AG 2014 12 15 - Laserfiche WebLink

Home Browse Search

EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF THE COUNTY OF CABARRUS, NORTH CAROLINA The Board of Commissioners for the County of Cabarrus, North Carolina, met in regular session in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in Concord, North Carolina, the regular place of meeting, at 6:30 p.m., on December 15, 2014, with , Chairman, presiding. The following Commissioners were: PRESENT: Chairman ; Vice Chairman and Commissioners [Diane R. Honeycutt, Stephen M. Morris, Elizabeth F. Poole, Grace M. Mynatt and Lynn W. Shue]. ABSENT: [None.] ALSO PRESENT: Michael K. Downs, County Manager; Pamela S. Dubois, Deputy County Manager; Richard M. Koch, Esq., County Attorney; and Megan I.E. Smit, Clerk to the Board. RESOLUTION RELATING TO REFINANCING OF PRIOR INSTALLMENT FINANCING CONTRACT FINANCINGS OF VARIOUS PUBLIC PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $211,615,000; THE EXECUTION AND DELIVERY BY THE CABARRUS COUNTY DEVELOPMENT CORPORATION OF ONE OR MORE SERIES OF LIMITED OBLIGATION BONDS AND /OR CERTIFICATES OF PARTICIPATION RELATED THERETO AND CALLING REQUIRED PUBLIC HEARING WHEREAS, the Board of Commissioners desires to undertake a proposed plan of refinancing in an aggregate principal amount of up to $211,615,000, which plan would involve the entry by the County into one or more installment financing contracts with the Cabarrus County Development Corporation (the "Corporation ") or one or more other third parties pursuant to North Carolina General Statutes 160A -20, as amended, the proceeds of which would be used to refinance all or a portion of one or more installment financing contracts previously executed and delivered by the County, which prior installment financing contracts paid all or a portion of the costs of acquiring, constructing and equipping various Attachment number 1 F -10 Page 155