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THE INDEPENDENT TRIBUNE <br />January 23, 2009 <br />NOTICE OF PUBLIC HEARING <br />NOTICE IS HEREBY GIVEN that the Board of County <br />Commissioners (the "board") of the County of <br />Cabarrus, North Carolina (the "County"), will con- <br />duct apublic hearing on February 16, 2009 con- <br />cerning the execution and delivery of one or more <br />installment financing contracts with a lhlyd party <br />(the "Contracts') to refinance all or a pprtion of <br />one or more installment financing contracts previ- <br />ously executed and delivered by the County <br />which prior installment financing contracts pa ti <br />ali or a portion of the'costr of acquiring,, con- <br />structing and equipping various public facilities <br />and related improvements and costs (eollectively <br />the "Projects"). <br />The plan of refinancing for the Projects Involves the <br />entry by the County into the Contracts with a third <br />party who will provide the County with up to <br />$60,000,000 pursuant to the terms 'of the Con- <br />tracts, which amount will be applied to provide <br />refinancing of the Projects. The County's obliga- <br />tions to such third party supplying financing are <br />authorized by North Carolina General Statutes <br />Section 160A-20 and will be secured by a Ilen upon <br />or security Interest fn all or some portion of the <br />Projects and in all or some portion of the real <br />property on which the Projects are located. <br />The obiiaatlons of the County under the Contractr <br />not directly or Intlirectly or <br />the County to make any <br />are in effect. No tleticlencyy Ju0gment may oe ren- <br />dered against the County In any action for breach <br />of the Contracts and the taxing power of the <br />County Is not and may not be pledged directly or <br />indirectly or contingently to secure any moneys <br />due under the Contracts. <br />PLEASE TAKE NOTICE THAT THE BOARD WILL HOLD <br />A PUBLIC HEARING CONCERNING THE PLAN OF FI- <br />NANCING AT 6:30 P.M. ON MONDAY, FEBRUARY 16, <br />2009, IN THE COMMISSIONERS' MEETING ROOM IN <br />THE CABARRUS COUNTY GOVERNMENTAL CEN- <br />TER, CONCORD NORTH CAROLINA, AT WHICH <br />ANY PERSON Iv~AY BE HEARD CONCERNING THE <br />PLAN OF REFINANCING. ANY PERSON WISHING TO <br />COMMENT IN WRITING ON THE PLAN OF <br />REFINANCING MAY DO SO BY DELIVERING SUCH- <br />COMMENTS TO THE UNDERSIGNED AT 65 CHURCH <br />STREET SE, CONCORD, NORTH CAROLINA, 28026, <br />WITHIN 5 DAYS FROM THE DATE OF PUBLICATION <br />OF THIS NOTICE. <br />.Pamela 5. Duhois <br />finance Director <br />PUBLISH: January 23,2009 <br />G-1 <br />Item# 15 <br />Attachment number 1 <br />Page 67 of 133 <br />