BC 2014 06 16 Regular Meeting - Laserfiche WebLink

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June 16, 2014 (Regular Meeting) Page 2080 any other available funds, to finance the acquisition, construction, installation and equipping of a new public elementary school to replace the existing Royal Oaks Elementary School, including acquisition of necessary land and rights -of -way. 2. The bonds shall be in an aggregate principal amount not to exceed $11,000,000. 3. The bonds shall be general obligations of Cabarrus County for the payment of principal of and interest on which its full faith and credit shall be irrevocably pledged and taxes will be levied in an amount sufficient to pay the principal of and interest on the bonds. 4. A sworn statement of debt shall be filed with the Clerk to the Board of Commissioners pursuant to N.C.G.S. § 159 -55 and be open to public inspection. 5. This bond order shall take effect when approved by the voters of Cabarrus County. Commissioner Oesterreich then moved that the foregoing bond order be "introduced," such motion was seconded by Commissioner Measmer, and a vote thereon was as follows: Ayes: Vice Chairman Burrage and Commissioners Measmer and Oesterreich Nays: Chairman Poole and Commissioner Morris Not Voting: [None.] read: The Chairman introduced the following resolution, and its title was Resolution No. 2014 -14 RESOLUTION CALLING FOR PUBLIC HEARING ON $11,000,000 GENERAL OBLIGATION SCHOOL BONDS; PROVIDING FOR NOTICE OF SUCH HEARING; AND PUBLICATION OF BOND ORDER AS INTRODUCED WHEREAS, there has been introduced by the Board of Commissioners of Cabarrus County (the "Board ") a bond order entitled "ORDER AUTHORIZING $11,000,000 OF GENERAL OBLIGATION SCHOOL BONDS "; and WHEREAS, N.C.G.S. §159 -54 provides there shall be a public hearing on the bond order and N.C.G.S. §159 -56 provides for publication of the bond order as introduced; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the County of Cabarrus, North Carolina: 1. A public hearing on the bond order shall be held at 6:30 p.m., (or as soon thereafter as the hearing can be held), in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in Concord, North Carolina on July 21, 2014. 2. The Clerk to the Board shall cause the bond order, with a statement appended in the form described by N.C.G.S. §159 -56, to be published once in The Independent Tribune not later than the sixth (6` day before July 21, 2014. 3. Either of the County Manager or the Finance Officer is hereby designated to file the sworn statement of debt and the statement of estimated interest with respect to the school bonds, each being required by N.C.G.S. §159 -55. 4. This resolution shall take effect immediately. Commissioner Oesterreich moved the passage of the foregoing resolution and Commissioner Measmer seconded the motion, and the resolution was passed by the following vote: Ayes: Chairman Poole; Vice Chairman Burrage and Commissioners Measmer, Morris and Oesterreich Nays: [None.]