tt9
--.....-----.----
$ 46,312,057.14
13,351,872.32-
,,___.._Ir'_____.......
$ 32,961),184.82
29.83%+:
$ 2,10:),664.33
55,713.79
29,129.13-
-- .-..---....-...... ....-
$ 2 , 72 6 , 64 r, . S' 9
552,80Z.95-
.. - - - -- - -- -- ,....-..
$ 2,113,846.04
20.21%
NOV 1994
_..rr___..____.._...
123,491.60
523. i5
.00
J~-A
CONSENT AGENDA
DATE:__!.~L!.~L~4
ITE(oi NO. __~___
MOTOR VEHICLE
------..-------..
$ 2,252,395.14
10,610.34
43,091.74-
-....-....-----....--
$ 2,219,973.74
.00
.00
----.....--..---..-.
$ 2,219,913.14
1,627,351).78-
...-..----.,----..--
$ 592,622.96
73.30%*
FISCAL YTO
...-..-...--.....-...--
1,105,552.34
15,413.00
.00
TJTAL ~JNEY PRQCESSEJ THRU COLLECTION OFFICE FOR NEW HANOVER CQUNTY,
CITY OF WILMINGTON! WRIGHTSVILLE BEACH, CAROLINA BEACH AND KURE
3~~CH TO DATE - $Zl,359,183.35.
T'HS RcPOKT IS FOR '=ISCAL YEA~ flE:;INNING JULY 1, 1994.
~~CTF_ULL.Y SUBMITT~' I
\) _ t"""'\ ,.,.... ~ County Manager's comments
-t tlJ'I1 L I f..~ '-<c. ~. I. ( -l1 Ylv \../
PAfRICIA J. ~A~JD~ - v
C)LL~CTJR OF KEVE, UE
*'
CJMBIN=O COLLECTION PERCE~TAGE -
186
30.8610
Recommend ap~
CONSENT AGENDA
DATE:_::~:~~~~
ITEM NO. _J.O___
NEW HANOVER COUNTY FI~E DISTRICT TAX CdLLE~TIONS
COLLECTIONS THRU 11/30/94
:JRRENT TAX YEAR - 1994
~------"-~-"-----------
J~IGINAL AY lEVY PER SCROLL
DISCOVERIES ADDED
LESS ABATEMENTS
fJTAL TAXES CHARGED
LISTING PENALTIES CHARGED
TJTAL LEVY
CJLL~CTIJ~S TO DATE
JJTSTANDI~G BALANCE
PE~CE~TAGE COLLECTED
gACK TAXES
-------..,.
~EAL ESTATE A~D PERSONAL PROPERTY
CrlA~GES ADDED
LESS ABATEHENTS
TJTAL TAXES DUE
CJLL=CTIO~S TO DAT=
J~TSTA~OI~G 8ALANCE
P=~CENTAG~ COLLECTED
AD VALO~EM
----------...---
$ 965,842.41
51,404.43
26,450.77-
..-_.'.r'______._.
$ 996,196.13
715.93
------.----.-..-.
$ 991,512.06
321,985.::>0-
..-----....--------...
$ 615,521.06
32.28%*
$ 46,373.07
1,848.18
917.09-
--..-----...-----.
$ 47,304.16
10,588.32-
.......---.....---........
$ 36,115.84
22.38%
MOTOR VEHICLE
----...........-..---,.
$ 54,350.58
446.95
1,385.81-
--......-----..----
$ 53,411.66
.:)0
---'"_...--------
$ 53,411.66
40,651.82-
...----..--..-...--.
.$ 12,153.84
16.12~*
TYIS REPJ~T IS FOR FISCAL YEA~ aEGINNI~G JULY 1, 1994.
~=CTFULLY SU8MIT~9D,
\) , . a (,"\ ('.:..; .'""",: '_/
i C-J~ u c. /"'). .
) A fRI C r A J. R~NOR - v
:OLLECTO, OF REVENUE
CQ~BINED COLLECTION PERCENrAG~ - 34.51%
County Manager's comments:
Recommend approv~
187
cJs-B
Resolution of Intent
To Close a Public Road
Portion of Jeanelle Moore Boulevard (SR 1499)
Porters Neck Community
WHEREAS, a petition has been filed pursuant to N.C.G.S. 153A-241, requesting the Board
of Commissioners of New Hanover County to close the following described portion of a public road;
BEGINNING at a point in the center line of Jeanelle Moore Boulevard (State Road
1499), said point located South 53 degrees 19 minutes 21 seconds East 481.73 feet as
measured with said center line from its intersection with the center line of Champ Davis
Road (state Road 1400).. running thence from said beginning South 10 degrees 06 minutes
48 seconds West 33.54 feet to a point in the southwestern line of Jeanelle Moore Boulevard;
thence with ~aid southwestern line South 53 degrees 19 minutes 21 seconds East 813.88 feet
to a point at the southern comer of the eastern terminus of said Jeanelle Moore Boulevard;
thence with the line of said eastern terminus north 36 degrees 40 minutes 39 seconds east
60.00 feet to the northern corner of said terminus; thence with the northeastern line of
Jeanelle Moore Boulevard North 53 degrees 19 minutes 21 seconds West 843. 88feet to a
point; thence South 10 degrees 06 minutes 48 seconds West 33.54 feet to the point of
Beginning, containing 1.1417 acres.
NOW, THEREFORE, BE IT RESOLVED, that this Board is considering closing said road
to public use and that a public hearing on this question will be held on the 6th of February, 1995 at
7:30 p.m. in the General Assembly Room of the County Courthouse, 24 North Third Street,
Wilmington, NC at which time the Board will hear all interested citizens and make a final
detennination as to whether the road shall be closed.
The foregoing resolution was adopted by the New Hanover County Board of Commissioners
on the 19th Day of December, 1994.
Attest:
'i~
Robert G. Greer, Chairman
Qf&v/~
C k to the Board
"
!
oiSL
RESOLUTION AUTHORIZING
A FINANCING AGREEMENT PURSUANT TO
NORTH CAROLINA GENERAL STATUTE 160A-20
WHEREAS, the Board of Commissioners (the "Board") of the
County of New Hanover, North Carolina (the "County") desires to
provide for the acquisition of certain real property (the
:r-
"Project") for use by Cape Fear Community College for educational
purposes.
WHEREAS, the Board desires to finance the Project totalling
not to exceed $465,000.00 through an installment financing contract
(the "Contract") with First Citizens Bank and Trust ("First
Citizens"), obligating the County to repay amounts financed at a
fixed annual interest rate of not more that 6.69% over a term of
fifty-nine
(59 )
months,
resulting
In
total
payments. of
approximately $561,759.50, pursuant to a proposal submitted by
First Citizens to the Board; and
WHEREAS, pursuant to N.C.G.S. Section 160A-20, the County is
authorized-to acquire the subject property constituting the .project
obligation by entering into an installment financing contract which
creates in the Project a security interest to secure payment of the
thereby created; and
WHEREAS, the s~bject trapsaction is ex~mpt from ~ocal
Government COl!lmi,ssion of North Carolina ("LGC") ~pproval pursuant
to N.C.G.S. Section 159~118; and
wHEREAS, the County intends to finance the project by
de.livering .to First Ci,t.izensthe Contl:'a<::t" .pl:'oyiding for the-..
-
.fiiiancing of- a- p:t:inc::ipal amount hot. to. exceed. $465 ,0.00:. aOn.
WHEREAS, the Loan shall be evidenced by an Installment
Purchase Contract (the "Contract") and a Promissory Note (the
"Note") and secured by a Deed of Trust (the "Deed of Trust") on the
Facility and related real property (the "Property"); and,
WHEREAS, draft copies of the proposed Contract, Note and Deed
of Trust have been presented to the Board.
NOW, THEREFORE, BE IT RESOLVED the Board meeting in regular
session on the 19th day of December, 1994, make the following
findings of fact:
1. The proposed Contract is necessary and expedient because
the amount to be financed is small and any other method of
financing would be more expensive and time consuming.
The small
amount of financing needed also lends itself to installment
financing. The sum that falls due under the Contract on an annual
basis can be included in the County's budget without difficulty,
and are not excessive for the Project.
2. The County attorney has advised the County that the
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.
3. There will be no increase in taxes necessary to meet the
sums to full due under the proposed Contract.
4.' The County is not indef~ult of any'of its debt se+vise
?bl~gati6ns.
5. The. 'County's past Comprehensive Annual Financial Reports
indicate the debt management procedures and policies have been
, . "
ca:r::-riE3d' out in 'st:rict compliance with the- law, and- the 9ount-y "has
not been censured by the LGC, external auditors, or any other
regulatory agencies in connection with such management.
NOW, THEREFORE, BE IT FURTHER RESOLVED:
6. The Finance Director and County Attorney are hereby
authorized to act on behalf of the County in pursuing the proposed
financing contract.
7. Each of the Contract, the Note and the Deed of Trust, in
substantially the forms submitted to this meeting, and the
performance by the County of its obligations thereunder, including,
.
without limitation, its representations, warranties and covenants
as to matters affecting the tax-exempt status of interest on the
Loan, hereby are approved, and the Chairman hereby is authorized
and directed to execute and deliver, and the Clerk to the Board
hereby is authorized and directed to attest and acknowledge, as may
be appropriate, on behalf of the County each of the Contract, the
Note and the Deed of Trust, with such variations, omissions and
additions as the persons executing such documents may approve,
their execution and delivery thereof to constitute conclusive
evidence of such approval of such variations, omlSSlons and
additions. Without limiting the generality of the foregoing, the
County Manager and the County Finance Director hereby are
authorized to approve all details of said Loan, including, without
limitation, -to the amount advanced,pursuant to the Contract (which
shall not exceed a maximum principal sum of $465,000.00), the
amounts and tiIDing of the' Installment PaYments, the interest
rate(s) and the term of the Contract. Execution of the Contract by
, '
,-t'he ,_Chairman or the' -Finance Director- cOri,cl us-i v~ly .shall' evidence
such approval of all such details of the Loan.
8. The Chairman, the County Manager and the County Finance
Director or any of them hereby are au.thorized and directed, as
appropriqte, to negotiate, enter into, execute and deliver for and
on behalf of the County, and the Clerk to the Board hereby lS
authorized and directed to attest and acknowledge, as may be
appropriate,
any and all exhibits,
addenda,
schedules and
supplements to the Contract, Note and Deed of Trust and any and all
financing
statements,
certificates,
assignments
and
other
documents, instruments or agreements (including appropriate tax
certifications and agreements) as may be necessary or advisable to
carry out the intent of this resolution and to effect the financing
pursuant to the Contract and Deed of Trust, and any other
certificate, instrument or document relating to the Contract and
the Deed of Trust and the transactions contemplated thereby,
including, without limitation, the Note, and to perform any and all
acts they may deem necessary or appropriate in order to carry out
the' intent of this resolution and the matters herein authorized.
9. The County hereby designates the Note and the Contract as
"qualified tax-exempt obligations" for the purpose of Internal
Revenue Code Section 265(b) (3).
The County shall not issue tax-
exempt obligations itself or approve the issuance of tax-exempt of
its "subordinate" entities (and all entities which issue tax-exempt
.
~obligations on behalf of the County ~nd its subordinate entities)
if the, issuance' of- such tax-exempt ,?bligations' would, - when
aggregated with all other tax-exempt obligations theretofore issued
u
in this calen..dar- year -by: the COUlJ.ty eD;tities - having issued a total
of more than $10,000,000.00 of tax-exempt obligations in this
calendar year (not including private activity bonds other than
qualified 501(c) (3) bonds), including the Note and the Contract.
10. All other actions of County officers and employees 1n
conformity with the purposes and intent of this resolution and 1n
furtherance of the execution and delivery of the instruments
described above and the consummation of the transactions
contemplated thereby are hereby ratified, approved and confirmed.
All other resolutions or parts thereof in conflict herewith,to the
extent of such conflict, are hereby repealed.
This resolution is effective upon its adoption this the 19th
day of December, 1994.
~~~
Robert G. Greer, Chairman
~1(2i~
rk to the Board
~j-:D
RESOLUTION
OF THE
BOARD OF COMMISSIONERS
OF
NEW HANOVER COUNTY
WHEREAS, according to the current Purchasing Policy,
Section II of the New Hanover County Accounting Manual, a purchase
order is required on all purchases and services that amount to $150
or more and if an item costs $500.00 or more it is classified as a
fixed asset;
AND WHEREAS, after review by the Finance Director, staff's
recommendation is to increase these limits to require a purchase
orde'F on all purchases and services that amount to $500 or more and
to classify an item as a fixed asset if the cost is $1000 or more;
NOW, THEREFORE, BE IT RESOLVED by the Board of
Commissioners of New Hanover County that the Purchasing
Section II of the New Hanover County Accounting Manual be
effective January 1, 1995 as follows:
County
Policy,
changed
Purchase order to be required on all purchases and
services that amount to $500 or more.
An item costing $1,000 or more to be classified as a
fixed asset.
This 19th day of December, 1994.
?Jd-IJ~-
Chairman, Board of County Commissioners
~:~
, 'v( ,
Cl rk to the Board -