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c. <br />THE INDEPENDENT TRIUNE <br />November 4, 2009 <br />NOVICE Of PUBLIC HLrARING <br />NOTICE IS HEREBY GIVEN that the Board of <br />County Comf(nnlssloners (the Board") of the <br />County of Cabarrus, North Cnrollna (the "Coun- <br />ty'), will conduct a publlc hearing on Novem• <br />bar 18, 2009 concerning the execution end do• <br />livery of one o more Installment finencinp con• <br />tracts with a t~lyd party (the "Contracts") to fb <br />nonce all or a portion of the costs of (p ecqulr• <br />Ing real property, (Ip constructing and equl <br />penovatinpv repalbrllrig, rahabliltatlnpptlnl d~equlp~ <br />piny exlstfnp public school tacllitles and (Iv) <br />various reel end personal pro arty Improve• <br />manta relnted to the foregoing rcollecllvely tho <br />Projects"), <br />Tho plan of flnancin0 for the Protects Involvos <br />lho entry by the County Into the oniracls vAth <br />a third party who will provide the County vAth <br />up to 52,105,434.99 pursuant to the terms o(the <br />Contracts, which amount will be applied to pro• <br />vide Ilnancing for the projects. The county's <br />obligations to such third party supplylnp fl• <br />nancing are authorized byy North Carolina Gen- <br />eral Statutes Soctlon 160A•20 and will be se• <br />cured by a Ilon upon or security Interest In all <br />or some portion of the Projects and In all or <br />soma portion of the real property on whleh the <br />Projects will be located. <br />The obligations of the County under the Con- <br />Iracts will not be dexmod to be a pledge of the <br />faith and credit of the County within the moan- <br />ing of any canstltutlonal debt IlmRatlon and the <br />Contracts will not directly or Indirectly or con• - <br />tingently obligate the County to make any pay <br />rnents beyond those aDProprlaled In the sole <br />discretion of the County for any fiscal year In <br />which the Contracts era In effect. Ngo doflclen- ' <br />County Ineeny action for breach of IhetCOne <br />tracts and the taxing ppower of the County Is <br />not and may not be pledgeA directly or Indi- <br />rectly or contingentiy to secure nny moneys <br />due under lha Contracts. <br />PLEASE TAKE NOTICE THAT THE BOARD WILL <br />HOLD A PUBLIC HEARING CONCERNING THE <br />PLAN OF FINANCING AT 6:30 P.M. ON MONDAY, <br />NOVEMBER 16, 2009, IN THE COMMISSIONERS' <br />MEETING ROOM IN THE CABARRUS COUNTY <br />GOVERNMENTAL CENTER CONCORD, NORTH <br />CAROLINA AT WHICH A~7Y PERSON MAY BE <br />HEARD CO~JCERNINO THE PLAN OF FINANCING. <br />ANY PERSON WISHING TO COMMENT IN WRIT• <br />ING ON THE PLAN OF FINANCING MAY DO 50 <br />BY DELIVERING SUCH COMMENTS TO THE UN• <br />DERSIGNED AT 65 CHURCH STREET SE CON• <br />CORD, NORTH CAROLINA, 20025, WITHIN 5 <br />DAYS FROM THE DATE OF PUBLICATION OF <br />THIS NOTICE. <br />Pamela 5. Dubois <br />Finance plrector <br />PUBLISH: Nawmbsr,.21r09 <br />c <br />Attachment number 3 <br />G-5 Page 244 <br />