1988 - 10-03-88 Regular Meeting - Laserfiche WebLink

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?0 0,K 12 r',,,,, S31 Commissioner Raymond C. Cox, Jr, seconded the motion and upon a vote the results were as follows: AYE: Cox, Dossenbach, Matthews, Wicker and Dotterer NAY: None The Chairman ruled the resolution had been unanimously adopted. The Board next discussed its proposed trips to view the work of the architects bid on the courthouse and jail renovations . No formal action was taken. Commissioner Gordon A. Wicker inquired concerning the refuse containers on the lower Moncure Road and was advised that the superintendent had been advised of the complaint and had crews out working on the site that date. The Chairman stated that the Lee County Industrial Facilities and Pollution Control Financing Authority had adopted a resolution expressing its intention to issue revenue bonds and authorizing the execution and delivery of an inducement agreement pertaining to the financing of an industrial project for Helikon Furniture Company, Inc. The Chairman submitted copies of the resolution and the inducement agreement to the Board. The Chairman then stated that a notice had been published on September 16, 1988 that the Board would hold a public hearing on October 3, 1988 on the proposed project and the issuance of revenue bonds to finance the project. Commissioner John R. Dossenbach, Jr, moved that the Board proceed to hold a public hearing on the project and the issuance of revenue bonds to finance the project. The motion was seconded by Commissioner Raymond C. Cox, Jr. and was unanimously adopted. At 11:30 o'clock A. M. , the Chairman announced that the Board would hear anyone who wished to be heard on the advisability of the proposed project and the issuance of revenue bonds to finance the project and that a representative of the authority was present and was prepared to discuss the details concerning the proposed project and bond issue. Mr. Clark Peaslee, Director of Engineers for Helikon Furnituer Company, who is in charge of the project, appeared before the Board and advised the Board that his company expected to spend $1, 000, 000 for building; $4, 000, 000 for machinery and equipment and $3, 000, 900 for acquisition of the site. After the Board had heard all persons who requested to be heard, Commissioner John R. Dossenbach, Jr, moved that the public hearing be closed. Commissioner Raymond C. Cox, Jr, seconded the motion which was unanimously adopted. Commissioner John R. Dossenbach, Jr, introduced the following