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1993-11-15 RM Exhibits A RESOLUTION APPROVING THE FILING OF AN APPLICATION WITH THE LOCAL GOVERNMENT COMMISSION, AUTHORIZING PUBLICATION OF A NOTICE OF INTENT TO FILE APPLICATION AND FINDING A NEED FOR PROJECTS TO BE FINANCED BY THE ISSUANCE BY THE COUNTY OF NEW HANOVER, NORTH CAROLINA FOR GENERAL OBLIGATION BONDS CONSISTING OF $39,900,000 BONDS AND $13,900,000 IN CAPE FEAR COMMUNITY COLLEGE BONDS. WHEREAS, the County Commissioners of the County of New Hanover has received from the New Hanover County School Board and Cape Fear Community College the proposed projects to be financed with general obligation bonds of the County, matters relating to the debt management policy and the budgetary and fiscal management policies of the County and the estimated increase in tax rates for the increased debt service requirements resulting from the bonds, NOW THEREFORE, BE IT RESOLVED, by the County Commissioners of the County of New Hanover as follows: 1. Improvements to school facilities, construction of new school facilities, related furniture and equipment throughout the County of New Hanover to be financed by general obligation bonds of New Hanover County in an amount not to exceed $39,900,000 is determined to be necessary and expedient. 2. The renovation, expansion, construction and equipping of Cape Fear Community College facilities to be financed by general obligation bonds of the County of New Hanover in the amount not to exceed $13,900,000 is determined to be necessary and expedient. 3. The amount of each of the proposed bond issues is found by the New Hanover County School Board and Cape Fear Community College respectively to be adequate and not excessive for its purposes. 4. The debt management policies of the County of New Hanover are found to have been carried out in strict compliance with applicable law. 5. The budgetary and fiscal management policies of the County of New Hanover are found to be carried out in compliance with applicable law. 6. The increase in property tax rates to pay the increased debt service requirements resulting from the bonds is hereby found to be not excessive. 7. The filing of an application with the Local Government Commission for approval of the proposed bonds is hereby approved and confirmed and the County Manager, or his designee is designated to serve as the representative of the County in connection with the application for approval of the bonds with the Local Government Commission and is authorized to cause a notice of intent to file the application to be published. 8. The County Attorney is hereby designated to employ bond counsel to represent the County of New Hanover in the authorization and issuance of bonds. Resolution adopted this 15th day of November, 1993. ~~ Robert G. Greer, Chairman New Hanover County Board of Commissioners ~ , ij ?l I, ;l 'I '.1 :J ~ ~ I N.elU Jlall0U.er <!rlluntl1 11lnarb uf Qtl1mmissinn.ern ~roclamation WHEREAS, the vast majority of the youth are concerned, knowledgeable and responsible citizens; and WHEREAS, the accomplishments and achievements of the young citizens deserve recognition and praise of the elders; and WHEREAS, Optimist International has since 1954 developed and promoted a program entitled Youth Appreciation Week. NOW, THEREFORE, the New Hanover County Board of I Commissioners hereby proclaims the week of November 14-20, 1993, as :1 YOUTH APPRECIATION WEEK in New Hanover County and encourages all citizens to join with the Optimists in expressing appreciation and approval of the contribution of the youth. By this action, let it be known that we have faith in the ability of today' s youth as they assume responsible roles in the future of mankind. Adopted this the 15th day of November, 1993. 1?P~ Robert G. Greer, Chairman ! .~ ~!~~ ~\i 0 (J"~ .. ;;r.~ 0~,=. .............................................1'1............................................................. . ~ '. ...- ~-'_!' ~_~~_~~_~~. . '_' ~~_'~-'_'~ ~_~!.-'~~~_' ~ ~_'-'~~~ ~~~~_'_~_'~_~~.' . . -'_'-~;.!~~0 : ~~~~ . -' . -'~~ ~-'-'-'-'~_'-'--'- '-"--'-'-'-~~ ~ '-~_' ~~'-~-'-'~~~~~.~~\ \~~\~~. -'/1 ~ (tf.)" . "'. '. F;( . ~",,~GVER C, .~' !! New Jlannuer Qlnuntu ~~ \ o~ ~i :/ :1 ij Iiluaro uf (!lummissiuners :, il . ~roclamatlon ii :1 :1 ~ I :1 :1 ., .j .:; 'i :i :1 WHEREAS, diabetes is a problem of grave concern and consequence in American society with serious complications and effects which can be lessened through tight blood glucose monitoring and education as recently proven through the Diabetes Control and Complications Trials (DCCT); and WHEREAS, more than 13 million people in America, including many people not yet diagnosed, are affected by d.iabetes with 500,000 new cases yearly; and WHEREAS, diabetes is a leading cause of death and a major cause of disability in New Hanover County; and WHEREAS, people with diabetes are more than twice as likely to requIre hospitalization during the year; and WHEREAS, diabetes awareness and education can lessen or prevent the complications associated with diabetes; and WHEREAS, through diabetes awareness and education, the person with diabetes can gain better health, peace of mind, and an active lifestyle; and WHEREAS, diabetes awareness and education can help persons with diabetes live more independent and fulfilling lives; NO~ THEREFORE, be it resolved by the New Hanover County Board of Commissioners that the month of November 1993, is designated as National Diabetes Month and that the Chairman is authorized to issue a proclamation calling upon the people of New Hanover County to observe the month with appropriate ceremonies and activities. .1 :1 :1 .' 11 V.i ~~\ ~ ' . !~. ~,J2: . A. 'q~~-- - (~~'~i, ---c 1-/,~ ,~~. .....- il =1 '1 ~ I : ?LI~ i;~ . !. Robert G. Greer, Chmrman ~~~-\) ~ dff~ :...i...ll.............................all........................a..-...II..............,...~ ~'l'r -- ~~"'...-~ Adopted this the 15th day of November, 1993. . . . I:, NEW HANOVER COUNTY TAX COLLECTIONS SOLLcCTIO~S TH~U 10/31/93 C UQ,R E1H T;:..'1 YEM<, _.' 1992. AO VALO?,~M I~OTOR. VEHICLE ~n_~~~-~~~~~.~_~~~~~w~~.~ ~1't::.. .....'t;QI"',. ....1......-"~n.jft.....l" 1NPt......ll?lhItI..w,...Il.............. ....a.... ORIGINAL TAX L=VY p=~ 3C~~LL DISCOVERI~S ADnED LC:SS A3AT::M:::fHS .$ 42,36(j,327.U\ 3,3'16,'~'75.67 , 31,5~9.2S" 1,480,9a4.64 9,(',27.46 16,94'J.92~' ... ....-4' ........~_.v~I'I<<..,.... ,...." ....... "'.IIIIJ.......... _ ..,.......... mI_ tea. TOT~L TAX~S CHARG~~ t 45,725,333.0_ , 1,473,071.12 ADV~RTISI~G FEES CHARG~D LISTING PcNALTI~3 CHARGED TOTAL L=':VY COLL=CTIQNS TO DAT= OUTSTANJING 3ALA~C~ PERCENTAG~ COLLECT=D RACK TAXES ,. - . \.. '. 16,259.,77 !M'" ..........(tt",""'..... wtI",.. ....1CI...illII'll.; .:'C . ;)0 LtII..an......_...c-... ...cr:......_1[P. $ 45,7(t1,'193.37 7,333,775.37-' ... _ ....1:3..;1.._.;1.... '::1''- ~............ .t 37,9J7,81.3.C.... 17.13~~ s 1,473,rn1.1i1 1 ; 0 6 G , 1 5 Z . 3 2 ..' -..------.......-..-..... . ~ .. 412,918.86 71.97;~ ....-.........--- REAL ESTAT:: AN] PERSOtiAL PROPERTY CHAR,GE.S ADDEO LESS ABATEM:::NTS TOTAL TAX~S DU= COLLECTIONS TO DATe OUTSTANDING 3ALANCE PERCENTAGE COLLECTED $ 2,975,347.75 2,876.92 21,917.32.... ~JDl........:............... ~.......... ....,. t 2,956,3(.5.35 435,657.51.... .........'..."'._tlW...b,......._...' ...~ .$ 2,521,147.8,+ 14.73% OCT 1993 FISCAL YTD ..IIlt__,__.......~~.. .............. ____~...._.._._... _. MIl 1,129.25 .1):... 940,466.19 12,884.75 ROOM OCCUPANCY TAX COLLECTIONS PRIVILEGE LICENS::: COLLECTIONS EMS COLLECTIO/\JS 149,593.06 .OC' TOTAL MONEY PROC=SSED THRU COLLECTION OFFIC~ FOK NEW HA~OVER COUNTY, CITY OF WILMI~GT~Ni WRIGHTSVILL~ BEACH, C~ROLIN;:" B~ACH AND KUR~ 3EACH TO CAT~ N $1 ,Q94,793.15. THIS REPORT IS FOR FISCAL YEAR SEGINNING JULY 1, 1993. ?"CTFUll Y SUR!HTEO, PATmlk';. ?\'iDR ~,n~v COLL:::CTOR OF~V=NUE DATE: __l.lI!~L9}_ 8 Recommend Approva~. CON S = tH A ~ E 'l[) A iTEM ~w. 41 l NEW HANOVER COUNTY FIRE DISTRICT TAX COLLECTIONS COLL~CTIONS THRU 10/31/93 CURr;E~IT TAX YEAo "' 1993 AD VALOREM r., 0 T 0 ~ V E H I C L E WI........ 11/1.!1A MII.~: ..~.,..'"".,.!.-= Wl'rl r",~ t..!~I;;'~"""ot "!. ...W\4I:".....tUI....,." Will"'" ."tc.'t C'" 0; .... ,... atlClt'I_zra ..,_.....ftGI_l&M"........ TOTAL TAXES CHtRG~~ lISTING PENALTI~5 CHARGED TOTAL LeVY COLLECTIJNS T8 DATE OUTSTANQING dALANCE PERCENTAG= COLLeCTED BACK TAXES t 917,r'J=J.i39 123,.;76.41 29,67: .2. 7 'f.. .... MIl N": .-0,_ G,}_llill6ll......f.........' ~ 1,;'~lC,415.03 $ 36,T?9.3? 4\..4.2',-' 55:.C'6- ORI~INAL TAX LEVY PEo SCPOLL DISCOVE~IcS AJDED L :: 5 S A 8 A TE r~ t;- ;\JT S '31...... _ .........MIII.u.....t'Y'__~ :; 36,633.46 .00 4'~ 2. . 33 lI:III wn-JIIIIo.....IoQ...r.-;w....~lQiJ!C' "._1>-': . r.MIP-I..,......CJlR:I'.................... $ 1,C1:,817.36 $ 36,633.46 222,Q96.20- 27,438.73- .....,..~ WI .....~......_........~........... 01... .... ""~,........ _... _11M ...._I:>> '~ 787,821.16 .$ 22.C6~.': 9,194.73 7 4 . 9 0 ~; .....".....__...._m. REAL ESTATt ANJ PEPSO~AL PKOPEPTY $ CHARG€:S ADDED LESS ABAT:::M::NTS 49,189.47 1,124.2~ 5::, 3. ,_, :;)"" -... .._........I__..._.....,,~-... TCT/~L TAXES ::::U: COLLECTIONS T~ DAT:: JUTSTANDING 3ALANC= P=RC~NTAG~ COLLECTED t, 49,74':.4!::J 8,778.24"' ................" l".......atl .,~, $ 40,962.2: 17.657~ THIS REPORT IS FOR FISCAL YEA~ BEGINNING JULY 1, 1993. /~SPECTFULLY SUBMITTED, ~, /.i ',-M . ~ r<.~ 1Y"\fT:\/ , ,-"\4,, {..It... . ~ '\:' PATRICIA J. . YNOR CDLL~CTOR o~ ~EVENUE CDNSENT AGf\J)A OAT': : _11U..sj.2~_ IT f:1.\ rw. _J____ Recommend APproval'~ 42 ! EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS A regular meeting of the Board of Commissioners of the County of New Hanover was held on Monday, November 15, 1993 at 9:00 a.m. in the Assembly Room of the New Hanover County Administration Building, 320 Chestnut Street, Wilmington, North Carolina, and the following Commissioners were present and absent: Robert G. Greer, Chainnan PRESENT: E.L. Mathews, Jr., Vice-01ainnan Sandra Barone William A. Caster William Sisson ABSENT: None The Chairman of the Board of Commissioners stated that one of the purposes of the meeting was to approve and conrlTIll the results of the sale by the County of its $3,785,000 Special Obligation Bonds (Solid Waste management Project) Series 1993 (the "Bonds") and authorize related acts in connection therewith. The Chainnan informed the Board that the Finance Director had fIled with the Clerk his Certificate, dated November 4, 1993, setting forth his determination of the details of the Bonds pursuant to the Bond Resolution adopted by the Board on November 1, 1993. Commissioner (';:lstp.r moved that the determinations of the Finance Director as set forth in the Certificate be ratified, approved and conrlTIlled, as follows: (a) The Bonds shall be issued in the aggregate principal amount of $3,785,000. (b) The Bonds shall consist only of serial bonds. The serial bonds shall mature and bear interest as follows: Maturity Principal Amount Interest Rate 11/01/1994 $465,000 2.90% 11/01/1995 480,000 3.45 11/01/1996 495,000 3.75 11/01/1997 520,000 4.00 11/01/1998 540,000 4.20 11/01/1999 235,000 4.35 11/01/2000 245,000 4.50 11/01/2001 255,000 4.60 i!' 11/01/2002 11/01/2003 270,000 280,000 4.70 4.80 ( c) The Bonds shall be sold to Craigie Incorporated at the purchase price of $3,785,000.00 plus accrued interest thereon from the date thereof to the date of issuance and delivery thereof and payment therefor. The execution and delivery by the Chairman of the Bond Purchase Agreement, dated November 4, 1993, in accordance with the terms hereof is hereby approved, ratified and conrlTIlled. be $378,500. (d) The Reserve Fund Requirement (as defmed in the Bond Resolution) shall (e) The Board approves, conrlTIlls and consents to the distribution of the Official Statement, dated November 4, 1993, reflecting the terms set forth herein and with such changes, modifications and additions as the Chairman or Vice Chairman, with the advice of counsel, may deem necessary and appropriate. The motion was seconded by Commissioner Barone and was unanimously adopted. -2- RESOLUTION APPROVING AN INSTALLMENT PURCHASE CONTRACT AND AUTHORIZING THE EXECUTION' AND DELIVERY OF DOCUMENTS IN CONNECTION THEREWITH WHEREAS, there have been available at this meeting forms of the following: (1). A Commitment Letter from First Citizens Bank and Trust Co. ("First Citizens") to the County dated June 16,1993 (the "Commitment Letter"); (2). A draft of the form of Installment Purchase Contract (the "Contract") between the County and First Citizens, County Contract No. 94 - 0162; (3) . A draft of the form of Deed of Trust (the "Deed of Trust"), from the County to a trustee for the benefit of First Citizens; WHEREAS, by resolution duly adopted on August 2, 1993, the installment financing of the 700 Front Street Associates parcel to be acquired by County for the benefit of Cape Fear Community College was approved subject to further action of the Board; and WHEREAS, the Board desires to approve the Contract and to authorize other actions in connection therewith; NOW, THEREFORE, BE IT RESOLVED by the Board, as follows: 1. All actions of the County effectuating the proposed financing are hereby approved, ratified and authorized pursuant to and in accordance with the transactions contemplated by the documents referred to above. 2. Each of the Commitment Letter, the Contract and the Deed of Trust, in the form submitted to this meeting, is hereby approved, and the Chairman of the Board, the County Manager, the ...1 Finance Director and the Clerk to the Board, as the case may be, are hereby authorized and directed to execute and deliver each of the such documents on behalf of the County, with such changes, insertions or omissions as they may approve, their execution thereof of constitute conclusive evidence of their approval. 3. The Chairman of the Board, the County Manager, the Clerk to the Board, the Finance Director and the County Attorney are hereby authorized to take and all such further action and to execute and deliver such other documents, including without limitation, rebate compliance agreement as may be necessary or advisable to carry out the intent of this Resolution and to effect the installment financing pursuant to the Contract. Without limi ting the generality of the foregoing, the Chairman of the Board, the County Manager, the Clerk to the Board, the Finance Director and the County Attorney are authorized to approve all details of the financing, including without limitation, the amount advanced under the Contract, the annual payments under the Contract, the interest rates with respect to such payments, the term of the Contract. Execution of the Contract by the Chairman 9f the Board or the County Manager, as the case may be, shall conclusively evidence approval of all such details of the financing. 4. This Resolution shall become effective immediately upon its adoption. This the /"'..4.; of 1~d NEW HANOVER COUNTY ~M-- Chairman , 1993. RESOLUTION AUTHORIZING THE FILING WITH THE LOCAL GOVERNMENT COMMISSION OF NORTH CAROLINA OF AN APPLICATION FOR THE APPROVAL OF REFUNDING BONDS WHEREAS, interest rates in the tax-exempt bond market are at such a level that it is financially feasible to achieve debt service savings on several outstanding bond issues, particularly, the 1989 Airport Bonds, the 1989 Museum Bonds, the 1990 Parks and Recreation Facilities Bonds, the 1985 Refunding Bonds, the 1989 Solid Waste Disposal Bonds, the 1990 Solid Waste Disposal Bonds, series B, and the 1992 Solid Waste Disposal Bonds; and WHEREAS, the County has determined to proceed with the authorization process for the issuance of refunding bonds of the County in order to best position itself to take advantage of any debt service savings, it being the intent of the Board not to proceed with the refunding unless acceptable debt service savings can be achieved; now, therefore, BE IT RESOLVED, by the Board of Commissioners of the County of New Hanover that: Section 1. Andrew J. Atkinson, County Finance Director, is hereby authorized to file an application with the Local Government Commission of North Carolina for the approval of refunding all or a portion of the bonds of the County listed above. Section 2. Andrew J. Atkinson, County Finance Director, is hereby directed to authorize LeBoeuf, Lamb, Leiby & MacRae, Bond Counsel to the County, to commence the preparation of the documents necessary to authorize said refunding bonds, and employ Craigie Incorporated, as financial advisor for the County for the purpose of preparing analyses as needed in the process. Section 3. The proposed refunding bonds shall not be issued unless the County is able to achieve acceptable present value debt service savings. Section 4. The Clerk to the Board of Commissioners is hereby directed to send a certified copy of this resolution to the Secretary of the Local Government Commission of North Carolina. Section 5. This resolution shall take effect upon its passage. Section 6. This resolution was adopted this 19th day of November 1993. ~,U~ Robert G. Greer, Chairman .'r~%t'.. E j ~,of3cOmmissioners' of'the'.County;ot, ~.~ew' Hanover. as follows: . j! ?~:'~;"" ! \\~::~\:1 ~i'1>.,:Seclion 1 The Board of Com:'! ,'missioner;s.of the County has ascer'.) . ',teined and hereby determines than i 'iis.a to pay and refund all or. a. e Outstilnding, Bo~s,;,;;;i . ,S8ction 2. In ordertor~"th~; 'nory':required 'to refund 'the. Out;'~ affidavit with the advertisement thereto annexed it is adjudbed by the Court that the said publication was duly and properly and'ngBonds as set forth above,'. in', bee did I II ed h d ~ d () qdilion.,to,any funds which.maybe;, n u Y an ega Y serv on tee en ant s [:made avadable for such' 'purposil }t: ,;J~m_'ariy.other source, bonds~o" the," I, County.are . hereby authorized and '.' , sh8Jlbeissued pursuan1to The Local : 1'Govemment .Flnance Act of North. J -,Carolina, The maximum .aggl'8\late : pnoopal amount of bonds aulhonzed . .; "by ,this' .bond order shall be, ; ~ } $17.000.000. i :".,,,. ',S8ction 3, A tax sufficient to pay .t(1e principal of and interest.on said " "bonds, when due shall be annually i~~viB<1and collected, :; (",! S8ction 4, A sworn statement of , 'the County's debt has been mea with , ;the CI.nk to the Board and is open to ,;.P~.bliC inspection, ,~" ., 1;,lo"l,Se<:tion5. This bond order shall ..!eke effect upon its adoPtion, ).1 ~\' _ "; JI{J' j." The foregoing bo~ order has -.~...';~,.............. ...-...... _..~- ~_..- STATE OF NORTH CAROLINA, COUNTY OF NEW HANOVER NbTICEOFjP~BtiC!H' " ;;"!i:.;"":BONDtORDE ". ~ f;,At:1THORIZING(TBE ISSUANCE'bF~$17iOOO.OOO GENERAL OBLIGATION .;'1 REFUNDING BONDS OF'''';i~ THE COUNTY OF ,.\[ NEW HANOVER'; ,- "1;{~ \l~% .' WHEREAS, the County,ot.New; "Hai1Over (lhil"cOu.',nty"j' has'iSSued.l .and ..outstanding Palf<aand?Reae"" "atioi'laJ"Faciliti8s'BondS', .i:lai8cn~ ,vember 1, 1990, Jmaturingdri:\Ili8l Il~ ~~taJs~sive"(the; "ationaJ. Faci"PIli9s;Bonds");. !.~,"':'lfh ',i~', ' +., " !, -; ,~:. , "l",',_! \il,,,,';,"WHEREAS,,the County,has IS,." '!sued' and' outslandin'g Musauni} ~BOi1OS,' detecfSeptember1;1989;ld ',malunng,In the years.1994,1o 2007'1' 'iinclus,ive'(~,"Outetendiilg'1989Mu~, j~:(~:~~;~'~un:;'~~; .,su9cfanej C?utetending~rport Bonds;; .'dated;July'.1 ;M 989:! maturing .in' the. '1y'!!8rs ,1994;.to,'.2009~~:inclUSlV8 '(lh8, :'OutstendinQ"1 ~'Ai~'Bonds:'l;! ~:~?~' '~"'.' ':' '" ""~'~" ," , ''",'\'~: . ' iiWHEREASiftheCouriiY'h~'iS~! : and ,OutetendingiGeneral:,ObIi!', n .'Rllfunding<iBOnds;.'iSerie~1i .. dated, Deceinbeii1';:,1985,';ma:1 in, the!leaiS '1994'102002" inljl, , ;;(the"OulSteildingc..1985!iRO.!:" 'til d".80 nds.... "j".'and...' .'...'.'........,.. "., '..'.":.'."1 .'- n InQti1" ":;_"',',,, ':;~~ .~' ; '.!;'~1; : HEREAS;' the Board of Com,0 'Ii . erB ot'Cthe"Ci)unty' deemS:i"~ l:.~i~.tO)PaY,'and'refu')d;all:O'ia'! po. rtion' 'Ok,...the ,OutstandIng :,1990\ e:Pllrki(iand: !RilCreational, !Facililies! ~Bonds, ,the iOutetendirjg ,,1989.Muse-' " u'!', Bonds,,,theOulstaiKling:1989'Aif,1 iportB6~and.th,e 0!Jtstei\d.ing1985: 'R~ iBonds;:(collaclivlllnth8; t~diin,,~~l\i;i'~rl';tO';: \.GoVem'memiFiriahce'Acl;'ana. .' '. '<"'~>~;~,ib-" ".j~~g~! -r(~4 Ef:jEAS;;B1i'iiPPr - "NiththS', . vernment., . " . II AFFIDAVIT OF PUBLICATION Before the undersigned, a Notary Public of said County and State, JAC0.88RINSON who, being duly sworn or affirmed, according to the law, says that he/she is CLASSIFIED ADVERTISING ~ANAGER ofTHE WILMINGTON STAR-NEWS, INC., a corporation organized and doing business under the Laws of the State of North Carolina, and publishing a newspaper known as WILMINGTON MORNING STAR & SUNDAY STAR.NEWS in the City of Wilmington NOTICE OF PUBLI'C ffEARING.@~aOND OROERAUTHORIZING THEISSUANCE DF$17,OOO,OOOGENERAl DELTGATI i17,OOO,QOOREF was inserted in the aforesaid newspaper in space, and on dates as follows: 11/22..1X 1993 and at the time of such publication Wilmington Star-News was a newspaper meeting all the requirements and qualifications prescribed by Sec. No. 1-597 G S. of N C. ~l'~~SSIFIED ADV. Title 23RD Sworn or affirmed to, and subscribed before me, this MGR day ofNOV , A.D , 19 '93 In Testimony Whereof, I have hereunto set my hand and affixed my official seal, the day and year aforesaid. t/77ar>t. AJ~b1k My commission expires 21 day of JUNE, 19 94 ',19_ Clerk of Superior Court I ....... ~--_// NOTICE OF PUBLIC HEARING "BOND ORDER AUTHORIZING THE ISSUANCE OF $17,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF NEW HANOVER" WHEREAS, the County of New Hanover (the "County") has issued and outstanding Parks and Recreational Facilities Bonds, dated November 1, 1990, maturing in the years 1994 to 2007, inclusive (the "Outstanding 1990 Parks and Recreational Facilities Bonds"); and WHEREAS, the County has issued and outstanding Museum Bonds, dated September 1, 1989, maturing in the years 1994 to 2007, inclusive (the "outstanding 1989 Museum Bonds"); and WHEREAS, the County has issued and outstanding Airport Bonds, dated July 1, 1989, maturing in the years 1994 to 2009, inclusive (the "outstanding 1989 Airport Bonds"); and WHEREAS, the County has issued and outstanding General Obligation Refunding Bonds, Series 1985, dated December 1, 1985, maturing in the years 1994 to 2002, inclusive (the "Outstanding 1985 Refunding Bonds"); and WHEREAS, the Board of Commissioners of the County deems it advisable to pay and refund all or a portion of the outstanding 1990 Parks and Recreational Facilities Bonds, the outstanding 1989 Museum Bonds, the Outstanding 1989 Airport Bonds and the outstanding 1985 Refunding Bonds (collectively, the "outstanding Bonds") pursuant to and in accordance with The Local Government Finance Act; and 1 . ,,- 1, WHEREAS, an application has been filed with the Secretary of the Local Government Commission of North Carolina 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, as follows: section 1. The Board of Commissioners of the County has ascertained and hereby determines that it is advisable to, pay and refund all or a portion of the Outstanding Bonds~ section 2. In order to raise the money required to refund the Outstanding Bonds as set forth above, in addition to any funds which may be made available for such purpose from any other source, bonds of the County are hereby authorized and shall be issued pursuant to The Local Government Finance Act of North Carolina. The maximum aggregate principal amount of bonds authorized by this bond order shall be $17,000,000. Section 3. .A-tax sufficient to pay the principal of and interest on said bonds when due shall be annually levied and collected. Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. -2- , 1 . I : 't, 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 Government Bond Act showing the appraised value of the County of New Hanover to be $7,S?'9:774,14R and the net debt thereof, including the proposed bonds, to be $61,331 ,OS2 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 adjournment thereof to be held at 320 Chestnut street - Room 100 , in Wilmington, North Carolina at ~ o'clock, y.M., on the 6th day of December, 1993. Lucie F. Harrell Clerk to the Board of Commissioners of the County of New Hanover -3- -:" . . . STATE OF NORTH CAROLINA ss.: COUNTY OF NEW HANOVER ) I, LUCIE F. HARRELL, Clerk to the Board of commissioners of the County of New Hanover, in the State of North Carolina, DO HEREBY CERTIFY that I have compared the attached copy of the debt statement with the original debt statement filed by the Finance Officer of said County in the office of said Clerk on the /7Z0 day of November, 1993 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 County, this 6th day of December, 1993. ( STATEMENT OF DEBT OF THE COUNTY OF NEW HANOVER, NORTH CAROLINA, MADE AND FILED PURSUANT TO SECTION 159-55 OF THE LOCAL GOVERNMENT FINANCE ACT, AFTER THE INTRODUCTION OF THE BOND ORDERS AUTHORIZING THE ISSUANCE OF $47,000,000 BONDS, INTRODUCED AT A MEETING OF THE GOVERNING BODY OF SAID COUNTY, HELD ON THE 19TH DAY OF NOVEMBER, 1993. (a) Appraised value of property subject to taxation as certified by the County Assessor. $ 7."i?Q.774,14R (b) Gross debt as listed in the attached "Schedule of Gross Debt." $ 111,831,052 (c) Deductions to be made from Gross Debt as listed in the attached "Schedule of Deductions." $ 47.000.000 (d) Net debt (being the difference between the Gross Debt and Deductions). $ 64.831.052 (e) Percentage that net debt bears to the appraised value of property subject to taxation. 0_ Rfi1 !!, o Finan~~ County of New Hanover Dated: 1/--11/-9J SCHEDULE OF GROSS DEBT (The debt described below should not include debt incurred or to be incurred in anticipation 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 Amount General Obligation Refunding Bonds General Obligation Refunding Bonds $17,000,000 30,000,000 Total $ 47.000.000 B. Unissued bonds authorized by adopted orders: Purpose Amount $ Total $ c. Outstanding debt not evidenced by bonds: Source of Debt Purpose Amount see attached list Total $ 6,266,052 D. Outstanding debt evidenced by bonds: Date of Bonds Purpose Amount $ see attached list Total $ 58,565.000 Total $ 111 R~1 OS? SCHEDULE OF DEDUCTIONS (A) Funding and refunding bonds authorized by orders introduced but not yet adopted. $ 47,000,000 (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 pay- ment 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 other- wise deducted) was or is to be incurred, to the extent that the special assess- ments, when collected, will be applied to the payment of any part of gross debt. $ Total $ 47.000.000 STATE OF NORTH eAROLINA 55. : eOUNTY OF NEW HANOVER ) ANDREW J: ATKINSON, being duly sworn, says that he is the Finance Officer of the eounty of New Hanover, in the State of North earolina; that by a resolution 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 referred to in the heading of said statement. ~~~ Finance otficer , Sworn to and subscribed before me on the day of the date of said statement. ~ ]v{ 111\~.. _L Afr Notary pub~- My eommission expires the )7~hday of ss. : ""'"""" ..,,\\'~. MARY;tI, """ "G~ ......... (?~ " ~.... ~v ... ... If! ~ .. . "r' .. '. :t;. ~ -~ - . ~ : ... ..lOTAR\_ \ ; _ .,~ r._ - . . - ~~;;~0C .i ~'ffi-9q6. -. . ~... - '.L... . ..... ~ ~ ... .... ~"'.:- , .,(, '0 " ..:~ .... ',,'01~ ....... ~\' ,...'" "1 OilER CO \\" III", .-" II"~'"~ STATE OF NORTH eAROLINA COUNTY OF NEW HANOVER I, the undersigned elerk to the Board of eommissioners of the County of New Hanover, in the State of North earolina, DO HEREBY CERTIFY that the foregoing statement and accompanying affidavit were filed in my office on the ~day of November, 1993-i' after the introduction of the order referred to in the heading of said statement. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County, this /t~,day of November, 1993. ~ ~v/ ., Cl rk l-o the ~ Comm'ssioners of the eounty of New Hanover Date 11/18/93 Time 12:28:58 Date of Issue 12/01/1968 11/01/1974 04/01/1975 06/01/1976 12/01/1985 12/01/1985 12/01/1985 12/01/1985 12/01/1985 07/01/1989 07/01/1989 09/01/1989 11/01/1990 12/01/1990 12/01/1990 08/01/1992 03/01/1993 11- q,3 NEW HANOVER COUNTY, NC Page LON G - T E R M DEB T B Y I S SUE Bonded Debt for Groups 00 - 07 as of 10/31/1993 Based on Date Paid Accounts 0000000000000000 - 9999999999999999 Description Principal Balance SCHOOL BLDG TECHNICAL INSTITUTE SCHOOL PUBLIC HOSPITAL REFUNDING REFUNDING REFUNDING REFUNDING REFUNDING Airport Bonds, 1989 Solid.Waste Disposal, 1989 Musel.lll Bonds PARKS & RECREATIONAL FAC BDS SOLID WASTE DISPOSAL- SERIES B SOLID WASTE DISPOSAL- SERIES A SOLID WASTE DISPOSAL G/O SCHOOL REFUNDING BONDS SCHOOL BLDG CFTI CAPE FEAR COHM. COLLEGE SCHOOLS (NHMH) STEAM PLANT PORTION LANDFI LL PORTION SCHOOLS OLD COURTHOUSE A & E Airport Terminal Development Resource Recovery Series 1989 Musel.lll Bonds PARKS AND REC BOND SERIES 1990B- TAX EXEMPT SERIES 1990A- TAXABLE SOLID WASTE, SERIES 1992 G/O SCHOOL REFUNDING, 1993 440,000.00 1,050,000.00 1,700,000.00 2,960,000.00 2,791,667.00 558,334.00 3,967,855.00 937,860.00 144,284.00 1,650,000.00 21,530,000.00 3,750,000.00 4,400,000.00 1,170,000.00 1,980,000.00 995,000.00 5,040,000.00 Total 55,065,000.00 $fCC/fflv OI1LJG-fmON /J,onds (/ Fir) 3,S'OO,ooo ~ r;-81S't:,~, 000 Date 11/18/93 Time 12:29:49 Date of Issue 04/24/1989 08/08/1989 06/24/1991 06/24/1991 08/23/1991 01/01/1992 08/12/1991 10/22/1991 01/01/1992 03/23/1992 04/07/1992 07/13/1992 09/01/1992 10/01/1992 11/01/1992 12/01/1992 12/14/1992 01/01/1993 06/25/1993 06/25/1993 04/01/1993 NEW HANOVER COUNTY, NC Page LON G - T E R M 0 E B T B Y I S SUE Installment Debt for Groups 00 - 07 as of 10/31/1993 Based on Date Paid Accounts 0000000000000000 - 9999999999999999 Description New Hanover Memorial Hospital Social Services Building FUNB 9110007-003 Funb 9110007-002 FUNB 9110007-004 FUNB 9110007-007 FUNB 9110007-005 FUNB 9110007-006 FUNB 9110007-009 FUNB 9110007-010 FUNB 9110007-011 FUNB 9210018-001 IBM CORPORATION IBM CORPORATION I BM CORPORATION IBM CORPORATION FUNB 9210034-001 I BM CORPORATION FUNB 9110007-014 FUNB 9110007-013 FUNB 9110007-012 Principal Balance NHMH N/P DSS Building Purchase EMS Ambulances MIS Computer Equipment Health Dept. Computer System CATERPILLAR BULLDOZER VSE/SP V4 Software Upgrade WICAT LEARNING LABS FOR SCHOOL HEALTH DEPT. COMPUTER SYSTEM 1991 GMC GAS SUBURBAN (2) 1992 TYPE III AMBULANCES LAW ENFORCEMENT CTR EXPANSION DSS COMPUTER SYSTEM-HARDWARE DSS COMPUTER SYSTEM-FEATURES DSS COMPUTER SYSTEM-SOFTWARE DSS COMPUTER SYSTEM MYRTLE GROVE BRANCH LIBRARY IBM MAINFRAME COMPUTER EQUIP LIBRARY AUTOMATION SYSTEM HEALTH DEPT TELEPHONE SYSTEM 1993 CHEVROLET SUBURBAN 300,000.00 3,000,149.60 112,823.08 15,220.47 3,015.42 149,193.25 9,890.11 34,364.15 78,754.75 19,828.57 67,721.52 580,735.87 123,574.74 13,803.05 29,936.12 11,744.91 380,038.08 1,023,111.50 172,786.00 120,817.56 18,543.17 Total 6,266,051.92 _/ ..",,- / STATE OF NORTH CAROLINA ) : 58.: COUNTY OF NEW HANOVER ) I, LUCIE F. HARRELL, Clerk to the Board of commissioners of the County of New Hanover, DO HEREBY CERTIFY, as follows: A /7r~) Commissioners of the County of New Hanover, located in the State 1. meeting of the Board of of North Carolina, was duly held on November 19, 1993, proper notice of such meeting having been given as required by North Carolina statutes, and minutes of said meeting have been duly recorded in the Minute Book kept by me in accordance with law for the purpose of recording the minutes of said Board. 2. I have compared the attached extract with said minutes so recorded and said extract is a true copy of said minutes and of the whole thereof insofar as said minutes relate to matters referred to in said extract. 3. Said minutes correctly state the time when said meeting was convened and the place where such meeting was held and the members of said Board who attended said meeting. IN WITNESS WHEREOF, I have hereunto set my hand and have hereunto affixed the corporate seal of said County, this ~ day of November, 1993. ~ Various Governmental Purpose Refunding EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS A regular meeting of the Board of Cormnissioners of the County of New Hanover was held on Friday, November 19, 1993 at 10:00 a.m. in Room 501 of the New Hanover County Administration Building, 320 Olestnut street, Wilmington, North Carolina, and the following Cormnissioners were present and absent: PRESENT: Robert G. Greer, Olairman E.L. Mathews, Jr., Vice-Olairman Sandra Barone William A. Caster ABSENT: William Sisson * * * * * * * Cbmmissioner CBster introduced the following bond order which was read at length: "BOND ORDER AUTHORIZING THE ISSUANCE OF $17,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF NEW HANOVER II WHEREAS, the County of New Hanover (the "County") has issued and outstanding Parks and Recreational Facilities Bonds, dated November 1, 1990, maturing in the years 1994 to 2007, inclusive (the "outstanding 1990 Parks and Recreational Facilities Bonds"); and WHEREAS, the County has issued and outstanding Museum Bonds, dated September 1, 1989, maturing in the years 1994 to 2007, inclusive (the "Outstanding 1989 Museum Bonds"); and WHEREAS, the County has issued and outstanding Airport Bonds, dated July 1, 1989, maturing in the years 1994 to 2009, inclusive (the "Outstanding 1989 Airport Bonds"); and WHEREAS, the County has issued and outstanding General Obligation Refunding Bonds, Series 1985, dated December 1, 1985, maturing in the years 1994 to 2002, inclusive (the "Outstanding 1985 Refunding Bonds"); and WHEREAS, the Board of commissioners of the County deems it advisable to pay and refund all or a portion of the Outstanding 1990 Parks and Recreational Facilities Bonds, the Outstanding 1989 Museum Bonds, the Outstanding 1989 Airport Bonds and the Outstanding 1985 Refunding Bonds (collectively, the "outstanding 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 Carolina -2- 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, as follows: section 1. The Board of commissioners of the County has ascertained and hereby determines that it is advisable to pay and refund all or a portion of the Outstanding Bonds. Section 2. In order to raise the money required to refund the Outstanding Bonds as set forth above, in addition to any funds which may be made available for such purpose from any other source, bonds of the County are hereby authorized and shall be issued pursuant to The Local Government Finance Act of North Carolina. The maximum aggregate principal amount of bonds authorized by this bond order shall be $17,000,000. Section 3. A tax sufficient to pay the principal of and interest on said bonds when due shall be annually levied and collected. Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. Section 5. This bond order shall take effect upon its adoption. Cormnissioner Barone following resolution: moved the adoption of the -3- WHEREAS, the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF $17,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF NEW HANOVER," has been introduced at the meeting of the Board of Commissioners of the County of New Hanover held on November 19, 1993 and the Board of Commissioners of the County of New Hanover desires to provide for the holding of a public hearing thereon and the submission of a statement of debt in connection therewith as required by The Local Government Bond Act; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of New Hanover, as follows: (1) The public hearing upon said bond order shall be held on the 6th day of December, 1993 at ~ o'clock ~.M., at 320 Chestnut str~~t, Room 100 Carolina. , in Wilmington, North (2) The Clerk to the Board 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 County's Finance Officer is hereby directed to file with the Clerk 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 appraised value of property subject to taxation by the County and the net debt of the County. -4- The motion was seconded by Cormnissioner Mathews and was adopted by the following vote: Robert G. Greer, Chairman * AYES: E.L. Mathews, Jr., Vice-Chairman Sandra Barone William A. Caster NAYS: None * Cormnissioner Sisson absent * * * * * -5- AFFIDAVIT OF PUBLICATION miSliioi1enl,ol lainedilind"I1erel)Y,idel8mli tisladvisable to pay andnihi I ~:,"~\:~'~,. it with th.e advertisement thereto annexed it is adjudged by the Court that the said publication was duly and properly d money reqiJiredlO refund the.Out d I I d f ma standingSolidWasmDisi>o:s&!..' ulyan egal y served on the e endant(s) las set forlh above, '1'1 addilion'lO funds whlclUilay' be made aval . '. for suchpurpose'.1rom any other;;~' Th.source, bonds of the Countvare".'...... 19 IS h8nlbY authoriz8d and shall be 'is"~,'. - sued rsuant to The Local Gov8m,;;~"i ment'~nance Act ol.North CaroIirui!';1r' .;~~m~~~ . ..$ li,~:~;~:~i~ . .the;iprinClpaJ'oI,and'I~'on" " bonds'"when due ,shalibe ~. .1eyied1anc:l'coIlectec1. '. ,\." . "'~' ,,,.'S8ction4.AsWomstal 0~"J' the County's debt hasbe8n filedrwitliJjlf" the Cieri< to the Board and os open~.,~: P':IbhC..~~.. ' ,~~j}~t!~,'i\~' Section 5..This bond order .,'\ lake effect upon. its adoption.. " .' ,'.". ,: '" . The foregoing bond Order~", been introduced and. 8' sworn state:. \. ~ ,o.!_~~~~'fi~_:~~<:;"'~ STATE OF NORTH CAROLINA, COUNTY OF NEW HANOVER .iNOliICE "OF'PUBllIC!H'R1NG'ot1 ;;'1\. "I' ':BoND.ORDE "I'; iAUTHORIZING,.,.. "r'iSsUANCEOF ,$3Q.... , .' <i:iI'::'.GENERAt'OBLlGA TlON:',;: REFUNDING BONDS OF '. THE COUNTY OF .... NEW HANOVER" Before the undersigned, a Notary Public of said County and State, JAC08 BR:INSON who, being duly sworn or affirmed, according to the law, says that he/she is CLASSIFIED ADVERTISING MANAGER of THE WILMINGTON STAR-NEWS, INC., a corporation organized and doing business under the Laws of the State of North Carolina, and publishing a newspaper known as WILMINGTON MORNING STAR & SUNDAY STAR-NEWS in the City of Wilmington NOTICE OF PUBlIC HEARING;aBONC ORDERAUTflORIZING THEISSUANCE OF $30.000.. OOOGENERAL DEL IGA TI $30..000.,000 REf was inserted in the aforesaid newspaper in space, and on dates as follows: 11/22.1X 1993 and at the time of such publication Wilmington Star-News was a newspaper meeting all the requirements and qualifications prescribed by Sec. No. 1-597 G.S. of N C. ~~~./6~~/ CLASSIFIED ADV. MGR Title 2 3R 0 Sworn or affirmed to, and subscribed before me, this day NdQV 93 of , A.D., 19_ In Testimony Whereof, I have hereunto set my hand and affixed my official seal, the day and year aforesaid. 7?1~. LY~ My commission expires 21 day of JUNE ,1994 Clerk of Superior Court \ f\ \, NOTICE OF PUBLIC HEARING "BOND ORDER AUTHORIZING THE ISSUANCE OF $30,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF NEW HANOVER" WHEREAS, the County of New Hanover (the "County") has issued and outstanding General Obligation Refunding Bonds, dated December 1, 1985, maturing in the years 1994 to 2002, inclusive (the "Outstanding 1985 Refunding Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, dated July 1, 1989, maturing in the years 1994 to 2009, inclusive (the "Outstanding 1989 Solid Waste Disposal Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, Series 1990B, dated December 1, 1990, maturing in the years 1994 to 2011, inclusive (the "Outstanding 1990 Solid Waste Disposal Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, Series 1992, dated August 1, 1992, maturing in the years 1994 to 2013, inclusive (the "Outstanding 1992 Solid , ---Wa'st~- Disp'osalBonds");- cfJid . - WHEREAS, the Board of Commissioners of the County deems it advisable to pay and refund all or a portion of the Outstanding 1985 Refunding Bonds, the Outstanding 1989 Solid Waste Disposal Bonds, the outstanding 1990 Solid Waste Disposal Bonds and the Outstanding 1992 Solid Waste Disposal Bonds (collectively, the "Outstanding Solid Waste Disposal Bonds") , , ! 1) . ,.' 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 Carolina 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, as follows: section 1. The Board of Commissioners of the County has ascertained and hereby determines that it is advisable to pay and refund all or a portion of the Outstanding Solid Waste Disposal Bonds. section 2. In order to raise the money required to refund the Outstanding Solid Waste Disposal Bonds as set forth above, in addition to any funds which may be made available for such purpose from any other source, bonds of the County are hereby a\!t::h9r.izeQ .,and_,shall._be_ issued pursuant to The Local''-' Government Finance Act of North Carolina. The maximum aggregate principal amount of bonds authorized by this bond order shall be $30,000,000. Section 3. A tax sufficient to pay the principal of and interest on said bonds when due shall be annually levied and collected. -2- .. .... ~ Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. 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 Government Bond Act showing the appraised value of the County of New Hanover to be $ 7, 529, 774, 1 48 and the net debt thereof, including the proposed bonds, to be $ 61 331 052 , , 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 adjournment thereof to be held at 320 Ch~stnnt street - RCX)ffi 100 , in wilmington, North Carolina at~ o'clock, ~.M., on the 6th day of December, 1993. Lucie F. Harrell Clerk to the Board of Commissioners of the County of New Hanover -3- STATE OF NORTH CAROLINA ss. : COUNTY OF NEW HANOVER I, LUCIE F. HARRELL, Clerk to the Board of commissioners of the County of New Hanover, in the state of North Carolina, DO HEREBY CERTIFY that I have compared the attached copy of the debt statement with the original debt statement filed by the Finance Officer of said County in the office of said Clerk on the /?~ day of November, 1993 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 County, this 6th day of December, 1993. ~,\:/ xLA- Cl r~ t<:>-the Board of Co 1SS1oners of the County of New Hanover STATEMENT OF DEBT OF THE COUNTY OF NEW HANOVER, NORTH CAROLINA, MADE AND FILED PURSUANT TO SECTION 159-55 OF THE LOCAL GOVERNMENT FINANCE ACT, AFTER THE INTRODUCTION OF THE BOND ORDERS AUTHORIZING THE ISSUANCE OF $47,000,000 BONDS, INTRODUCED AT A MEETING OF THE GOVERNING BODY OF SAID COUNTY, HELD ON THE 19TH DAY OF NOVEMBER, 1993. (a) Appraised value of property subject to taxation as certified by the County Assessor. $ 7.t;?Q,774/14R (b) Gross debt as listed in the attached "Schedule of Gross Debt." $ 111,831,052 (c) Deductions to be made from Gross Debt as listed in the attached "Schedule of Deductions." $ 47.00,0.000 (d) Net debt (being the difference between the Gross Debt and Deductions). $ 64,831,052 (e) Percentage that net debt bears to the appraised value of property subject to taxation. 0_ R61 ~ o Dated: 1/-/9-fi-! '" SCHEDULE OF GROSS DEBT (The debt described below should not include debt incurred or to be incurred in anticipation 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 Amount General Obligation Refunding Bonds General Obligation Refunding Bonds $17,000,000 30,000,000 Total $ 47,000,000 B. Unissued bonds authorized by adopted orders: Purpose Amount $ Total $ c. Outstanding debt not evidenced by bonds: Source of Debt Purpose Amount see attached list Total $ 6,266,052 D. Outstanding debt evidenced by bonds: Date of Bonds Purpose Amount $ see attached list Total $ 58,565,000 Total $ 111.R11.0S? (D) (E) (F) (G) SCHEDULE OF DEDUCTIONS (A) Funding and refunding bonds authorized by orders introduced but not yet adopted. (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.) Bonded debt included in gross debt and incurred or to be incurred for water, gas or electric light or power purposes. 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). 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 pay- ment of such gross debt. Estimate of special assessments to be levied for local improvements for which any part of gross debt (that is not other- wise deducted) was or is to be incurred, to the extent -that the special assess- ments, when collected, will be applied to the payment of any part of gross debt. Total $ 47,000,000 $ $ $ $ $ $ $ 47.000.000 STATE OF NORTH eAROLINA ss. : eOUNTY OF NEW HANOVER ) ANDREW J. ATKINSON, being duly sworn, says that he is the Finance Officer of the eounty of New Hanover, in the State of North earolina; that by a resolution 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 referred to in the heading of said statement. F~ Sworn to and subscribed before me on the day of the date of said s atement. ss. : ,Itlll""'" \\ \ riA '" ....\\ ~ \,.\. .. P'Y/1, "" ..' 0...<<:" ._"."0", IV/V ' ... ~.... ,,' "eo'L, '.. $~'.4t "0 ~ ~ .. . 0 . :..::.... : .. M TA eo ~ -:. . \'" ""L'\, _' ... t1. 'T r.; 'CY- ~: : t':)- . .... 1~~E '~~'.. (JSLlr.: E :. .z '. ..., .. CJO: ~ ~ .... .... ~:$ , '4/1, '. .' _\ ... ',-7Iy, ....... "-.\\'" "" OVER CO'0,.... \..\.., '" - \\ 11'1/11111'\ My eommission expires the L.2!!' day of STATE OF NORTH eAROLINA ) eOUNTY OF NEW HANOVER I, the undersigned elerk to the Board of eommissioners of the eounty of New Hanover, in the State of North earolina, DO HEREBY eERTIFY that the foregoing statement and accompanying affidavit were filed in my office on thell~ day of November, 1993, after the - introduction of the order referred- to-- in--the heading of said statement. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said eounty, this ~ day of November, 1993. ~~//~ e er~ t~ the Board of eo lSSloners of the eounty of New Hanover Date 11/18/93 Time 12:28:58 Date of Issue 12/01/1968 11/01/1974 04/01/1975 06/01/1976 12/01/1985 12/01/1985 12/01/1985 12/01/1985 12/01/1985 07/01/1989 07/01/1989. 09/01/1989 11/01/1990 12/01/1990 12/01/1990 08/01/1992 03/01/1993 11- ~3 NEW HANOVER COUNTY, NC Page LON G - T E R M 0 E B T B Y I S SUE Bonded Debt for Groups 00 - 07 as of 10/31/1993 Based on Date Paid Accounts 0000000000000000 - 9999999999999999 Description Principal Balance SCHOOL BLDG TECHNICAL INSTITUTE SCHOOL PUBLI C HOSP IT AL REFUNDING REFUNDING REFUNDING REFUNDING REFUNDING Airport Bonds, 1989 Solid Waste Disposal, 1989 Museun Bonds PARKS & RECREATIONAL FAC 80S SOLID WASTE DISPOSAL- SERIES B SOLID WASTE DISPOSAL- SERIES A SOLID WASTE DISPOSAL G/O SCHOOL REFUNDING BONDS SCHOOL BLDG CFTI CAPE FEAR COMM. COLLEGE SCHOOLS (NHMH) STEAM PLANT PORTION LANDFILL PORTION SCHOOLS OLD COURTHOUSE A & E Airport Terminal Development Resource Recovery Series 1989 Museun Bonds PARKS AND REC BOND SERIES 1990B- TAX EXEMPT SERIES 1990A- TAXABLE SOLID WASTE, SERIES 1992 G/O SCHOOL REFUNDING, 1993 440,000,00 1,050,000.00 1,700,000.00 2,960,000.00 2,791,667.00 558,334.00 3,967,855.00 937,860.00 144,284,00 1,650,000,00 21,530,000.00 3,750,000.00 4,400,000.00 1,170,000.00 1,980,000.00 995,000.00 5,040,000.00 Total 55,065,000,00 SfCC/fl'1v O/1,LJG-hi7t>,.} 40n4s (/ Fir) 3,S'OO,ooo -i !)" 8,S"G5:, ()() () Date 11/18/93 Time 12:29:49 Date of Issue 04/24/1989 08/08/1989 06/24/1991 06/24/1991 08/23/1991 01/01/1992 08/12/1991 10/22/1991 01/01/1992 03/23/1992 04/07/1992 07/13/1992 09/01/1992 10/01/1992 11/01/1992 12/01/1992 12/14/1992 01/01/1993 06/25/1993 06/25/1993 04/01/1993 NEW HANOVER COUNTY, NC Page LON G - T E R M 0 E B T B Y I S SUE Installment Debt for Groups 00 - 07 as of 10/31/1993 Based on Date Paid Accounts 0000000000000000 - 9999999999999999 Description New Hanover Memorial Hospital Social Services Building FUNB 9110007-003 Funb 9110007-002 FUNB 9110007-004 FUNB 9110007-007 FUNB 9110007-005 FUNB 9110007-006 FUNB 9110007-009 FUNB 9110007-010 FUNB 9110007-011 FUNB 9210018-001 I BM CORPORATION IBM CORPORATION I BM CORPORATION I BM CORPORATION FUNB 9210034-001 I BM CORPORATION FUNB 9110007-014 FUNB 9110007-013 FUNB 9110007-012 Principal Balance NHMH N/P DSS Building Purchase EMS Anbulances MIS Computer Equipment Health Dept. Computer System CATERPILLAR BULLDOZER VSE/SP V4 Software Upgrade WICAT LEARNING LABS FOR SCHOOL HEALTH DEPT. COMPUTER SYSTEM 1991 GMC GAS SUBURBAN (2) 1992 TYPE III AMBULANCES LAW ENFORCEMENT CTR EXPANSION DSS COMPUTER SYSTEM-HARDWARE DSS COMPUTER SYSTEM-FEATURES DSS COMPUTER SYSTEM-SOFTWARE DSS COMPUTER SYSTEM MYRTLE GROVE BRANCH LIBRARY IBM MAINFRAME COMPUTER EQUIP LIBRARY AUTOMATION SYSTEM HEALTH DEPT TELEPHONE SYSTEM 1993 CHEVROLET SUBURBAN 300,000.00 3,000,149.60 112,823.08 15,220.47 3,015.42 149,193.25 9,890.11 34,364.15 78,754.75 19,828.57 67,n1.52 580,735.87 123,574.74 13,803.05 29,936.12 11,744.91 380,038.08 1,023,111.50 1n,786.00 120,817.56 18,543.17 Total 6,266,051.92 STATE OF NORTH CAROLINA ss. : COUNTY OF NEW HANOVER I, LUCIE F. HARRELL, Clerk to the Board of commissioners of the County of New Hanover, DO HEREBY CERTIFY, as follows: 1. A /j~A~ / meeting of the Board of Commissioners of the County of New Hanover, located in the State of North Carolina, was duly held on November 19, 1993, proper notice of such meeting having been given as required by North Carolina statutes, and minutes of said meeting have been duly recorded in the Minute Book kept by me in accordance with law for the purpose of recording the minutes of said Board. 2. I have compared the attached extract with said minutes so recorded and said extract is a true copy of said minutes and of the whole thereof insofar as said minutes relate to matters referred to in said extract. 3. Said minutes correctly state the time when said meeting was convened and the place where such meeting was held and the members of said Board who attended said meeting. IN WITNESS WHEREOF, I have hereunto set my hand and have hereunto affixed the corporate seal of said County, this I'~ day of November, 1993. ,,, . .. Solid Waste Refunding EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS A regular meeting of the Board of Cormnissioners of the County of New Hanover was held on Friday, November 19, 1993 at 10:00 a.m. in Room 501 of the New Hanover County Administration Building, 320 Chestnut street, Wilmington, North Carolina, and the following Cormnissioners were present and absent: PRESENT: Robert G. Greer, Chairman E.L. Mathews, Jr., Vice-Chairman Sandra Barone William A. Caster ABSENT : William Sisson * * * * * * * Cr.rnmissioner C~ster introduced the following bond order which was read at length: . " "BOND ORDER AUTHORIZING THE ISSUANCE OF $30,000,000 GENERAL OBLIGATION REFUNDING BONDS OF ~HE COUNTY OF NEW HANOVER" WHEREAS, the County of New Hanover (the "County") has issued and outstanding General Obligation Refunding Bonds, dated December 1, 1985, maturing in the years 1994 to 2002, inclusive (the "outstanding 1985 Refunding Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, dated July 1, 1989, maturing in the years 1994 to 2009, inclusive (the "outstanding 1989 Solid Waste Disposal Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, Series 1990B, dated December 1, 1990, maturing in the years 1994 to 2011, inclusive (the "Outstanding 1990 Solid Waste Disposal Bonds"); and WHEREAS, the County has issued and outstanding Solid Waste Disposal Bonds, Series 1992, dated August 1, 1992, maturing in the years 1994 to 2013, inclusive (the "Outstanding 1992 Solid Waste Disposal Bonds"); and WHEREAS, the Board of Commissioners of the County deems it advisable to pay and refund all or a portion of the Outstanding 1985 Refunding Bonds, the Outstanding 1989 Solid Waste Disposal Bonds, the outstanding 1990 Solid Waste Disposal Bonds and the Outstanding 1992 Solid Waste Disposal Bonds (collectively, the "Outstanding Solid Waste Disposal Bonds") pursuant to and in accordance with The Local Government Finance Act; and -2- WHEREAS, an application has been filed with the Secretary of the Local Government Commission of North carplina I 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, as follows: section 1. The Board of Commissioners of the County has ascertained and hereby determines that it is advisable to pay and refund all or a portion of the Outstanding Solid Waste Disposal Bonds. section 2. In order to raise the money required to refund the outstanding Solid Waste Disposal Bonds as set forth above, in addition to any funds which may be made available for such purpose from any other source, bonds of the County are hereby authorized and shall be issued pursuant to The Local Government Finance Act of North Carolina. The maximum aggregate principal amount of bonds authorized by this bond order shall be $30,000,000. Section 3. A tax sufficient to pay the principal of and interest on said bonds when due shall be annually levied and collected. Section 4. A sworn statement of the County's debt has been filed with the Clerk to the Board and is open to public inspection. -3- , ' section 5. This bond order shall take effect upon its adoption. Commissioner Mathews moved the adoption of the following resolution: WHEREAS, the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF $30,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF NEW HANOVER," has been introduced at the meeting of the Board of Commissioners of the County of New Hanover held on November 19, 1993 and the Board of Commissioners of the County of New Hanover desires to provide for the holding of a public hearing thereon and the submission of a statement of debt in connection therewith as required by The Local Government Bond Act; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of New Hanover, as follows: (1) The public hearing upon said bond order shall be held on the 6th day of December, 1993 at ~ o'clock E.M., at 1/0 ('hpc:::t-nllt- ~t-rppt-, Rmm 100 , in Wilmington, North Carolina. (2) The Clerk to the Board 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 County's Finance Officer is hereby directed to file with the Clerk prior to publication of the bond order with the notice of such public hearing, a statement setting forth the -4- ",.- debt incurred or to be incurred, the appraised value of property subject to taxation by the County and the net debt of the County. The motion was seconded by Commissioner Greer and * AYES: following vote: Robert G. Greer, Chainnan E.L. Mathews, Jr., Vice-Chairman Sandra Barone William A. Caster was adopted by the NAYS: None * William Sisson absent. * * * * * -5-