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HARNETT COUNTY BOARD OF COMMISSIONERS MEETING FOR
WEST CENTRAL WATER AND SEWER DISTRICT, MAY 18, 1987
ALL TO ORDER
The Harnett County Board of Commissioners sitting as the Governing Body of the West
Central Water and Sewer District met 'on.Monday, May 18, 1987, in the Commissioners
Board Room, County Office Building, Lillington, North Carolina, with the following
members present: Bill Shaw, Rudy Collins, Mack Reid Hudson, Mayo Smith, and Chairman
Lloyd G. Stewart presiding. Others present were: Vanessa W. Young, Clerk to the
Board; Dallas H. Pope, County Manager; Glenn Johnson, County Attorney; and Kay
Blanchard, Recording Secretary,
Chairman Stewart called the meeting to order at 7:00 p.m.
Mr. Willard'Dean, District Loan Specialist, FmHA, appeared before the Board and ex-
plained the Letter of Conditions concerning funding for the West Central Water &
Sewer District project.
ESOLUTION RE Commissioner Smith made a motion to adopt a resolution accepting the Letter of Condi-
ETTER OF COND. tions from FmHA. Commissioner Shaw seconded the motion and it passed with a unanimous
vote. A copy of the resolution is copied in full at the end of these minutes dated
May 18, 1987.
DJOURNMENT There being no further business, the meeting of the Harnett County Board of Commission-
ers sitting as the Governing Body of West Central Water and Sewer District duly
,adjourned at 7:15. a.m.
Document No. 1.
BE IT RESOLVED:
Stewart, Chairman
xd
Kay B nchard, Secretary
(1) That the Board of Commissioners of WEST CENTRAI. WATER C SEWER DISTRICT
accepts the conditions set forth in o teller of 1'nndi Liam: doled May 15, 1987
and Form FmIIA 1042 -47, Lana 1lrania(lll
(2) That the Board of Commissioners of WEST CENTRAL WATER C SEWER DISTRICT
shown on Form FmIIA 442-7,- operating Budget; the proposed budget:
(3) That the Chairman and Clerk be authorized to execute ulL forma necessary to
obtain a loan from FmIIA, including, but not limited to the following forms:
Form FmlIA 1942 -47 loan Resolution
Form FmIIA 442 -46 Letter of intent.
Form FmIIA 442 -7 Opetoll ng Budge1.
Form FmIIA 400 -4 Assurance Agreement
Form FmIIA 400 -1 Equal Opportunity Agreement
Form FmliA 1940 -1 Request For Obligation 111. Funds
That if the interest rate charged by FICA should be changed between this date
and the date of actual loan approval, the chairman and Clerk he authorized to
execute new forms reflecting the current interest rule and revise payments as
required by FmHA:
(4)
(5)
6)
approves e,
That the Board of Commissioners elects to have the interest rate charged by FmHA
to be the lower of the rate in effect at either the lime of loan approval or
loan closing:
The proposed rate schedule for water use is as follow!;:
Residential - Minimum $11.00 (Base feat for 2,000 gal.
plus 2.50/1000 gallons
Commercial- Minimum $100.00(Base feel for 20,000 gal.
r plus 2.50/1000 gut lonn
'7) This resolution to become a part of the official minutes of the Board of
Commissioners meeting held on
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