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November 21, 2005 (Regular Meeting) Page 407 2005 stating that the Midland Volunteer Fire Department would hold a public hearing on behalf of Cabarrus County, North Carolina on September 22, 2005 on the proposed Loan and the Project (the "Notice"). The Midland Volunteer Fire Department held a public hearing during which anyone who wished to be heard on the advisability of the Loan and the Project could speak and there were no written comments about the proposed Project or the Loan received prior to the public haring held by the Midland Volunteer Fire Department. After the Midland Volunteer Fire Department heard from all persons who requested to be heard, the Board of Directors for the Midland Volunteer Fire Department passed the resolution approving the incurrence by the Midland Volunteer Fire Department of up to $328,358.00 in indebtedness from First Charter Bank to finance the acquisition of the project. The Chairman introduced the following resolution which was read at length: Resolution No. 2005-29 RESOLUTION APPROVING THE INCURRENCE BY THE MIDLAND VOLUNTEER FIRE DEPARTMENT OF UP TO $328,358.00 IN INDEBTEDNESS FROM FIRST CHARTER BANK TO FINANCE THE ACQUISITION OF A FIRE TRUCK. WHEREAS, the Board of Directors of the Midland Volunteer Department on behalf of the Board, pursuant to public notice duly given \\Notice") I held a public hearing on the proposed Loan and proj ect considered the comments of persons who requested to be heard; and Fire (the and WHEREAS, neither the County nor any agency thereof shall be liable in any event for the repayment of the Loan, the Loan does not constitute an indebtedness of the County or any agency thereof and does not constitute or create in any manner a debt or liability of the County or any agency thereof; and WHEREAS, the Board desires to approve the Loan and approve the Project; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of Cabarrus County, North Carolina as follows: (1) The publication of the Notice and the designation of the meeting held by the Midland Volunteer Fire Department Board of Directors on September 22, 2005 as a public hearing on the Loan and the Project is hereby ratified and approved. (2) The incurrence by Midland Volunteer indebtedness of up to $328,358.00 to First Charter Project is hereby approved. Fire Bank Department to finance of the (3) The Project is hereby approved. (4) All actions heretofore taken and taken in the future by the officers or other representatives of the Midland Volunteer Fire Department or the County of Cabarrus, North Carolina on behalf of Midland Volunteer Fire Department in connection with the Project, including the execution of a Loan and Security Agreement, a Promissory Note and an MVR-G, be, and hereby are, ratified, approved and confirmed in all respects (5) This resolution shall take effect immediately upon its passage. Commissioner Privette moved the passage of the foregoing resolution and the resolution passed by the following vote: AYES: Chairman Carpenter, Vice Chairman Carruth, and Commissioners Freeman, Juba and Privette. NAYS: None. (G) NEW BUSINESS (G-l) Voluntary Agricultural District Ordinance - Public Hearing Debbie Bost, County Extension Director, reviewed the Voluntary and Enhanced Voluntary Agricultural District Ordinance along with the differences in a voluntary and an enhanced voluntary district. She reviewed the location of the Northwest, Eastern Cabarrus and Midland areas in which agricultural districts may be designated. Also, she explained the protections that the