1986-06-23 Water & Sewer
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STRICT MEETING - JUNE 23, 1986
SEMBLY
A Special Meeting of the New Hanover County Water and Sewe
'strict was held on Monday, June 23, 1986, at 9:11 o'clock A.M
the Assembly Room of the New Hanover County Administratio
ilding, 320 Chestnut Street, Wilmington, North Carolina.
Members present were: Commissioners John Dolan: Nola
Neal: Fred Retchin; Vice-Chairman Jonathan Barfield, Sr.
airman Claud O'Shields, Jr.: County Manager, G. Felix Cooper
unty Attorney, Robert W. Pope: and Clerk to the District, Luci
Harrell.
Chairman O'Shields called the meeting to order stating th
ecial Meeting had been called to hold a Public Hearing fo
option of a Bond Order authorizing the issuance of $16,150,0
nitary Sewer Refunding Bonds.
BLIC HEARING FOR ADOPTION OF BOND ORDER AUTHORIZING TH
SUANCE OF $16,150,000 SANITARY SEWER REFUNDING BONDS
Clerk to the District, Lucie F. Harrell, stated the Bon
der authorizing the Issuance of $16,150,000 Sanitary Sewe
funding Bonds of the New Hanover County Water and Sewe 'l
strict had been introduced on June 16, 1986, and published 0
ne 17, 1986 with notice that the Board of Commissioners woul , J
1d a Public Hearing on June 23, 1986, at 9:00 o'clock A.M. Th
erk also reported that the Finance Officer had filed in he
fice a statement of debt complying with the provisions of th
cal Government Bond Act.
Commissioner Retchin MOVED,
declare the Public Hearing.
ANIMOUSLY.
SECONDED by Commissioner Dola
Upon vote, the MOTION CARRIE
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Chairman O'Shields asked if anyone from the general publi
uld like to speak. The following person commented:
Mr. William Funderburg commented on the financing of th
nds asking the amount of money saved by the refunding bon
sue. Assistant Director of Finance stated the refunding issu
uld save $1,165,650. Mr. Funderburg asked if the funds wer
mmi tted or uncommitted requesting a breakdown of fund
mmitted. It was the consensus of the District Board for th
nance Director to furnish Mr. Funderburg a breakdown of thes
nds.
Commissioner Retchin MOVED,
close the Public Hearing.
ANIMOUSLY.
SECONDED by Commissioner Dola
Upon vote, the MOTION CARRIE
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Chairman O'Shields closed the Public Hearing.
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Chairman O'Shields directed the Clerk to the District to
r ad the bond order.
Commissioner Retchin MOVED, that the Board of Commissioners,
s tting as the governing body of the District, adopt withou
c ange or amendment and direct the Clerk to the Board of
C mmissioners and of the District to publish as prescribed by Th
L cal Government Bond Act the bond order entitled, "Bond Orde
A thorizing the Issuance of $16,150,000 Sanitary Sewer Refundin
B nds of New Hanover County Water and Sewer District", introduce
a the meeting of the Board of Commissioners, sitting as th
g verning body of the District, held on June 16, 1986. Th
M TION was seconded by Commissioner Dolan and was adopted b
u animous vote.
A copy of the resolution is contained in Exhibit Book I,
P ge 32.
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PROVAL OF YEAR END BUDGET AMENDMENT
Commissioner Retchin MOVED, SECONDED by Commissioner Dola
approve the following Budget Amendment:
86-00000291 Water & Sewer District
Debit
Credit
Transfer to Capital Projects
$153,357
NHC Indirect Cost Charge
$153,357
DSCUSSION OF UPDATE ON COUNTY-WIDE SEWER SYSTEM
Mr. William Funderburg stated a few months ago he ha
quested an update from the Engineering Department on th
unty-wide Sewer System. County Manager Cooper stated thi
esentation would be an agenda item for the second meeting i
lYe
JOURNMENT
Commissioner Dolan MOVED, SECONDED by Commissioner Retchi
adjourn the meeting. Upon vote, the MOTION CARRIE
ANIMOUSLY.
Chairman O'Shields adjourned the meeting at 9:22 o'cloc
A M.
r27p~c:2'~~ted ,
v~ F. Harrell
Clerk