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Commissioner moved that the Board ratify the <br />publication of the Notice and designate this meeting as a public <br />hearing on the revenue bond issue and the Project. The motion was <br />seconded by Commissioner and was unanimously <br />adopted. <br /> <br /> At o'clock, .M., the Chairman announced that the Board <br />would he~r anyone who w~shed to be heard on the advisability of <br />issuing the revenue bonds and the Project. <br /> <br /> The names and addresses of the persons who were present and <br />summaries of their comments are as follows: <br /> <br /> After the Board had heard all persons who requested to be <br />heard, Commissioner moved that the public hearing be <br />closed. The motion was seconded by Commissioner and was <br />unanimous%y adopted. <br /> <br /> Commissioner introduced the following resdlution <br />which was read at length: <br /> <br /> Resolution No. <br /> <br /> RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS COUNTY <br /> INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING <br /> AUTHORITY OF ITS $4,000,000 INDUSTRIAL REVENUE BOND (SFE <br /> TECHNOLOGIES AND ORCHARD ELECTRONICS, INC. PROJECT) TO <br /> FINANCE AN INDUSTRIAL AND MANUFACTURING PROJECT IN CABARRUS <br /> COUNTY, NORTH CAROLINA FOR SFE TECHNOLOGIES AND ORCHARD <br /> ELECTRONICS, INC. AND APPROVING SUCH PROJECT IN PRINCIPLE. <br /> <br /> WHEREAS, the Board of County Commissioners has created a <br />political subdivision and body corporate and politic of the State <br />of North Carolina known as "The Cabarrus County Industrial Facilities <br />and Pollution Control Financing Authority" (the "Authority"); and <br /> <br /> WHEREAS, the Authority is authorized under the Industrial and <br />Pollution Control Facilities Financing Act, Chapter 159C of the <br />General Statutes of North Carolina (the "Act"), to issue revenue <br />bonds for the purpose, among others, of paying all or any part of <br />the cost of any industrial or pollution control project for <br />industry; to acquire, construct, improve and equip any such <br />project; and to make and execute financing agreements, security <br /> <br /> 2 <br /> <br /> <br />