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3 <br /> North Carolina legislature are considering which will have an impact on the <br /> County budget: <br /> 1. elimination of general revenue sharing by the federal govern- <br /> ment, <br /> 2. elimination of the intangibles tax by the state legislature, <br /> noting that the intangible tax is a big item in the budget <br /> increasing 56% within the last four years, and <br /> 3. elimination of the sales tax on food. Collectively these items <br /> total eleven or twelve cents equivalent on the tax rate. <br /> Commissioner Carey noted that if a bond referendum is the funding alterna- <br /> tive, it would be necessary for the school board members to help educate the <br /> public. <br /> Miss Carolyn Horn, School Board member of the PISA Council, stated that <br /> the Council is very supportive of a bond issue. <br /> Chair Willhoit indicated that data will be compiled by the County staff to <br /> show the source of revenue for the short and long range needs which will put <br /> the Board in a position to further discuss the needs and a way to meet those <br /> needs. <br /> E. ITEMS FOR DECISION <br /> 1. 1985-86 ANNUAL AUDIT CONTRACT (descriptive narrative is contained in <br /> the permanent agenda file) <br /> County Manager, Kenneth R. Thompson explained this contract is a continu- <br /> ation with a change in the cost for a single audit. <br /> Motion was made by Commissioner Marshall, seconded by Commissioner Walker <br /> to approve the 1984-85 audit contract with the accounting firm of 'Ibuche Ross <br /> and Company and authorized the Chair to sign. <br /> VOTE: UNANIMOUS. <br /> 2. SEDGEWOCD APARTMENTS PLANNED DEVELOPMENT/SPECIAL USE PERKIT/REZONING <br /> REQUEST <br /> Marvin Collins was sworn in and indicated that the Planning Board <br /> found the application and site plan as submitted by the applicant complied with <br /> the general standards, rules and regulations of a special use with the excep- <br /> tion of landscaping and screening, signage, vehicular and pedestrian access. <br /> Also the plan did not comply with the 100 foot open space requirement around <br /> the perimeter of the property, the building details were absent and site <br /> triangles at road intersections were missing. The Planning Board recommends <br /> approval with the attachment of 23 conditions as listed below: <br /> 1. That the proposed loop collector street recommended by Chapel Hill be <br /> constructed to Town standards with a 27' roadway cross section with curb and <br /> gutter and a sidewalk on one side, and that its full length be within a <br /> dedicated public right-of-way that is 60' wide, and that it be dedicated to the <br /> public following construction. (See Chapel Hill recommendation #1 - the 27' <br /> wide roadway is consistent with conditions imposed on Homestead Road Apartments <br /> planned development/special use permit and reflects existing development <br /> patterns given most properties that could be served by the proposed collector <br /> are already developed and are served by direct access onto Weaver Dairy Road.) <br /> 2. That left turn lanes be provided on the proposed loop collector street <br /> at each of its intersections with Weaver Dairy Road. (See Chapel Hill <br /> recommendation #2) . <br /> 3. That a left turn lane and deceleration lane be provided on Weaver <br />