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BE IT RESOLVED by the Board Of Commissioners for <br />the County of Cabarrus: <br /> <br /> Section 1. The proposed industrial and manufactur- <br />ing project consisting of the acquisition of real property at <br />the intersection of N.C. Highway 49 and Caldwell Road near <br />Harrisburg in Cabarrus County, the construction thereon of a <br />62,000-square-foot industrial building and the acquisition <br />and installation of equipment therein for the production of <br />plastic products, to be financed for Piedmont Plastics, Inc., <br />by industrial revenue bonds of The Cabarrus County Industrial <br />Facilities and Pollution Control Financing Authority not in <br />excess of $2,000,000 in aggregate principal amount is hereby <br />approved in principle. <br /> <br /> Section 2. The Clerk to the Board of Commissioners <br />for the County of Cabarrus, North Carolina, is directed to <br />file a certified copy of this resolution with the North <br />Carolina Department of Commerce. <br /> <br /> Section 3. This resolution shall take effect <br />immediately upon its passage. <br /> <br /> Commissioner moved passage of <br />the foregoing resolution entitled: "APPROVAL IN PRINCIPLE <br />FOR THE CONSTRUCTION OF AN INDUSTRIAL AND MANUFACTURING <br />PROJECT IN CABARRUS COUNTY, NORTH CAROLINA, TO BE FINANCED <br />FOR PIEDMONT PLASTICS, INC. BY INDUSTRIAL REVENUE BONDS OF <br />~HE CABARRUS COUNTY INDUSTRIAL FACILITIES AND POLLUTION <br /> <br /> -3- <br /> <br /> <br />