AG 1996 02 19 - Laserfiche WebLink

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NOTICE OF PUBLIC HEARING AND INTENTION TO SUBMIT TO THE DEPARTMENT OF COMMERCE AN~APPLICATION FOR APPROVAL OF AN INDUSTRIAL PROJECT The Cabarrus County Industrial Facilities and Pollution Control Financing Authority (the "Authority") has determined to issue its revenue bonds in the principal amount of not more than $9,000,000 for the financing of all or a portion of the cost of an industrial project on behalf of S&D Coffee, Inc., a North Carolina corporation (the "Company"), and intends to submit to the Secretary of the Department of Commerce an application for approval of the project if the issuance of the revenue bonds and the nature and location of the project are approved by the Board of Commissioners of the County of Cabarrus, North Carolina. The project consists of the expansion of the Company's existing beverage manufacturing facility through the construction of an approximately 103,000 square foot addition to the Company's existing facility, including the acquisition and installation therein of machinery and equipment for the manufacture of beverages (the "Project"). The Project will be located at 300 U.S. Highway 29 South, Concord, Cabarrus County, North Carolina. The approximate cost of the Project is $9,000,000 and the maximum aggregate principal amount of bonds proposed to be issued by the Authority is $9,000,000. The Project will be owned and operated by the Company and will create approximately forty-five (45) jobs. The Authority entered into a Memorandum of Agreement with the Company dated October 2, 1995, committing the Authority, upon the satisfaction of the terms contained in such agreement, to issue its revenue bonds on behalf of the Project. Please take note that the Board of Commissioners of the County of Cabarrus will hold a public hearing at the Cabarrus County Governmental Center in Concord, North Carolina on February 19 , 1996, at 6:30 P.M., at which time any person may be heard regarding the proposed issuance of such revenue bonds and the nature and location of the Project. Following the hearing the Board of Commissioners intends to consider and take action on proposals to approve the issuance of such revenue bonds and to approve the Project in principle. Any person wishing to comment in writing on the proposed revenue bonds, the Project and the submission of the application in connection therewith should do so, within fourteen (14) days after the date of publication of this notice, to the Authority and to the County Commissioners, c/o Clerk of County Board of