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the General Statutes of North Carolina (the "Act"), to issue r~ven~e bonds for the purpose,~amona others, Of paying ail or any'part' of"th~-cost'of a~y 'i~dustr~al Or pollution control ~project for~ihdustry; to acquire, construc -' ahy~such b~b~ct.'~.~ ~"~_,~ ~ t, improve and ' security documents and. other-con~:~ute=f%nancing agreements, or convenient in t e ~.:-x _=~ anu instruments necess~ h ~= u~ SUCh powers; and ry '3'>'] WHER~AS':the~ut'hority h~s determined' to issue its revenue bohds-to pay all. 0r a portion of the COsts of the i'acquisition~ 6~n~uotion and inskalla~ion of an indusffr~al fa~lity located .at"~00 We~t:F~ankltn St'r~fi, in the Town Of Mt.'-~i~asant, in · CaBar~'Co~nty'.fo~[the..manUfa~ure '0~ 'a~n pr°ducts,"(the "Pro~ect,% .~ ~ · .y . s and related the~interest'oh sai~ b6~j~ .~u ~e operated Dy Kindley Yafhs, InC. ;. ~ ~u~ uo ~e.exempt from.federa1 in~me ' taxation by.virtue of the provisions of Section 103 of the Internal Revenue Code Of 1986, as amended Or any successor the~ef0r; a"d WHEREAS, the Authority intends to fi - · approval Of'the Pr04~Ct Wit~ ~ ~ - le ~n application for Commerce (the "Department,,)? ~=r~%°~h~h~c~P~ment of WHEREAS,the Department has, b re u application for a~nro%a~ ^~ - - . Y_ g la, ion, provided that- until the gOvernin~ ~ ~ ~-P -3 w~ll De offlclall re ' is made has, by reo~'~:~- ~- . nty ~rom which the annroved e~- :5_ ~u~un a~Eer.naving held aDU ' ...... x~ue oI revenue bonds and ....... 5 ~llc ~ea{lng, =~m~uYuu in principle the proposed project and a certified copy of such resolution has been :provided to the Department; and publi~.H.~nE~.~e..B~ord of. County Commissioners, pursuant .. x~ 91yen, nas held a ub ' .- - PrOPQsed revenue bond iss-~ ..... '' p !lc hearing on the u~ unu ~ro]ect and has considered the comments of persons who requested to be heard; and WHEREAS;the' Board 6f County Commissioners desires to approve the issuance of revenue bonds and approve the Project in principle;-NOW, THEREFORE, 'BE-IT RESOLoED by the Board of County Commissioners of the County of Cabarrus as follows: (1) The issuance of revenue bonds by the Authority in an aggregate principal amount of up to $3,500,000 to finance the ~roject is here~y approved. (2) The Project is hereby approved in principle'. (3) The Clerk'Of the Board of Commissioners is hereby authorized and directed {o provide a certified copy of this resolution to ~he Department.