June 19, 1998 - 9:00 AM - County Board of Commissioners Meeting Minutes (Special)
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June 19, 1998 - SpecialJune 19, 1998The Johnston County Board of Commissioners met in special session Friday, June 19, 1998, at 900am in the Commissioners Room, Johnston County Courthouse Annex, Smithfield, North Carolina, withthe following membersPresent Norman C Denning, Chairman, James W Cash, Vice Chairman, Jerry F Wood,DDS, Eleanor N Creech, and James H Langdon, JrAbsent Cookie Pope and Thomas M MooreAlso Present Richard B Self, County Manager, Joyce H Ennis, Clerk to the BoardThe Chairman called the meeting to order and the following business was transacted1 Clayton Water District - Subsequent Loan from USDA Rural DevelopmentUpon a motion by Commissioner James W Cash, seconded by Commissioner Eleanor N Creechand carried by unanimous vote, the Board recessed regular session to sit as the Clayton Water DistrictBoardBarbara Beard - Hinton from USDA Rural Development discussed the final documentation on thesubsequent loan for the Clayton Water District in the amount of 140,000 Ms Beard - Hinton reviewedwith the Board the required new and amended documents, and requested the Board adopt a resolutionapproving the conditions of the loan Combined with the original loan of 3,420,000, the total approvedClayton District loan would now be up to, but not to exceed, 3,560,000County Manager, Richard Self, pointed out to the Board that the interest rate on this subsequentloan will be higher than the original loanEngineer Tim Broome explained the proposed basic rate for the Clayton District is high comparedto other districts, however there has been discussion of using all the tap fees the first two years to reducethe amount, based on the belief that additional growth in the area will soon take care of the situationFollowing discussion, Commissioner James W Cash moved the Board adopt the followingresolution Commissioner James H Langdon, Jr seconded the motion, which carried by unanimous voteCLAYTON WATER DISTRICTResolution 42BE IT RESOLVEDThat the Board of Commissioners of the Clayton Water District accepts the conditions set forth in theamended Letter of Conditions dated June 19, 1998, and Form FmHA 1942 -47, Loan Resolution;That the Board of Commissioners approves as shown on Form FmHA 442 -7, Operating Budget, therevised proposed budget;That the Chairman and Clerk be authorized to execute all forms necessary to obtain a loan from the RuralUtility Service RUS, including, but not limited to the following formsForm FmHa 1942 -47Form FmHA 442 -46Form FmHA 442 -7Form FmHA 400 -1Form FmHA 400 -4Form FmHA 1940 -1Form FmHA 1910 -11Form AD -1047Loan ResolutionLetter of Intent to Meet ConditionsOperating BudgetEqual Opportunity AgreementAssurance AgreementRequest for Obligations of FundsApplicant Certification FederalCollection PoliciesCertification Regarding DebarmentThat if the interest rate charged by USDA Rural Development should change between this date and thedate of actual loan approval, the Chairman and Clerk be authorized to execute new forms reflecting the101current interest rate and revised payments as required by USDA Rural Development;The proposed rate schedule for residential water use is as followsMinimum 2670 per 1,000 gallons of water usageAll over 1,000 gallons - 270 per 1,000 gallonsThat the resolution to become a part of the official minutes of the Board of Commissioners of the ClaytonWater District meeting held June 19, 1998Upon a motion by Commissioner Eleanor N Creech, seconded by Commissioner James H Langdon,Jr and carried by unanimous vote, the Clayton Water District Board adjourned and regular session wasresumedThere being no further business, Commissioner James W Cash moved the Board adjournCommissioner Eleanor N Creech seconded the motion, which carried by unanimous voteNorman C Denning, ChairmanJoyce K Ennis, ClerkDetailsAnnotationsEntry PropertiesModified11192013 15051 PMCreated3212003 15754 PMTemplateMinutesFieldsMinutes - TypeSpecialMinutes - Date6191998Book21