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AG 2001 01 22
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AG 2001 01 22
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Last modified
3/25/2002 4:50:10 PM
Creation date
11/27/2017 11:44:57 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/22/2001
Board
Board of Commissioners
Meeting Type
Regular
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authorized. Each of the Chairman of the Board of Commissioners or the County Manager is <br />hereby authorized to execute and deliver in the name and on behalf of the County the final <br />Official Statement in substantially such form, with such changes, insertions and omissions, <br />including but not limited to changes, insertions or ~nissions related to obtaining a policy of <br />municipal bond insurance with respect to the 2001 Certificates, as the person executing the final <br />Official Statement may approve, the execution and delivery thereof to constitute conclusive <br />evidence of such approval. <br /> <br /> Section 6. Each of the Chah-~-aan of the Board of Commissioners, the' County Manager <br />and the Director of Finance are authorized to approve all details of the financing of the 2001 <br />Project, including, without limitation, the amount advanced under the Contract and the aggregate <br />principal amount of the 2001 Certificates (which shall not exceed $40,000,000), the maturities, <br />the principal amounts and the interest amounts of the In.~tallment Payments and the 200! <br />Certificates, which interest amounts (calculated with respect to the 2001 Certificates) shall not <br />exceed 7.5% per annum on a true interest cost basis, the prepayment terms and prices (which <br />shall not exceed 103% of the principal amount being prep. aid) and the Underwriters' discount <br />(exclusive of any original issue discount) (which shall not exceed 2.0% of the principal amount <br />of the 2001 Certificates). Execution of the Contract by the Cha~an of the Board of <br />Commissioners or the County Manager shall conclusively evidence such approval of all such <br />details of said financing. <br /> <br /> Section 7. As required by Section 160A-20 of the North Carolina General Statutes, a <br />public hearing shall be held by the Board of Commissioners on February 2, 2001 a~ 7:00 p.m., or <br />as soon thereafter as practicable, in the Multipurpose Room in the Cabarms County <br />Governmental Center in Concord, North Carolina, concerning the execution of the Contract, the <br />Deed of Trust, the financing of the 2001 Project and any other transactions contemplated therein <br />and associated therewith. The Clerk to the Board of Commissioners is directed to cause a notice <br />of such public hearing, substantially.in the form attached hereto as Exhibit A, to be published <br /> <br /> <br />
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