Laserfiche WebLink
195 <br /> <br />and Crisco Road in Concord, Cabarrus County, North Carolina and 101 YMCA <br />Drive, Kannapolis, Cabarrus County, North Carolina and will be owned and <br />operated by the YMCA. <br /> <br /> It was stated that the Authority had adopted a resolution expressing <br />its intention to issue the Bonds. Copies of the resolution were then <br />submitted to the Board. <br /> <br /> The Clerk to the Board presented an affidavit of an officer of The <br />Independen~ Tribune, showing publication on or before September 3, 2001, <br />which is a date at least 14 days prior hereto, of notice of the public <br />hearing. It was directed that the affidavit of publication be attached to <br />this extract of minutes as Exhibit A. <br /> <br /> It was requested that the Clerk to the Board inquire to determine <br />whether there were any persons who wished to speak at the public hearing. <br />The names and addresses of the persons who were present and who offered <br />comments on the proposed issuance of the Bonds to finance the Project and a <br />stu~mary of their comments are listed on Exhibit <br /> <br /> After the Board had heard all persons who had requested to b~ heard, <br />Chairman Fennel moved that the public hearing be closed. The motion was <br />seconded by Commissioner Privette and was unanimously adopted. <br /> <br /> Commissioner Privette introduced the following resolution, a copy of <br />which had been distributed to each Commissioner and the title of which <br /> <br />appeared on the agenda: <br /> <br /> RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS <br /> COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL <br /> FINANCING AUTHORITY OF ITS $8,300,000 AGGREGATE <br /> <br /> OF PAYING FOR CERTAIN RECREATIONAL FACILITIES IN <br /> <br />BE IT RESOLVED by the Board as follows: <br /> <br /> Section I. Pursuant to and in satisfaction Of the requirements of <br />Section 159C-8(cl of the General Statutes of North Carolina, the Board hereby <br />approves the issuance by the Authority of its Tax-Exempt Adjustable Mode <br />Recreational Facilities Bonds in the aggregate principal amount of not to <br />exceed 88,300,000 for the purpose of financing the cost of (1) constructing, <br />equipping and furnishing a recreational facility located in Concord, North <br />Carolina, (2) renovating the YMCA's existing recreational facility located in <br />Rannapolis, North Carolina and (3} other improvements related to the tax- <br />exempt purpose of the YMCA. <br /> <br /> Section 2. This resolution shall take effect immediately upon its <br />passage. <br /> <br /> Commissioner Privette moved passage of the foregoing resolution. <br />Chairman Fennel seconded the motion, and the resolution was passed by the <br />following vote: <br /> <br />Ayes: Chairman Fennel, Vice Chairman Carruth and Commissioners Freeman, <br /> Privette and Suggs <br />Noes: None <br />Abstaining: None <br /> <br /> EXHIBIT A <br />(AFFIDAVIT OF PUBLICATION; PUBLICATION DATE - August 27, 2001) <br /> <br /> EXHIBIT B <br />Persons Speaking at the Public Hearing on September 17, 2001 <br /> <br />Dr. Frank Sellers, resident of 437 Briarwood Place, Concord, NC and part- <br />owner of the SportsCenter (a private athletic facility in Concord), <br />expressed concern about the County's donation of funds to help build a <br />new YMCA facility in Concord and the proposed issuance of tax-exempt <br />bonds for the project. Be also questioned the location of the new YMCA, <br />stating it is being built in an area of "high dollar" homes and in his <br />opinion would not serve the citizens, especially the underprivileged, of <br />this county very we~l. Finally, Dr. Sellers complained that ~t was not a <br /> <br /> <br />