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464 <br /> <br /> WHEREAS, the Board of County Commissioners has created a political <br />subdivision and body corporate and politic of the State of North <br />Carolina known as "The Cabarrus County Industrial Facilities and Pollution <br />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 General <br />Statutes of North Carolina (the "Act"), to issue revenue bonds for the <br />purpose, among others, of paying all or any part of the cost of any <br />industrial or Pollution control project for industry; to acquire, <br />construct, improve and equip any such project; and to make and execute <br />financing agreements, security documents and other contracts and <br />instruments necessary or convenient in the exercise of such powers; and <br /> <br /> WHEREAS, the Authority has determined to issue its revenue bonds <br />to pay all or a portion of the costs of the acquisition, construction <br />and installation of an industrial project in Cabarrus County for the <br />manufacture of doors, windows and related products (the "Project"), <br />to be operated by Morrison Millwork, Inc. and <br /> <br /> WHEREAS, the Authority intends to file an application for approval <br />of the Project with the Secretary of the Department of Commerce (the <br />"Department"), as required by the Act; and <br /> <br /> WHEREAS, the Department has, by regulation, provided that no application <br />for approval of a project will be officially received until the governing <br />body of the County from which the application is made has, by resolution <br />after having held a public hearing, approved the issue of revenue bonds <br />and approved in principle the proposed project and a certified copy of <br />such resolution has been provided to the Department; and <br /> <br /> WHEREAS, the Board of County Commissioners, pursuant to public <br />notice duly given, has held a public hearing on the proposed revenue <br />bond issue and Project and has considered the comments of persons who <br />requested to be heard; and <br /> <br /> WHEREAS, the Board of County Commissioners desires to approve the <br />issuance of revenue bonds and approve the Project in principle; NOW, <br />THEREFORE, BE IT RESOLVED by the Board of County Commissioners of the <br />County of Cabarrus as follows: <br /> <br />(1) The issuance of revenue bonds by the Authority to finance the <br />Project is hereby approved. <br /> <br />(2) The Project is hereby approved in principle. <br /> <br />(3) The Clerk of the Board of Commissioners is hereby authorized <br />and directed to provide a certified copy of this resolution to the <br />Department. <br /> <br />(4) This resolution shall take effect immediately upon its passage. <br /> <br /> Commissioner Payne moved the passage of the foregoing resolution <br />and Commissioner Barnhardt seconded the motion, and the resolution was <br />passed by the following vote: <br /> <br />AYES: James W. Lentz, Archie Y. Barnhardt, J. Harold Nash, Marcelle <br /> Milloway, and Kenneth F. Payne <br /> <br />NAYS: None <br /> <br /> Mr. Jim Blair presented a proposed ordinance to regulate transient <br />dealers within the boundaries of Cabarrus County. Citing recent incidents <br />involving transient furniture dealers, Mr. Blair complained of false <br />advertising and the sale of inferior merchandise by these salesmen. He <br />stated that the proposed ordinance would provide a means to regulate the <br />type of merchandise being sold and to take care of complaints if the <br />purchaser is dissatisfied with the merchandise. According to Mr. Blair, <br />the proposed ordinance had received the endorsement of both the Concord/ <br />Cabarrus County Chamber of Commerce and the Kannapolis Chamber of Commerce. <br /> <br /> <br />