1999 - 03-22-99 Regular Meeting - Laserfiche WebLink

Home Browse Search

0 BOOK V PAGE 597 0 0 4 Aye: Garner, Matthews, and Reives Nay: Adams, Hincks, Paschal, and Sauls The Chairman ruled the motion had been defeated by a four to three vote. Commissioner Adams moved to approve the Lee County Subdivision Ordinance as presented with Chairman Hincks's motion included. Upon a vote, the results were as follows: Aye: Adams, Garner, Hincks, Paschal, Reives, and Sauls Nay: Matthews The Chairman ruled the motion had been adopted by a six to one vote. The Board considered a reserve fund agreement between the County of Lee, City of Sanford, Sanford-Lee County Airport Authority, and BB&T with respect to financing of the construction of "T" hangars and F.B.O. maintenance hangars at the new airport. Airport Authority Chairman Buddy Keller asked the Board to join with the City of Sanford in executing a Reserve Fund Agreement with BB&T. If approved, the County's commitment would be in the amount of $125,000. Mr. Keller told the Board that the hangar construction loan will be in the amount of $797,500 (for 50 hangars) with terms of 6.39% for fifteen years. County Attorney K. R. Hoyle passed out a memo from the Airport Authority stating that a public hearing had been held on behalf of the Sanford-Lee County Regional Airport Authority on Monday morning, March 22, 1999, at 9:00 a.m. The purpose of the hearing was to hear comments on a proposal for the Airport Authority to finance an amount, not to exceed $800,000, for improvements to the new airport. The Airport Authority advised that no one made comments at the public hearing. Mr. Hoyle stated that in accordance with Internal Revenue Code Section 147(f), results of the public hearing had to be reported to the Commissioners, and they must consider the findings of the hearing and consider approval of the Reserve Fund Agreement. After some discussion, Commissioner Paschal moved to approve a resolution approving proposed financing for the airport facilities for the purposes of the Internal Revenue Code, and approve the execution and delivery of a Reserve Fund Agreement, a copy of which is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Adams, Garner, Hincks, Matthews, Paschal, Reives, and Sauls Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered a proposed hunting bill that was approved by the Board in May, 1998. Commissioner Matthews told the Board that she had been advised by Senator Kinnaird that some opposition was expected since the composition of the Board had changed since the bill was first forwarded to the General Assembly. She also told the 4