Orange County NC Website
Browse       Search
1� VIVall, ' §� +1 �173. i�', wf'-.•I�+ n�`'X44 ..;Z'���t+..l�.7YLr-i+,' irfitt a"» .F"+` <br /> _ � r v '�., 3�,'r. r,' 7' �. ti,-yl 'ti' ir'. ,�� ra-•"'�•v^ d9-• Yti 5����y,,�,�'�.� <br /> 0 274 t <br /> Mr. Bergman presented a report to the Board of Commis- <br /> sioners on the activities of the Industrial Revenue and Bonding <br /> Uthority for the past several. months. He said there had not <br /> �n a great deal of interest from industry in development due <br /> to the high interest rates. He added that funds had been expended <br /> for the financing of a Metro Atlas which would be ready for dis- <br /> tribution in the next few months_ Mr. Bergman cited a letter <br /> prom former Board Chair, Anne Barnes, which inquired about a _ <br /> 'cater and sewer extension policy for the County. He said as <br /> a group the Authority was unclear about direction; that is, should <br /> such a policy give one option or include several options? He felt <br /> the Authority had not received enough guidance or staff support. <br /> Chairman Whitted said the Hoard of Commissioners needed to <br /> rethinlc its designation to the Industrial Revenue and Bonding <br /> Authority; the basic question, as he sees it, is which agency in <br /> '~an-jc County should be the lead authority in economic development. <br /> Chairman Whitted said the Hoard needed to decide to what extent"the <br /> County is willing to finance water/sewer lines. some Board members <br /> felt each such request for water/sewer extension should be decided <br /> on an individual basis while other Board members felt each option, <br /> with all the pros and cons, should be spelled out during policy <br /> development. <br /> Commissioner Willhoit moved, seconded by Commissioner Walker, <br /> to ask the Authority to develop a water and sewer extension policy <br /> i <br /> far Orange County and that such a policy be based on a revolving fund <br /> Woncept with the specific mechanics left up to the Authority to <br /> present to the Board in the policy, Commissioner Marshall suggested <br /> j <br /> a friendly amendment, that the fund be self liquidating rather than <br /> revolving. Commissioner Willhoit said he had no problem with that; <br /> basically he feels that the mechanics should be left up to the <br /> Authority to develop. <br /> The County Attorney told the Board it would have to have <br /> "specific statutory guidance" in any such policy for financing, <br /> interest rates, and method of repayment. Commissioner Willhoit <br /> said he felt that was a "mechanics" area which should be left to:-the <br />