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AG 2009 05 18
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AG 2009 05 18
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2/5/2010 12:56:16 PM
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11/27/2017 11:25:26 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/5/2010
Board
Board of Commissioners
Meeting Type
Regular
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1 <br />Cabatrus County -Board of Commissioners <br />1 <br /> <br /> <br /> Need to find something <br /> quickly? Search our site <br />' index from AA=Z <br /> I,HIICi(I lllit`> <br /> 1~ Home <br /> I• About Cabarrus County <br /> D Government <br /> s board of <br /> Commissioners <br /> b Boards and <br />' Committees <br /> V Public <br /> Hearinos/Notices <br /> D Schedule <br /> i Agenda <br />' P Minutes <br /> I• Reports <br /> t Education Capital <br /> Planning and <br /> Finance <br />' 9 Blue Ribbon <br /> Committee <br /> f Strategic Planning <br />' I• Calendar <br />P Contact Us <br /> P County Manager <br /> Department Listing <br /> 4 FAQ <br /> r Education <br />' ? Employment <br /> h News <br /> h GIS <br /> t Business Resources <br /> > Public Safety <br /> 6 Tax, Property & Deeds <br /> t• Contact Us <br /> <br /> <br /> <br /> <br /> <br /> <br />Cab rrusCa nu y <br />the Ctrtttr al 14aerkae Ilolai s <br />~oRrr+ ca~o~°"ilHa <br />Board of Commissioners <br />Public Hearing <br />May 18, 2009 <br />6:30 PM <br />Cabarrus County Governmental Center <br />Commissioners' Meeting Room, 2nd Floor <br />65 Church Street SE <br />Concord, NC 28025 <br />Page 1 of 1 <br />NOTICE IS HEREBY GIVEN that the Boarrl of County Commissioners (the "Board") of the <br />County of Cabarrus, North Carolina (the "County"), will conduct a public hearing on Play 18, <br />2009 concerning the execution and delivery of (a) one or more short-term installment <br />financing contract(s) with one or more third parties and (b) one or more lonq-term <br />installment financing contract(s) with one or more third parties (collectively, the <br />"Contracts") to finance all m• a portion of the costs of (i) acquiring real property, (ii) <br />constructing and equipping new public school facilities, including but not limited to two new <br />elementary schools, a new middle school, an addition to an existing elementary school and <br />an addition to anri renovation of an existing high school, (iii) various real and personal <br />property improvements related to the foregoing anri (iv) a portion of the interesk to accrue <br />under the Contracts during the construction periods of the foregoing and thereafter through <br />and including January 1, 2012 (collectively the "Projects"). <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 $100,000,000 pursuant- to the terms of the short-terra installment <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 />(ii) the entry by the County into one or mm~e long-term installment financing contract(s) <br />with one or more third parties who will provide the County with up to $100,000,000 <br />pursuant to the terms of said one or more long-term installment financing contract(s), <br />which amounts vdill be applied to provide long-term financiny for the Projects. The County's <br />obligations to any third party supplying short-term or long-term financing are authorized by <br />North Carolina General Statutes Section iGOA-20 and will be secured by a lien upon m• <br />security interest in all or some portion of the Projects and in all or some portion of the real <br />property on which the Projects will be located. <br />The obligations of the County under Che Contracts will not be deemed Co be a pledge of the <br />faith and credit of the County vuithin the meaning of any constitutional debt limitation and <br />the Conh•acts will not directly or indirectly or contingently obligate the County to make any <br />payments beyond tlwse appropriated in the sole discretion of the County for any fiscal year <br />in which the Contracts are in effect. No deficiency judgment may be renderer) against the <br />County in any action for breach of the Contracts and the taxing power of the County is not <br />and may not be pledyed directly or indirectly or contingently to seuu-e any moneys clue <br />under the Contracts. <br /> PLEASE TAKE NOTICE 'fNAT •fWE BOARD WILL HOLD A PUBLIC BEARING CONCERNING THE <br />Governmental Center PLAN OF FINANCING AT G:30 P.l•1. ON P70NDAY, t4AY 18, 2009, IN THE COMMISSIONERS' <br />• <br /> MELTING ROOh1 IN TI1E CABARRUS COUNTY GOVERNMENTAL CENTER, CONCORD, NOR <br />fFi <br />PO Box 707 CAROLINA, AT WHIClI ANY PERSON P1AY BE FIEARD CONCERNING THE PLAN OF FINANCING. <br />Concord, NC 28020 ANY PERSON WI511ING TO COMMENT IN WRITING ON THE PLAN OF FINANCING fdAY DO SO <br />Email Us! BY DELIVEIlING SUCH COh1h1ENTS 'i0 Ttit: UNDERSIGNED AT 65 CHURCH STREET SE, <br /> CONCORD, NORTH CAROLINA, 28026, WITFIIN 5 DAYS FROPi'fHE DATE OF PUBLICATION OF <br /> ThiIS h10TICF?. <br />Pamela 5. Dubois, <br />Finance Dh-ector <br />Posted Play S, 2009 <br />Home i A-Z i Government ~ News ~ Employee Access i Privacy Notice i Contact Us <br />Attachment number 2 <br />Page 139 of 199 <br />http://w~•vw.cabarruscounty.us/Colnnlissioners/C~a>~usCowity-•t3oardofConunissionerstiua... 5/5/2009 <br />{ Illt{,',~fi'L~~r?Ii~IC ~(}Oil'11 r1 ,(} ----- --- -- - ----- -----__ ------ _ ------ - - -_---- ----- May 5, 2009 <br />
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