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North Carolina <br />Cabarrus County <br /> <br />Resolution Allowing Piedmont Area Mental Health Authority to Build an Area Administration <br />Building and to Utilize the Installment Contract Method Under G.S. 160A-20 to Finance Said <br />Building. <br /> <br />WHEREAS, Piedmont Area MH/MR/SA Authority, dba Piedmont Behavioral Healthcare wishes <br />to consolidate three rented office sites costing $170,766 a year into one administrative office site; <br /> <br /> and <br /> <br />WHEREAS, the cost to construct this administrative office is projected to be $1,344,000.00; <br /> <br /> and <br /> <br />WHEREAS, Piedmont wishes to utilize an installment contract under G.S. 160A-20 to finance the <br />construction of the administrative office utilizing the current rental payments to retire the debt; <br /> <br /> and <br /> <br />WHEREAS, the Stanly, Union and Cabarrus County Commissioners have previously approved a <br />resolution allowing Piedmont to purchase the land for this project. <br /> <br />NOW, BE IT RESOLVED by the undersigned County Commissions of Cabarrus County, North <br />Carolina, pursuant to North Carolina General Statute 122c-142, that Piedmont Area MH/MR/SA <br />Authority, dba Piedmont Behavioral Healthcare, is today authorized to proceed with construction of <br />an Area Administrative office to be financed by an installment contract under G.S. 160A-20, and that <br />title be held in the name of Piedmont Area MH/M1USA Authority. ~ <br /> <br />This resolution shall become effective and binding, if, and only if, the Local Government Commission <br />approves the project and the consent of each and every Board of County Commissioners in the <br />service catchment area of Piedmont likewise approves an identical Resolution to this, said counties <br />being Cabarrus, Stanly, Union and Rowan. <br /> <br />This the ~ day of ,1997. <br /> Cabarrus County <br /> <br /> By: <br /> Chairperson of the Cabarrus County Commissioners <br /> <br /> <br />