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THE INDEPENDENT TRIBUNE
<br /> May 8, 2003
<br />
<br /> NOTICE OF PUBLIC. -
<br /> HEARING '
<br /> NOTICE OF HEREBY GIVEN'
<br /> that the Board cf County Com.
<br /> missioners (the 'Board') of the
<br /> County cf Cabarrus, North Car-
<br /> ohna (the "count), wdl con-,
<br /> duct a public healing on May
<br /> 19, 2003. concerning the exe-
<br /> cubon and delivery of an in-
<br /> stallmanl financing contract
<br /> (the 'Contract") ~o finance all~
<br /> or e port~n of the costs of ac-
<br /> qulrmg real prope~, con.
<br /> slmcting and eqmppmg 'new',
<br /> public schonl facd~fies, indud-
<br />, lng two new elementary
<br /> schonls ~ one new middle
<br /> school, expenston of two exist-
<br /> mg elemanta~/' schonl facdi-
<br /> ties, various mai and personal
<br /> property ~mprovemants related
<br /> to the foregoing and a portmn
<br /> ol th& Interest to accrue under
<br /> the installment financing con-
<br /> tract dunng the construct{on
<br />-pan'ed (. co(lecfivety the '2003
<br /> Project'),
<br /> Th~ plan of financing fol; the
<br />.2003' Prolect revolves the
<br />..~enW~by the County Into the~
<br /> Contm(~-t .w~th a third party
<br />'-~?witi' p~'rdg'~e county
<br />~to:~5;0oo,oo0: pursuant ,
<br />?lhe%,terms ~-bt. the Contm~
<br />~r~"~hlch~'~u'~t will be, applled~',
<br />'J~.;fln~lce 'costs of t~e 2003
<br />
<br /> Slalues Seetlon 160 A -20 and
<br /> ,will be secured by a lien' upon
<br /> or secu~rity interest m air or'.-
<br /> some po~on of the 2003 Pn~.-~
<br /> ,act end ~n ,all or so~. e~
<br />f~,the real.' property' on.:~ich
<br />
<br /> ll~e',~obilgation of the;
<br /> ,u~er~,lth. e,con~ct wilt ~ot*' bey;
<br /> deen~e~t,;t~ be a pledge~bf,thg?
<br /> ::fait~.~n~,kcredit of the':C(xJnty
<br /> ~withi~:._lhe meaning o! any ca>,
<br /> ~tiM~n'a[:~debt" I[~i~atro~ and;,
<br /> ,'lh&.,~ontr~ct wllr. not
<br /> m~dl~; or
<br /> ,gate: [hii~county to make 'any
<br /> payments, beyond thee appro-,
<br /> ~p~ted,",lrl the
<br /> ,d' the~,coonty for ~.~any.~ llscaL
<br /> ,year ~ih,~ Whmh such, Coh~ct
<br /> Jn'."elfe~-t. No deficiency
<br /> judgn~ent,; may b%!.,r[~eder~
<br /> ,against~.lhe County
<br /> tion,~, breach, of,
<br /> ~tL~ mer'~ po~,'er
<br /> I~e~C~,~,~t~ is.n-et,and ~ 'her
<br /> ~nl~.~' ~' or' Indlr'ect'-
<br /> qy'~contingonUy-~ td.-s~re~
<br /> lan~?'~on~eys due ,~ndm:,~.s~h
<br /> I C,~tract.~ ,~ '-
<br />
<br /> PLEASE- TAKE NO~ICE"
<br /> l'HA1;,~' THE BOARD ,WILl'.,
<br /> HOLD '-'A"~ PUSUC HEARING,--
<br /> CONCERNING , THE-- !PLAN~,
<br /> OF ' FINANCING AT'
<br />~'ON'~ MONDAY, MAY
<br />IN~ ;~TI:IE~,~ COM MISSION ERS!
<br />~;MEET, ING' ROOM_ IN~'I;HE
<br />~_CAB-ARRU$,: ~;OUNI'Y~'~)30V·
<br />'!Ei~NaE~TA-C CENTEF~,~CON~
<br />~CO~B;-"~NORTH 'CAROl:INA
<br />~A'F4WHIC~ t ANY.'. PERSOr~
<br />~'MA~? BE,:HEARD' ~CON(~ERN.
<br />-,dNGL~'(HE,~$'I.~ - OF' FINANC:
<br /> TO .~COMMENT I1~ ,W_RI'D~N~.,
<br /> ~N~'~,OO SO
<br />ERING~f{ SUCH- ~ COMMENT _SL~
<br />5TO;;._THE~-UNOERStGNED:~AT,{I
<br />'~S :~HURC~ STR .~.~,~-S~q
<br />.;CONCORD,:,~_NORTH ' CARC~,[~i
<br />NA~'~28026~:' WITHIN' 5[? DAY~
<br />ERC~M ~T'HE, DATE
<br /> CA.llQN OF;THIS NOT1G~.~'J:~,
<br />
<br /> Finance Director ~'~,~, _
<br />
<br />
<br />
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