1995 - 08-07-95 Regular Meeting - Laserfiche WebLink

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® BOOK 16 wr. 155 ® 105 vote. The Chairman ruled the motion had been adopted by a five to one Commissioner Reives made the following statement. "I am not comfortable with what we're doing because I don't know it like you (Kenny Cole) know it. Perhaps if you do some report that tells me where we are now in the project . . . because I think the point you are making is the one that will raise the most questions. The people in this area will be asking questions because they are asking for water." He asked Public Works Director Kenny Cole for (1) the names of the members serving on the nine-member committee appointed last fall, (2) copies of minutes of all meetings showing how they came up with the roads listed as growth corridors in Phase I, (3) how we are going to address residents living on the edge of Lemon Springs Road that will not be getting water and (4) a map of the designated area listed as growth corridors for Phase I. The Board considered a water purchase contract with the City of Sanford. County Manager William Cowan went over the contract with the Board and answered questions. After some discussion Commissioner Reives moved to approve the water purchase contract with the City of Sanford to purchase in such quantity as may be required by the purchaser not to exceed 60 million gallons of water per month. Commissioner Cox seconded the motion, and upon a vote, the results were as follows: Aye: Cox, Dossenbach, Garner, Matthews, Moretz and Reives Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered a resolution approving the filing of an application with the local government commission for general obligation bonds consisting of $9,300,000.00 in water bonds. Commissioner Dossenbach moved to approve the following resolution: 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 A PROJECT TO BE FINANCED BY THE ISSUANCE BY THE LEE COUNTY WATER AND SEWER DISTRICT NO. 1, NORTH CAROLINA, FOR GENERAL OBLIGATION BONDS CONSISTING OF $9,300,000.00 IN WATER BONDS WHEREAS, the Board of Commissioners of the County of Lee, sitting as the governing body of the Lee County Water and Sewer District No. 1, North Carolina, has reviewed in detail the proposed project to be financed with general obligation bonds of the Lee County Water and Sewer District No. 1, the need for such project, facts showing that the amount of proposed bonds is adequate but not excessive for said purpose, matters relating to the debt management 2