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Cabarrus County - Board of Commissioners <br />Find what you're looking for <br />Need to find something <br />quickly? Search our site <br />Index from A-Z <br />Page 1 of 1 <br />NOTICE OF PUBLIC HEARING <br />Search <br />NOTICE IS HEREBY GIVEN that the Board of County Commissioners (the "Board ") of the <br />County of Cabarrus, North Carolina (the "County "), will conduct a public hearing on <br />SUy infonw September 20, 2010.concerning the execution and delivery of (a) one or more short -term <br />Installment financing contract(s) with one or more third parties and (b) one or more long- <br />term installment financing contract(s) with one or more third parties (collectively, the <br />Get connected with "Contracts ") to finance all or a portion of the costs of (i) acquiring real property, (ii) <br />social media, alerts, constructing and equipping new public school facilities and expanding, rehabilitating, <br />e- newsletters, online renovating and equipping existing public school facilities and (iii) various real and personal <br />■� services and more. property improvements related to the foregoing (collectively the "Projects "). <br />© SHARE ©t l� _. <br />The plan of financing for the Projects involves (i) the entry by the County into one or more <br />short -term installment financing contract(s) with one or more third parties who will provide <br />the County with up to $14,637,160 pursuant to the terms of the short -term installment <br />Q uick Links <br />financing contract(s), which amounts will be used to provide interim financing for the <br />Projects pending execution and delivery of one or more long -term financing contract(s) and <br />► Home <br />(II) the entry by the County into one or more long -term installment financing contract(s) <br />with one or more third parties who will provide the County with up to $14,637,160 pursuant <br />► About Cabarrus County <br />to the terms of said one or more long -term Installment financing contract(s), which amounts <br />► Government <br />will be applied to provide long -term financing for the Projects. The County's obligations to <br />► Board of <br />any third party supplying short -term or long -term financing are authorized by North Carolina <br />Commissioners <br />General Statutes Section 160A -20 and will be secured by a lien upon or security interest in <br />► Boards and <br />all or some portion of The Projects and in all or some portion of the real property on which <br />Committees <br />the Projects will be located. <br />► Public <br />Hearings/ Notices <br />The obligations of the County under the Contracts will not be deemed to be a pledge of the <br />► Schedule <br />faith and credit of the County within the meaning of any constitutional debt limitation and <br />► Agenda <br />the Contracts will not directly or indirectly or contingently obligate the County to make any <br />► Minutes <br />payments beyond those appropriated in the sole discretion of the County for any fiscal year <br />► Reports <br />in which the Contracts are in effect. No deficiency judgment may be rendered against the <br />► Economic <br />County in any action for breach of the Contracts and the taxing power of the County is not <br />Development <br />and may not be pledged directly or indirectly or contingently to secure any moneys due <br />Grant Program <br />under the Contracts. <br />► Strategic Planning <br />► Calendar <br />PLEASE TAKE NOTI CE THAT THE BOARD WI LL HOLD A PUBLIC HEARI NG CONCERNI NG THE <br />► Contact Us <br />PLAN OF FINANCING AT 6:30 P.M. ON MONDAY, SEPTEMBER 20, 2010, IN THE <br />COMMISSIONERS' MEETING ROOM IN THE CABARRUS COUNTY GOVERNMENTAL CENTER, <br />► County Manager <br />CONCORD, NORTH CAROLINA, AT WHICH ANY PERSON MAY BE HEARD CONCERNING THE <br />► Department Listing <br />PLAN OF FINANCING. ANY PERSON WISHING TO COMMENT IN WRITING ON THE PLAN OF <br />► FAQ <br />FINANCING MAY DO SO BY DELIVERING SUCH COMMENTS TO THE UNDERSIGNED AT 65 <br />► Policies <br />CHURCH STREET SE, CONCORD, NORTH CAROLINA, 28025, WITHIN 5 DAYS FROM THE DATE <br />► Forms <br />OF PUBLI CATI ON OF THI S NOTI CE. <br />► Education <br />► Employment <br />Pamela S. Dubois <br />► News <br />Finance Director <br />► GI S <br />► Business Resources <br />► Public Safety <br />Posted August 3, 2010 <br />► Tax, Property & Deeds <br />► Contact Us <br />j <br />Ca <br />TM a.ar �RT<L <br />UNIL <br />Governmental Center <br />PO Box 707 <br />Concord, NC 28026 <br />Email Us! <br />Home I A -Z ( Government I News I Employee Access I Privacy I Accessibility I Contact <br />AOT number 5 <br />G -4 <br />http: / /www.cabarruscounty. us/ Commissioners /publienoticeshearings /2010 /August/QS CBP... 8/3/2010 <br />