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HomeMy WebLinkAbout08031987328 HARNETT COUNTY BOARD OF COMMISSIONERS' MEETING FOR NORTHWEST WATER AND SEWER DISTRICT, AUGUST 3, 1987 The Harnett County Board of Commissioners sitting as the governing body of Northwest Water and Sewer District met August 3, 1987, in the 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 S. Blanchard, Recording Secretary. CALL TO ORDER Chairman Stewart called the meeting to order at 9:00 a.m. RESOLUTION RE John Phelps, Public Utilities Attorney, presented for consideration, a APPLICATION FOR resolution regarding filing Application for Approval of Issuance of General BONDS- NORTHWEST Obligation Bonds of the Northwest Water and Sewer District. Commissioner W & S DISTRICT Collins made a motion to approve the resolution. Commissioner Smith seconded the motion and it passed with a unanimous vote. The resolution is copied in full at the end of these minutes dated August 3, 1987, as document No. 1. ADJOURNMENT DOCUMENT NO. 1. Commissioner Smith made a motion for the public hearing on the Bond Referendum to be held at 7:00 p.m. on August 31, 1987, at the Harnett County Office Building, Lillington, North Carolina. Commissioner Collins seconded the motion and it passed with a unanimous vote. There being no further business, the Harnett County Board of Commissioners sitting as the Governing Body of Northwest Water and Sewer District duly adjourned at 9:10 a.m. l d G. Stewart, Chairman fiLvt_tA4,0-.) Vanessa W. Young, j erk . the Board IC Ka Blanchard, Recording Secretary 01 RESOLUTION REGARDING FILING APPLICATION FOR APPROVAL OF ISSUANCE OF GENERAL OBLIGATION BONDS OF THE NORTHWEST WATER AND SEWER DISTRICT OF HARNETT COUNTY WHEREAS, the Harnett County Board of Commissioners sitting as the governing body of the Northwest Water and Sewer District of Harnett County (hereinafter the "Board "), desires to provide a potable public water supply system to portions of the newly created Northwest Water and Sewer District of Harnett County (hereinafter "District "); and WHEREAS, it is now necessary to obtain funding to pay the costs of construction of the proposed system through the sale of general obligation bonds of the District; and WHEREAS, the District intends to construct water distribution pipelines in portions of the Distric where the number of users in a proposed area is of a sufficient number so as to make construction of a water distribution pipeline in such area economically feasible; and WHEREAS, the District's Consulting Engineers have carefully studied the District and have prepared a construction Feasibility Report with total estimated costs of $2,450,000.00; and WHEREAS, the Board recognizes that there have been numerous complaints from residents of the District regarding contamination of wells due to radon gas and finds that the project is necessary and expedient in order to provide potable and safe water to residents of the District, as well as churches, places of business, a school and a rest home therein; and 323 WHEREAS, the Board desires to make application to the North Carolina Local Government Commission for the approval of the issuance of general obligation bonds of the District in an amount not to exceed $2,600,000.00; and WHEREAS, said amount is adequate and not excessive for the proposal prepared, in that it is sufficient to cover the estimated cost of construction of the water system and to cover any additional increase in cost due to inflation; and WHEREAS, the Board intends to construct the project without an increase in the property tax in the District; and WHEREAS, the estimated cost of water service for a user of the system as projected by the District' Consulting Engineers is not excessive; and WHEREAS, the Board intends to construct the system only in the event that the project is economical feasible; and WHEREAS, during the construction and upon completion of the construction of the system in the District, the debt management policies and the budgetary and fiscal management policies of the District shall be carried out in full compliance with the applicable law; and WHEREAS, the Board desires to move forward with the application to seek approval of the above mentioned general obligation bonds, and desires to hold a bond election regarding the same on November 3 1987. NOW, THEREFORE, BE IT RESOLVED BY THE HARNETT COUNTY BOARD OF COMMISSIONERS sitting as the governin body of the Northwest Water and Sewer District of Harnett County that: 1. The District is hereby authorized and directed to file an application with the North Carolina Local Government Commission seeking approval of the issuance of not more than $2,600,000.00 in general obligation bonds of the District. 2. John M. Phelps, II, Harnett County Public Utilities Attorney, is designated as representative of the District for the purpose of seeking the approval of the said bonds and is directed to file application for approval of bonds and to employ bond counsel to represent the District in the authori- zation and issuance of bonds. Duly adopted this the 3rd day of August, 1987 upon motion made by Commissioner Collins, seconded by Commissioner Smith, and passed by the following vote: Ayes 5 Noes 0 Absent 0 Abstained 0 HARNETT COUNTY BOARD OF COMMISSIONERS sitting as the governing body of the Northwest Water and Sewer District of Harnett County ATTEST: Vanessa W. Young, Cle to the Board Lloyd Stewart, Chairman y