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December 15, 2034 (Regular Meeting) Page 2230 The plan of refinancing for the one or more prior installment financing contracts and the Projects involves the entry by the County into the Contracts with one or more third parties who will provide the County with up to $211, 615, 000 pursuant to the terms of the Contracts, which amount will be applied to provide refinancing of the one or more prior installment financing contracts and the Projects. The County's obligations to such one or more third parties supplying financing are authorized by North Carolina General Statutes Section 160A -20 and will be secured by a lien upon or security interest in all or some portion of the Projects and /or in all or some portion of the real property on which the Projects are located. The obligations of the County under the Contracts will not be deemed to be a pledge of the faith and credit of the County within the meaning of any constitutional debt limitation and the Contracts will not directly or indirectly or contingently obligate the County to make any payments beyond those appropriated in the sole discretion of the County for any fiscal year in which the Contracts are in effect. No deficiency judgment may be rendered against the County in any action for breach of the Contracts and the taxing power of the County is not and may not be pledged directly or indirectly or contingently to secure any moneys due under the Contracts. PLEASE TAKE NOTICE THAT THE BOARD WILL HOLD A PUBLIC HEARING CONCERNING THE PLAN OF FINANCING AT 6:30 P.M., OR AS SOON THEREAFTER AS THE HEARING CAN BE HELD, ON TUESDAY, JANUARY 20, 2015, IN THE COMMISSIONERS' MEETING ROOM IN THE CABARRUS COUNTY GOVERNMENTAL CENTER, CONCORD, NORTH CAROLINA, AT WHICH ANY PERSON MAYBE HEARD CONCERNING THE PLAN OF REFINANCING. ANY PERSON WISHING TO COMMENT IN WRITING ON THE PLAN OF REFINANCING MAY DO SO BY DELIVERING SUCH COMMENTS TO THE UNDERSIGNED AT 65 CHURCH STREET SE, CONCORD, NORTH CAROLINA, 28026, WITHIN 5 DAYS FROM THE DATE OF PUBLICATION OF THIS NOTICE. (F -lx) Infrastructure and Asset Management - Request to Close a Portion of M--+-', n.-; ,tee Cabarrus County Schools has requested the Board of Commissioners and the Mount Pleasant Board of Commissioners communicate an intent to the N.C. Department of Transportation (NCDOT) to permanently close a portion of the public right -of -way for North Drive in Mt. Pleasant. The indication of intent is the first step in acting to close the right -ef -way. NCDOT will then consider the matter at one of their board meetings. If they recommend closure, the action will come back before both Boards of Commissioners for an official public hearing and resolution to act on the closure. A public meeting was held at the Cabarrus County Schools' offices on Tuesday, November 18, 2014 and all property owners who use North Drive for access were notified. That meeting was an opportunity for them to look at the plans for the construction of Mount Pleasant Middle School and to view the proposal for closing part of North Drive. UPON MOTION of Commissioner Shue, seconded by Commissioner Honeycutt and unanimously carried, the Board approved the resolution requesting consideration of the closure of a public road. Resolution No. 2014 -28 RESOLUTION REQUESTING CONSIDERATION FOR THE CLOSURE OF STATE ROAD 2481 (NORTH DRIVE), RUNNING THROUGH THE MT. PLEASANT MIDDLE SCHOOL CAMPUS WHEREAS, a portion of North Carolina State Road 2481 (North Drive) in Cabarrus County dissects the Mt. Pleasant Middle School property, being a paved road within the school property boundaries; and WHEREAS, General Statute 153A -241 requires that the Board of Commissioners adopt a resolution declaring its intent to close the public road or easement to start the process to consider that closure; and WHEREAS, the Cabarrus County Board of Commissioners is considering the request for closure and abandonment of State maintenance for this area at the request Cabarrus County Schools, as described on the attached Exhibit, but