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AG 2007 12 17
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AG 2007 12 17
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Last modified
2/1/2009 12:18:45 PM
Creation date
11/27/2017 11:32:15 AM
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Template:
Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
12/17/2007
Board
Board of Commissioners
Meeting Type
Regular
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EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF <br />THE COUNTY OF CABARRUS, NORTH CAROLINA <br />The Board of Commissioners for the County of Cabarrus, North Carolina, met in regular session <br />in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in Concord, North <br />Carolina, the regular place of meeting, at 6:30 p.m., on December 17, 2007, with <br />Chairman, presiding. The following Commissioners were: <br />PRESENT: <br />ABSENT: <br />ALSO PRESENT: <br /> <br />The Chairman announced that this was the date, place and hour fined by the Board of <br />Commissioners for a public heazing concerning a proposed plan of refinancing in an aggregate principal <br />amount of up to $82,500,000, which plan would involve the entry by the County into one or more <br />installment financing contracts with the Cabarrus County Development Corporation (the "Corporation") <br />pursuant to North Carolina General Statutes 160A-20, as amended, the proceeds of which would be used <br />to refinance all or a portion of one or more installment financing contracts previously executed and <br />delivered by the County, which prior installment financing contracts paid all or a portion of the costs of <br />acquiring, constructing and equipping various public facilities and related improvements and costs <br />(collectively the "Projects"), and under said one or more installment financing contracts the County <br />would secure the repayment by the County of the moneys advanced pursuant to such one or more <br />installment financing contracts by granting a security interest in and lien on all or some portion of the <br />Projects and in all or some portion of the real property on which the Projects are located, which plan of <br />refinancing was described in the notice of public hearing published in The Independent Tribune on <br />November 21, 2007 (the "Notice"). <br />The Board of Commissioners first ratified and approved the designation of the meeting as a <br />public hearing on the proposed plan of financing, the call of the public hearing and publication of the <br />Notice. <br />~~~ <br />
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