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June 17, 2002 Page 395 the execution and delivery of an installment financing contract (the "Contract") to finance all or a portion of the costs of acquiring real property, constructing and equipping new public facilities, including a school administrative building, several additional gym facilities and an expo center and improvements related to the foregoing (collectively the "2002 Project"). The plan of financing for the 2002 Project involves the entry by the County into the Contract with a third party who will provide the County with up to $30,000,000 pursuant to the terms of the Contract, which amount will be applied to finance costs of the 2002 Project. The County's obligations to such third party 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 2002 Project and in the real property on which the 2002 Project will be located. The obligation of the County under the Contract 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 Contract 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 such Contract is in effect. No deficiency judgment may be rendered against the County in any action for breach of such Contract 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 such Contract. PLEASE TAKE NOTICE THAT THE BOARD WILL HOLD A PUBLIC HEARING CONCERNING THE PLAN OF FINANCING AT 6:30 P.M. ON MONDAY, JULY 22, 2002, IN THE COMMISSIONERS' MEETING ROOM IN THE CABARRUS COUNTY GOVERNMENTAL CENTER, CONCORD, NORTH CAROLINA, AT WHICH ANY PERSON MAY BE HEARD CONCERNING THE PLAN OF FINANCING. ANY PERSON WISHING TO COMMENT IN WRITING ON THE PLAN OF FINANCING 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. Blair D. Bennett Finance Director Contract for Transportation Services Mr. Jonathan Marshall, Planning Services Director, reported that the transportation service contract with Coach USA ends on June 30, 2002. Due to increased costs by Coach, staff had sought proposals from other providers for the transportation service. He recommended that the County enter into a contract with Midstate Transport, Inc. to operate the transportation system for FY 2003. Mr. Darryl Brooks, President of Midstate Transport, Inc., gave a brief overview of his experience in the transportation business, including the past operation of Char-Meck Ambulance Service for non-emergency transports. UPON MOTION of Vice Chairman Carruth, seconded by Commissioner Fennel and unanimously-carried, the Board approved the "Contract for Transportation Services for the Cabarrus County Coordinated Transportation System (d.b.a. CCTS) between Cabarrus County and Midstate Transport, Inc. for the period July 1, 2002 through June 30, 2003 with option to renew. Further, the Board authorized the County Manager to execute the Agreement on behalf of Cabarrus County. APPOINTMENTS TO BOARDS AND COMMITTEES Social Services Board The term of appointment for Mr. wayne Trexler as a member of the Social Services Board ends on June 30. He has served two terms and is ineligible for reappointment pursuant to North Carolina General Statute 108A-4. UPON MOTION of Commissioner Privette, seconded by Commissioner Fennel and unanimously carried, the Board appointed Mr. Thomas W. Ramseur to the Social Services Board for a term of three years ending June 30, 2005. Board of Equalization and Review The terms of appointment for all members of the Board of Equalization and Review end on June 30, 2002.