9/7/1983 - Laserfiche WebLink

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Commissioner Scurlock concurred, noting that we have passed two.industrial bond resolutions and brought Rampmaster to town. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Lyons, the Board unanimously agreed to waive the deadline for considera- tion of an amendment to the Comprehensive Plan as -requested by Helene Holding Company and to give their request due consideration on an expedited basis. BOND INDUCEMENT_ RESOLUTION - HUTCHINSON UTILITIES Attorney Brandenburg reviewed the history of the application of Hutchinson Utilities for an industrial bond issue, noting that there was concern by the people in the Moorings area about this as related to the request for a rate increase. As a result, Attorney Brandenburg stated that he has worded the inducement resolution so that it does not make any findings re financial feasibility of the project, and this will be withheld until the rate hearing can take place. It is also specified that the rate hearing will not -occur prior to October 15th, which will give residents in The Moorings a chance to analyze the proposed rate increase. The action to be taken by the Board today would be to approve the Resolution and authorize the. Chairman to sign the letter of inducement. Hutchinson Utilities must understand that if it proceeds at this point, it is doing so at its own risk and .later if the rate determined is insufficient for the bonds to be self-supporting, they will have to look elsewhere for financing. Commissioner Scurlock asked if the rates include impact fees, and Attorney Brandenburg stated that the rate structure includes all fees. Attorney Brandenburg informed the Board that there is one minor change under paragraph B on the second page; to be consistent with the Statute, instead of "industrial facilities," 106 C.F P- 71983 FACE 5411 L...:_-