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June 16, 2003 Page 170
<br />
<br /> Thereupon the Finance officer filed with the Clerk to the Board of
<br />Commissioners, in the presence of the Board, the sworn statement of debt as
<br />so required.
<br />
<br /> Thereupon the order entitled: "ORDER AUTHORIZING $69,610,000 REFUNDING
<br />BONDS" was passed on first reading.
<br />
<br /> On motion duly made, seconde~ and unanimously carried, the Board of
<br />Commissioners ratified and approved the filing of an application on behalf of
<br />the County for approval by the Local Government Commission of the issuance of
<br />said Refunding Bonds and approved the appointment of UBS Paine Webber Inc.,
<br />Charlotte, North Carolina, to serve as financial advisor for the County with
<br />respect to said Refunding Bonds.
<br />
<br /> On motion duly made, seconded and unanimously carried, the Board fixed
<br />6:30 P.M., July 21, 2003, in the Commissioners' Meeting Room in the Cabarrus
<br />County Governmental Center in Concord, North Carolina, as the hour, day and
<br />place for the public hearing upon the foregoing order and directed the Clerk
<br />to the Board of Commissioners to publish said order, together with the
<br />appended statement giving notice of said hearing as required by The Local
<br />Government Bond Act, as amended, once in The Independent Tribune not later
<br />than the sixth day before said date.
<br />
<br /> The Sworn Statement of Debt as submitted by the Finance Director was as
<br />follows:
<br /> CAB/LRRUS COUNTY, NORTH CAROLINA
<br /> SWORN STATEMENT OF DEBT MADE PURSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Pam S. Dubois, Finance Officer for the County of Cabarrus, North
<br />Carolina (the ~'County"), having been designated by the Board of Commissioners
<br />for said County to make and file with the Clerk to the Board of said County a
<br />statement of the debt of said County pursuant to The Local Government Bond
<br />Act, as amended, DO HEREBY CERTIFY that the following is a true statement as
<br />shown by the books in my office, not taking into consideration any debt
<br />incurred or to be incurred in anticipation of the collection of taxes or
<br />other revenues or in anticipation of the sale of bonds other than funding and
<br />refunding bonds:
<br />
<br />a(1)
<br />
<br />a(2)
<br />
<br />a(3)
<br />
<br />a(4)
<br />
<br /> (a) GROSS DEBT
<br />Outstanding debt evidenced by bonds:
<br />
<br /> Water Bonds, Series 1992
<br /> Refunding Bonds, Series 1993
<br /> School Bonds, Series 1997
<br /> Total
<br />
<br />Bonds authorized by orders introduced on June 16,
<br />2003, but not yet adopted:
<br /> Refunding Bonds, Series 2003
<br />
<br />Unissued bonds authorized b~ adopted orders:
<br />Outstanding debt, not evidenced by bonds:
<br />
<br />$ 3,250,000
<br /> 14,095,000
<br /> 38,800,000
<br />
<br />$56,145,000
<br />
<br />$69,610,000
<br />
<br />$91,684,559.88
<br />
<br />(a)
<br />
<br />GROSS DEBT, being the sum of a(1) , a(2) , a(3) ,
<br />and a(4):
<br />
<br />$217,439,559.88
<br />
<br />b(1)
<br />
<br />b(2)
<br />
<br />b(3)
<br />
<br />b(4)
<br />
<br />(b) DEDUCTIONS
<br />
<br />Funding and refunding bonds authorized by orders
<br />introduced but not yet adopted:
<br />
<br />Funding and refunding bonds authorized but not yet
<br />issued:
<br />
<br />The amount of money held in sinking funds or
<br />otherwise for the payment of any part of the
<br />principal of gross debt other than debt incurred for
<br />water purposes or sanitary sewer purposes (to the
<br />159-55(b)):
<br />
<br />Bonded debt included in gross debt and incurred, or
<br />to be incurred, for water purposes:
<br />
<br />-$69,610,000-
<br />
<br />$3,250,000
<br />
<br />
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