2010 - 12-06-2010 Regular Meeting

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BOON 23 FACE 41 and Economic Development (these boards have been given too much freedom to spend taxpayer money with little, or no accountability to either the Board of Commissioners or the taxpayers). Board members responded verbally to Mr. Noel's above requests. At this time Chairman Shook read proclamations honoring retirees Linda McArthur and Gail Beasley from the Department of Social Services. The Board conducted a public hearing and considered a resolution for the Lee Iron & Metal Company Project. Bond Attorney Mary Nash Rusher stated that Lee Iron & Metal were applying for up to $10,000,000 in Recovery Zone Facility Bonds that are issued to private businesses, with no county or state money being pledged. The Bonds will be purchased by BB &T and loaned to Lee Iron & Metal to finance the acquisition, construction, and equipping of a metal shredding facility located on approximately 18 acres of land located at 1600 Colon Road, Sanford, and to pay certain costs of issuance of the Bonds. The project is expected to create approximately 12 new jobs in Lee County. Ms. Rusher further stated that the Lee County Industrial Facilities and Pollution Control Financing Authority has approved the project and will assist in the financing under the North Carolina Industrial and Pollution Control Facilities Financing Act. The proposed project constitutes "recovery zone property" because it is a depreciable property located in a recovery zone which is used in the company's trade or business. Ms. Rusher further stated the Local Government Commission (LGC) will approve the proposed project once Commissioners have approved the resolution for the project. Mr. Scott Carpenter, President of Lee Iron & Metal was also present and answered questions from the Board. Commissioner Shook opened the public hearing that had been advertised for this date and time. The following spoke in favor of the proposed Lee Iron & Metal project: Mr. Scott Carpenter, President, Lee Iron & Metal — stated the project will continue to grow in the future and provide service for Lee County No one present spoke in opposition to the proposed project. Chairman Shook closed the public hearing. Commissioner Reives moved to approve a Resolution, the title of which read, Approval in Principle of Special Purpose Project for Lee Iron and Metal Company, Inc. and the Financing Thereof with Recovery Zone Facility Bonds in the Principal Amount of up to $10,000,000, 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: Hayes, Oldham, Parks, Paschal, Reives, Shook and Womack Nay: None Chairman Shook ruled the motion had been adopted unanimously. The Board discussed the proposed new Animal Control Ordinance. Health Director Howard Surface told Commissioners that the Board of Health approved recommendations for the revised Animal Control Ordinance presented by the Animal Control Committee at their November meeting. He asked Commissioners to review the "draft" ordinance provided to them and schedule public hearings 4