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The Board of Commissioners for the County of Cabarrus, North Carolina (the "County') held a regular meeting in the Commissioners Meeting Room of the Cabarrus County Government Center located at 65 Church Street, SE, Concord, North Carolina 28026, at 6:30 P.M. on August 20, 2018. The following Commissioners were: Present: Absent: The Chairman held the public hearing described below and introduced the following resolution, a copy of which had been provided to each Commissioner and which was read by its title: RESOLUTION APPROVING THE ISSUANCE OF NOT TO EXCEED $2,600,000 OF THE PUBLIC FINANCE AUTHORITY EDUCATION REVENUE BONDS (CAROLINA INTERNATIONAL SCHOOL), SERIES 2018A WHEREAS, at 6:30 P.M., the Chairman announced that the Board of Commissioners (the `Board") would proceed to hold a public hearing and would hear anyone who wished to be heard on the proposed issuance by the Public Finance Authority (the "Authority"), a unit of government and a body corporate and politic of the State of Wisconsin, of not exceeding $2,600,000 of its Education Revenue Bonds (Carolina International School), Series 2018A (the "Bonds"); WHEREAS, the Authority will loan the proceeds of the Bonds to Carolina International School, a North Carolina nonprofit corporation (the `Borrower") and the Borrower will use the proceeds of the loan from the Authority for the purpose of financing and refinancing the costs of acquiring, constructing, equipping and improving and operating, as applicable, land and buildings used or to be used by the Corporation as school facilities located and to be located at 9545 Poplar Tent Road, Concord, North Carolina (the "Project"); WHEREAS, pursuant to Section 66.0304(11)(a) of the Wisconsin Statutes, prior to their issuance, bonds issued by the Authority must be approved by the governing body or highest ranking executive or administrator of the political jurisdiction within whose boundaries the project is located (the "Project Jurisdiction"); WHEREAS, the Borrower has requested that the Board approve the financing of the Project and the issuance of the Bonds in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Amended and Restated Joint Exercise of Powers Agreement Relating to the Public Finance Authority, dated as of September28, 2010 (the "Joint Exercise Agreement") and Section 66.0304(11)(a) of the Wisconsin Statutes; 1103911M 20428.00013 Attachment number 2 \n G4 Page 188