1989-11-06 Water & Sewer
235
I
MINUTES OF NEW HANOVER COUNTY WATER & SEWER DISTRICT
REGULAR MEETING OF NOVEMBER 6-;-r98-~
ASSEMBLY
The Board of District Commissioners of the New
County Water & Sewer District met in Regular Session on
November 6, 1989, at 7:32 o'clock P.M. in the Assembly
the New Hanover County Courthouse, 24 North Third
Wilmington, North Carolina.
over
day,
m of
eet,
Members present were:
District Commissioner E. L. Mathews, Jr.
District Commissioner Fred Retchin
District Commissioner Nolan O'Neal
Vice-Chairman W. Albert Corbett, Jr.
Chairman Jonathan Barfield, Sr.
APPROVAL OF MINUTES
Motion: Vice-Chairman Corbett MOVED, SECONDED by Di
Commissioner Retchin to approve the minutes of the R
Meeting of October 16, 1989, as presented. Upon vote, the
CARRIED UNANIMOUSLY.
FOR
ITY
I
NON-AGENDA ITEMS
Chairman Barfield asked if anyone from the general
would like to present or discuss an item not listed
Regular Agenda. No one commented.
APPROVAL OF BUDGET AMENDMENT #90-0083 AND PROJECT
THE WRIGHTSBORO HOUSING REHABILITATION PROGRAM
DEVELOPMENT BLOCK GRANT FUNDS
District Finance Director, Alan Mozingo, requested ad
of the Budget Amendment and Project Ordinance for the Wrigh
Housing Rehabilitation Program stating a majority of the
will be utilized for water and sewer purposes.
ption
sboro
funds
Motion: After discussion, District Commissioner Retchin
SECONDED by Vice-Chairman Corbett to approve the following
Amendment and Project Ordinance as submitted by the F
Director of the Water & Sewer District. Upon vote, the
CARRIED UNANIMOUSLY.
OVED,
udget
nance
OTION
90-0083 Wrightsboro Housing Rehabilitation Project
Debit
Credit
I
Wrightsboro Housing Rehab. Project
Federal Grant
Transfer In (from 110/General Fund)
$594,270
$200,000
236
MINUTES OF REGULAR MEETING, NOVEMBER 6, 1989 ( CONTINUED)
Budget Amendment (Continued)
Debit
Credit
F
r-
~
Nun-Departmental
Wrightsboro Housing Rehab. Project
Easements
Administration
Engineering
Construction
$ 20,000
$ 32,000
$ 64,924
$ 677,346
Transfer to Other Funds
Transfer to Other Funds (860/Wrightsboro
Housing Rehab. Project)
$ 50,000
ur ose: To establish project budget and ordinance for th
rightsboro Housing Rehabilitation Project.
A copy of the Project Ordinance is contained in W&S Exhibi
ook I, Page 50.3,
ORIZATION FOR DISTRICT FINANCE DIRECTOR TO PROCEED WI
STRUCTURING OF REFUNDED BOND ESCROW ACCOUNT
District Finance Director, Alan Mozingo, stated the
s an opportunity to gain $49,000 by restructuring the
nd escrow account. He requested approval of this reques
ating Bond Counsel has reviewed the proposal and has no proble
'th the transaction.
l
District Commissioner Retchin MOVED, SECONDED b
Commissioner 0' Neal to authorize the District Financ
"rector to proceed with restructuring of the refunded bon
crow account providing that the District gains no less tha
9,000. Upon vote, the MOTION CARRIED UNANIMOUSLY.
OURNMENT
District Commissioner Retchin MOVED,
'ce-Chairman Corbett to adjourn the meeting.
TION CARRIED UNANIMOUSLY.
SECONDED b
Upon vote, th
Chairman Barfield adjourned the meeting at 7:40 o'clock P.M
Respectfully submitted,
r:i2~ d ~
~F. Harrell
Clerk to the District Board
~