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1982-08-23 Special Meeting 140 MINUTES OF SPECIAL MEETING, AUGUST 23, 1982 ASSEMBLY The New Hanover County Commissioners met in Special Session Monday, August 23, 1982, at 9:00 o'clock a. m. in the Assembly Room of the New Hanover County Administration Building, 320 Chestnut Street, Wilmington, North Carolina. Members present were: Commissioners Howard L. Armistead, Jr~; Jonathan Barfield, Sr.; Karen E. Gottovi; Claud O'Shields, Jr.; County Manager G. Felix Cooper; County Attorney Robert W. Pope and Acting Clerk to the Board Joyce Bragg. Chairman Donald P. Blake and Clerk to the Board Alyce B. Brown were absent. r Vice-Chm. Armistead called the meeting to order at 9:04 o'clock a. m. and asked County Attorney Pope to state the purpose of the special meeting. ORDER AUTHORIZING THE ISSUANCE AND SALE OF BOND ANTICIPATION NOTES FOR $390,000 SANITARY SEWER PROJECT County Attorney Pope stated the purpose of the meeting was to present to the Board for its consideration an Order Authorizing the Issuance and Sale of the County's Bond Anticipation Notes for the $390,000 Sanitary Sewer Project. A copy of the proposed order which was prepared by the Bond Council had been funnished to the Commissioners. Comm. Gottovi presented the following resolution and MOVED that it be ADOPTED: RESOLUTION WHEREAS, the bond order hereinafter described has taken effect and the Board of Commissioners desires to borrow money for the purpose for which bonds are authorized to be issued by said bond order in anticipation of the receipt of the proceeds of the sale of said bonds as hereinafter provided; NOW THEREFORE, r BE IT RESOLVED by the Board of Commissioners of the County of New Hanover, as follows: (1) The sum of $390,000 will be borrowed by the County of New Hanover in anticipation of the receipt of the proceeds of the sale of $390,000 bonds authorized to be issued by the sanitary sewer bond order, adopted by the Board of Commissioners of the County on June ,7, 1982, for the purpose for which said bonds are authorized to be issued. Negotiable notes, each designated "Sanitary Sewer Bond Anticipation Note", shall be issued for said sum so borrowed. (2) Said notes shall be dated September 14, 1982, shall be payable March 16, 1983 and shall bear interest from their date at a rate which shall not exceed twelve per centum (12%) per annum. Such interest shall be payable at the maturity of the said notes. Each of said notes shall be signed by the Chairman and Clerk to the Board of Commissioners of the County and the seal of the County shall be affixed to each of said notes. (3) The power to fix the rate of interest to be borne by said notes and to determine the denomination or denominations of the notes and the place of payment of the notes is hereby dele- gated to the Chairman and Clerk of the Board of Commissioners who are hereby authorized and directed to cause said notes to be prepared and to execute said notes when they shall have been sold by the Local Government Commission of North Carolina. r (4) The Chairman and Clerk of the Board of Commissioners are hereby authorized to make application to the Local Government Commission of North Carolina for its approval of said notes In the manner prescribed by The Local Government Finance Act. Said Local Government Commission is hereby requested to sell the notes in the manner prescribed by said Act. Said notes, when they shall have been sold by said Commission in the manner provided by law '- MINUTES OF SPECIAL MEETING, AUGUST 23, 1982 141 ORDER AUTHORIZING THE ISSUANCE AND SALE OF BOND ANTICIPATION NOTES FOR $390,000 SANITARY SEWER PROJECT (CONTINUED) and when they shall have been executed in the manner prescribed by this resolution, shall be turned over to the State Treasurer of the State of North Carolina for delivery to the purchasers to whom they may be sold by said Commission. The MOTION was SECONDED by Comm. Barfield and was ADOPTED by the following vote: I Voting Aye: Commissioners Armistead, Barfield, Gottovi, and O'Shields. Voting Noe: None Absent: Chm. Blake ADJOURNMENT Comm. Barfield MOVED, SECONDED by Vice-Chm. Armistead that the meeting be adjourned. Upon vote, the MOTION CARRIED AS FOLLOWS: Voting Aye: Commissioners Armistead, Barfield, Gottovi, and O'Shields. Absent Chm. Blake vice-Chm. Armistead adjourned the meeting at 9:10 o'clock a. m. Respectfully submitted, ~/trL-- /~~Or aOY~ -B-ragg Acting Clerk I MINUTES OF SPECIAL MEETING, SEPTEMBER 7, 1982 ASSEMBLY The New Hanover County Board of Session on Tuesday, September 7, Boucan Room, 311 North Third Street, Commissioners met in Special 1982, at 7:30 a. m. at the Wilmington, North Carolina. Members present were: Commissioners Jonathan Barfield, Sr.; Karen E. Gottovi; Claud O'Shields, Jr.i County Manager G. Felix Cooperi County Attorney Robert W. Pope and Clerk to the Board Alyce B. Brown. Commissioner Howard L. Armistead,Jr. and Chairman Donald P. Blake were absent. The following members of Wilmington City Council and City Administration were present: Council Members Donald Betzi E. A. Bordeauxi Luther Jordani Ralph Roper; William Schwartzi Mayor Ben Halterman and City Manager Robert Cobb. I Mayor Halterman called the meeting to order and stated the purpose of the meeting was to discuss the proposed Civic/Convention Center. Councilman Ralph Roper gave the invocation. DISCUSSION OF PROPOSED CIVIC/CONVENTION CENTER Mayor Hal terman explained that the City Council had requested the meeting with the Commissioners in order to discuss possible ways the County could help with financing the proposed Civic/Convention Center if the Bond Issue was approved by the voters on November 2. The Commissioners and Council Members discussed alternate methods of financing for the proposed Civic/Convention Center along with the design and plans for the Center.