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<br />Cabarrus County Board Resolution <br />Resolution Approving the E'inancing by Odell Volunteer Fi-•e & Rescue, Incorporated <br />of up to $2,000,000 for the Fire Station Project <br />WHEREAS; <br />Odell Volunteer File & Rescue, Incorporated has determined to finance an amount of up to $2,000,000 <br />for the sire Station. The United States Internal Revenue Code requires that for such financing to be <br />carried out on atax-exempt basis, this Board must first approve the financing. The VFD ]tas held a <br />public hearing on the fuiancing after published notice, as required by the Code. The VFD has reported the <br />proceedings of the hearing to tlus Board. <br />BE YT THEREFORE RESOLVED by the Board of Commissioners of Cabarrus County, North <br />Carolina, as follorr~s: <br />1. The County approves the VFD's entering into the fuiancing, as required under the Code for the <br />financing to be carried out on atax-exempt basis. The VFD's conduct of the required public hearing is <br />approved. <br /> <br />I hereby certify that the foregoing resolution ryas duly adopted at a meeting of the Cabat7•us County Board <br />of Conunissioners duly called and held on , 2009, and that a quorum was <br />present and acting tluougltout such meeting. Such resolution remains in fiilI effect as of today. <br />Dated this day of .2009. <br />SEAL <br />Clerk, Board of Conunissioners <br />Cabarrus County, North Carolina <br />i] <br />LI <br />Attachment number 1 <br />F-2 <br />