0321_commissioners_agenda_full_2022

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The Chairman announced that this was the date, place and hour fixed by the Board of Commissioners for a public hearing concerning a proposed plan of refinancing in an aggregate principal amount of up to $130,000,000, which plan would involve the entry by the County into one or more installment financing contracts with the Cabarrus County Development Corporation or one or more other third parties pursuant to North Carolina General Statutes 160A-20, as amended, the proceeds of which would be used to refinance all or a portion of one or more installment financing contracts previously executed and delivered by the County, which prior installment financing contracts paid all or a portion of the costs of acquiring, constructing and equipping various public facilities and related improvements and costs (collectively the the repayment by the County of the moneys advanced pursuant to such one or more installment financing contracts by granting a security interest in and lien on all or some portion of the Projects and/or in all or some portion of the real property on which the Projects are located, which plan of refinancing was described in the notice of public hearing published in The Independent Tribune on March __, 2022 The Board of Commissioners first ratified and approved the designation of the meeting as a public hearing on the proposed plan of refinancing, the call of the public hearing and publication of the Notice. It was then announced that the Board of Commissioners would immediately hear anyone who might wish to be heard on such matter. No one appeared, either in person or by attorney, to be heard on such matter or the advisability of the plan of refinancing and the Chairman announced that no written statement relating to said matters had been received by the Clerk or the Finance Director prior to the opening of the public hearing. It was then announced that the public hearing was closed.