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WHEREAS, this Board held a public hearing with respect to the Bonds on February 19, <br />1996 and approved in principle the project to be financed with the Bonds; <br /> <br /> NOW, THEREFORE, the Board of Commissioners of Cabarrus County meeting in <br />regular session at Concord, North Carolina, on June 11, 1996, do the following: <br /> <br /> BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF CABARRUS <br />COUNTY: <br /> <br /> The issuance of the Authority's Tax-Exempt Adjustable Mode Industrial Development <br />Revenue Bonds (S&D Coffee, Inc. Projec0 Series 1996 in the principal amount of up to <br />$6,700,000 is hereby approved for purposes of Section 159C-4 of the Act. <br /> <br /> Commissioner moved the passage of the foregoing resolution and <br />Commissioner seconded the motion, and the resolution was passed by the <br />following vote: <br /> Yeas: <br /> Nays: <br /> Not Voting: <br /> <br /> <br />