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Resolution # 2000-17 <br /> <br />EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF <br />THE COUNTY OF CABARRUS, NORTH CAROLINA <br /> <br /> The Board of Commissioners for the County of Cabarms, North Carolina, met in regular <br />session in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in <br />Concord, North Carolina, the regular place of meeting, at 6:30 p.m., on May 15, 2000, with <br /> <br /> ., Chairman, presiding. The following Commissioners were: <br /> <br />PRESENT: <br /> <br />ABSENT: <br /> <br />ALSO PRESENT: <br /> <br />RESOLUTION RELATING TO INSTALLMENT CONTRACT FINANCING <br />FOR SCHOOL PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP <br />TO $40,000,000 AND THE ISSUANCE BY THE CABARRUS COUNTY <br /> <br />DEVELOPMENT CORPORATION OF INSTALLMENT PAYMENT <br />REVENUE BONDS RELATED THERETO <br /> <br /> WHEREAS, the Board of Commissioners desires to undertake a proposed plan of <br />financing in an aggregate principal mount of up to $40,000,000, which plan would involve the <br />entry by the County into an installment financing contract with the Cabarrus County <br />Development Corporation (the "Corporation") pursuant to North Carolina General Statutes <br />160A-20, as amended, the proceeds of which would be used to pay all or a portion of the costs of <br /> <br /> <br />