Laserfiche WebLink
195 <br /> <br />and Crisco Road in Concord, Cabarrus County, North Carolina and 101 YMCA <br />Drive, Kannapolis, Cabarrus County, North Carolina and will be owned and <br />operated by the YMCA. <br /> <br /> It was stated that the Authority had adopted a resolution expressing <br />its intention to issue the Bonds. Copies of the resolution were then <br />submitted to the Board. <br /> <br /> The Clerk to the Board presented an affidavit of an officer of The <br />Independent Tribune, showing publication on or before September 3, 2001, <br />which is a date at least 14 days prior hereto, of notice of the public <br />hearing. It was directed that the affidavit of publication be attached to <br />this extract of minutes as Exhibit A. <br /> <br /> It was requested that the Clerk to the Board inquire to determine <br />whether there were any persons who wished to speak at the public hearing. <br />The names and addresses of the persons who were present and who offered <br />comments on the proposed issuance of the Bonds to finance the Project and a <br />summary of their comments are listed on Exhibit B. <br /> <br /> After the Board had heard all persons who had requested to be heard, <br />Chairman Fennel moved that the public hearing be closed. The motion was <br />seconded by Commissioner Privette and was unanimously adopted. <br /> <br /> Commissioner Privette introduced the following resolution, a copy of <br />which had been distributed to each Commissioner and the title of which <br /> <br />appeared on the agenda: <br /> (Resolution No. 2001-29) <br /> <br /> RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS <br /> COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL <br /> FINANCING AUTHORITY OF ITS $8,300,000 AGGREGATE <br /> PRINCIPAL AMOUNT OF TAX-EXEMPT ADJUSTABLE MODE <br /> RECREATIONAL FACILITIES REVENUE BONDS FOR THE PURPOSE <br /> OF PAYING FOR CERTAIN RECREATIONAL FACILITIES IN <br /> CABARRUS COUNTY, NORTH CAROLINA. <br /> <br />BE IT RESOLVED by the Board as follows: <br /> <br /> Section 1. Pursuant to and in satiSfaction of the requirements of <br />Section 159C-8(c) of the General Statutes of North Carolina, the Board hereby <br />approves the issuance by the Authority of its Tax-Exempt Adjustable Mode <br />Recreational Facilities Bonds in the aggregate principal amount of not to <br />exceed $8,300,000 for the purpose of financing the cost of (1) constructing, <br />equipping and furnishing a recreational facility located in Concord, North <br />Carolina, (2) renovating the YMCA's existing recreational facility located in <br />Kannapolis, North Carolina and (3) other improvements related to the tax- <br />exempt purpose of the YMCA. <br /> <br /> Section 2. <br />passage. <br /> <br />This resolution shall take effect immediately upon its <br /> <br /> Commissioner Privette moved passage of the foregoing resolution. <br />Chairman Fennel seconded the motion, and the resolution was passed by the <br />following vote: <br /> <br />Ayes: Chairman Fennel, Vice Chairman Carruth and Commissioners Freeman, <br /> Privette and Suggs <br />Noes: None <br />~bstaining: None <br /> <br /> EXHIBIT A <br />(AFFIDAVIT OF PUBLICATION; PUBLICATION DATE - August 27, 2001) <br /> <br /> EXHIBIT B <br />Persons Speaking at the Public Hearing on September 17, 2001 <br /> <br />Dr. Frank Sellers, resident of 437 Briarwood Place, Concord, NC and part- <br />owner of the SportsCenter (a private athletic facility in' Concord), <br />expressed concern about the County's donation of funds to help build a <br />new YMCA facility in Concord and the proposed issuance of tax-exempt <br />bonds for the project. He also questioned the location of the new YMCA, <br />stating it is being built in an area of "high dollar" homes and in his <br />opinion would not serve the citizens, especially the underprivileged, of <br />this county very well. Finally, Dr. Sellers complained that it was not a <br /> <br /> <br />