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<br />The Independent Tribune <br /> <br />May 31, 2006 <br /> <br />NOilCE OF <br />PUBLlCHEARINil. <br />NOTICE IS HEREBY GIVEN <br />that the Board of County _,Com~ <br />missi6ners (the 'Board1,Ofthe <br />c.unly 01 CabaiIus.' North <br />CaroIna (!he 'GoiInIy'J; will <br />.COOduct a. public hearing on <br />Juna 1 g, 2Q06 """mfng,!he <br />executioll aOO deliVery-of (i) <br />one _ or more short-term 1nstaI1. <br />menl finimcin.g conb'acl(s) with <br />one or more.lhird parties and <br />(i~ a Iong-lenn" inslaHment fi. <br />na.ncingoonlractwilh athirtl <br />party (collecl\Vofy,!he 'Co- <br />nlractsj.to_finance;a11 or a por- <br />lion of lhe coSts ofac.quiring <br />fasl._property, constructing, <br />renovalilg and equippilg law. <br />enforcement faCilities, various <br />real and pei'sonal property im- <br />provements'related.to the lore-- <br />going and a pOrtion ollhe "irh <br />teresl to;8CCrl,le.undei'._1he <br />Conlract$ duringllMr construc- <br />tion paiiod (colledive~'!he <br />'Proi<>ct'l. . <br /> <br />The ~ 01 fi1anOingfor !he <br />Projectinvol\les (I) the entry by <br />the CoUllty-inlo orte-Or:ilIOJe <br />short-term. installment- ftnanc- <br />log contract(s) with orie .or <br />more third parties who will pro- <br />-vide th$ CQunty with up to. <br />$25,OOO,QOO PulSU8nt to the <br />lelmS of- the short-lenn install- <br />,ment financing' :conlracl(s), <br />which ainounts.wiR bUlSed 10 <br />"""",,_li1aneirJgfor <br /> <br />:~~~= <br />Ii10nmg coIllraot 8I1d(l)!he <br /> <br />-~.)~s <br />=:~.~~ <br /> <br />contract with a1hird party who <br />will ,provide the County.i'wltti up <br />to $75,OOO,OOO-pursualll,to the <br />tennsof"Jh:!tlong-teminslall. <br />menflinanOng~.wIik:h <br />amount, Will be' appIledto pro- <br />vide Iong-tennfinancilglorlhEl <br />Proj.,t. . Jhe-c.u~. ~. <br />lions lo:.any"thlrd.~ $lWv- <br />ingshort.tennor~erin"ft- <br />rier<lngiue. ._ed'.by <br />North .Cdfo/iia: Genel'8l - smt~ <br />.utes _ 160A.20 and will <br />be seciJred by alien upon or <br />security interest in all or some <br />portion of the project and in <br />lhe real property orr Which the <br />Projecl'Nitlbelocated. <br /> <br />The, obligations 01 the' County <br />under. wlD'not be <br />. .,. ..~~:1_,,~!the <br /> <br />t!;.'~.. <br /> <br />"i'!"noIdireelly <br />> '. . or contingenlly ob- <br />I/il!llell,.r,ountyto''''''', any <br />palm"IS beyond !hOSe' ep. <br />proprialed in the sole discre' <br />lion of the CoUnly lor any fiscal <br />year in which,'the.:CornraelS <br />are in. effect NO deliciel)Cy <br />judgment may be- rendered <br />againsttheCountyin~.ac- <br />lion lor breach ollheCOnti'acts <br />andthe~.powi,roflhe <br />Coo~ is OQI and mey noI be <br />~di'ectIy:orir'ldirectlyor <br />~,Iosetureany <br />moneys. due under the Con- <br />tracts. <br /> <br /> <br />PLEASE TAKE NOTICE'THAT <br />THE SOARD WILL HOW A <br />PUSLIC HEARING CON. <br />CERNING THE PlAN OF A. <br />NANCING"AT"6:30 P.M ON <br />MONDAY. JUNE 19. 2006. IN <br />THE COMMISSIONERS' <br />MEE1)NG ROOM IN THE <br />CABARRUS ' COUNTY . GOV. <br />ERNMENTAL CENTER. CON. <br />CORD; NORTH CAROliNA, <br />AT WHICH' ANY,. PERSCN <br />MAY BE HEARD CONCERN. <br />ING THE PlAN OFANANC. <br />ING. ANY PERSCN WISH. <br />ING TO' cQl.!MeNT IN WRIn <br />ING ON TH~ PlAN OF FI' <br />NANCING IIA Y 00 SO BY <br />OEUVERING SUCH COM. <br />MENTS TO THE ,UNDER' <br />,SIGNED AT $5 CHURCh <br />STREET SE, CONCORO. <br />NORTH CAROLINA, 28026. <br />WITHIN 5 DAYS FROM' THE <br />DATE OF PUBLICATION OF <br />THIS NOTICE; <br />PomeIlS.1lLlooIo <br />-~ <br />PIlBUSH: May 3UQ06 <br /> <br />G-tf <br />