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Cabarrus County -Board of Commissioners <br />Page 1 of 1 <br /> <br />Search Monday, November 16, 2009 <br />6:30 PM <br /> Commissioners' Chambers, 2nd Floor <br /> 65 Church Street SE, Concord, NC 26025 <br /> <br />' NOTICE IS HEREBY GIVEN that the Board of County Commissioners (the "Board") of the <br /> <br />Y County of Cabarrus, North Carolina (the "County"), will conduct a public hearing on <br />November 16, 2008 concerning the execution and delivery of one or more installment <br />...... financing contracts with a third party (the "Contracts") to finance all or a portion of the <br />--~--- ~~- costs of (i) acquiring real property, (ii) constructing and equipping new public school <br />O SHRRE rr ~ ©._! facilities, (iii) renovating, repairing, rehabilitating and equipping existing public school <br /> facilities and (iv) various real and personal property improvements related to the foregoing <br />~~~i~~ i (collectively the "Projects"). <br /> The plan of financing for the Projects Involves the entry by the County into the Contracts <br />- Home with a third party who will provide the County with up to $2,705,434.99 pursuant to the <br />- About Cabarrus County terms of the Contracts, which amount will be applied to provide financing for the Projects. <br />- Government The County's obligations to such third party supplying financing are authorized by North <br />- Board of Carolina General Statutes Section 160A-20 and will be secured by a lien upon or security <br />Commissioners interest in all or some portion of the Projects and in all or some portion of the real property <br />- Boards and on which the Projects will be located. <br />Committees <br />- Public The obligations of the County under the Contracts will not be deemed to be a pledge of the <br />Hearings/Notices faith and credit of the County within the meaning of any constitutional debt limitation and <br />- Schedule the Contracts will not directly or indirectly or contingently obligate the County to make any <br />- Agenda payments beyond those appropriated in the sole discretion of the County for any fiscal year <br />- Minutes in which the Contracts are in effect. No deficiency judgment may be rendered against the <br />- Reports County in any action for breach of the Contracts and the taxing power of the County is not <br /> and may not be pledged directly or Indirectly or contingently to secure any moneys due <br />- Education Capital under the Contracts. <br />Planning and <br />Finance <br />- Blue Ribbon PLEASE TAKE NOTICE THAT THE BOARD WILL HOLD A PUBLIC HEARING CONCERNING THE <br />Committee PLAN OF FINANCING AT 6:30 PM ON MONDAY, NOVEMBER 16, 2009, IN THE <br />- Economic COMMISSIONERS' MEETING ROOM IN THE CABARRUS COUNTY GOVERNMENTAL CENTER, <br />Development CONCORD, NORTH CAROLINA, AT WHICH ANY PERSON MAY BE HEARD CONCERNING THE <br />Grant Program PLAN OF FINANCING. ANY PERSON WISHING TO COMMENT IN WRITING ON THE PLAN OF <br />- Strategic Planning FINANCING MAY DO SO BY DELIVERING SUCH COMMENTS TO THE UNDERSIGNED AT 65 <br />CHURCH STREET SE, CONCORD, NORTH CAROLINA, 28025, WITHIN 5 DAYS FROM THE DATE <br />- Calendar OF PUBLICATION OF THI S NOTI CE. <br />M Conta Ct US <br />/ County Manager <br />Pamela S. Dubois <br />/ Department Listing Finance D(rectar <br />- FAO <br />- Policies <br /> Posted November 4, 2009. <br />- Forms <br />- Education <br />- Employment <br />- News <br />- GI S <br />- Business Resources <br />- Public Safety <br />- Tax, Property & Deeds <br />- Contaet Us <br />.~ t . ,.. ....,~. <br />`~ i~ <br />'~_~j~~ <br />i <br />~ <br />-MOBTti <br />Governmental Center <br />PO Box 707 <br />Concord, NC 26026 <br />Email Us! <br /> Home ~ A•Z ~ Government ~ News ~ Employee Access ~ Privacy ~ Accessibility ~ Contact <br />Attachment number 4 <br />G-5 Page 245 <br />http://www.cabarruscounty.us/Commissioners/publicnoticeshearings/2009/November/Nov... 11 /5/2009 <br />Need to find something <br />qulckly9Search our site Cabarrus County Board of Commissioners <br />Index from 9.L <br />Public Hearing <br />