HomeMy WebLinkAboutC.054.93010_0951 (2)NOTICE IS HEREBY GIVEN to all interested persons that the Board of
Commissioners for the County of Iredell, North Carolina (the "County") is considering
the refinancing, pursuant to an Installment Financing Agreement (the "Agreement") with
Iredell County Public Facilities Corporation (the "Corporation'), a North Carolina non-
profit corporation, of a portion of the County's payment obligations under that certain
Installment Financing Agreement, dated as of July 1, 2000, by and between the County
and the Corporation, by refunding a portion of the Corporation's outstanding Installment
Payment Revenue Bonds (Iredell County School Projects), Series 2000 (the "2000
Bonds"). It is expected that the Corporation will issue its Installment Payment Revenue
Refunding Bonds (Iredell Comity School Projects), Series 2003 (the "Series 2003
Bonds") in an aggregate principal amount not exceeding $21,000,000 for the purpose of
providing funds, together with other available funds, to (i) refund a portion of the 2000
Bonds and (ii) pay the expenses incurred in connection with the issuance of the Series
2003 Bonds.
NOTICE IS HEREBY FURTHER GIVEN that the Board of Commissioners will
hold a public hearing in the Commissioners' Meeting Room at the Iredell County
Government Center in Statesville, North Carolina, on December 17, 2002, at 7:00 P.M.,
or an adjournment thereof, at which time any person may be heard regarding the
proposed Agreement.
COUNTY OF IREDELL, NORTH CAROLINA
By: Jean C. Moore
Clerk to the Board of Commissioners
Section 3. This resolution shall take effect upon its passage.
Upon otio of Chairman Tice, the foregoing resolution entitled:
"RESOLUTION CALLING A PUBLIC HEARING CONCERNING THE
REFINANCING, PURSUANT TO AN INSTALLMENT FINANCING AGREEMENT,
OF A PORTION OF THE OUTSTANDING INSTALLMENT PAYMENT REVENUE
BONDS (IREDELL COUNTY SCHOOL PROJECTS), SERIES 2000 ISSUED BY
IREDELL COUNTY PUBLIC FACILITIES CORPORATION" was passed by the
following vote:
Ayes — 5; Nays — 0.
Request for the Adoption of a Resolution Calling for a Public Hearing on
December 2, 2002, at 9:00 a.m., Concerning the Refinancing of Outstanding
Certificates of Participation: Chairman Tice introduced the following resolution that
was read by title and summarized by the Director of Finance and Administration.
RESOLUTION CALLING A PUBLIC HEARING
CONCERNING THE REFINANCING, PURSUANT
TO AN INSTALLMENT FINANCING AGREEMENT,
OF OUTSTANDING CERTIFICATES OF PARTICIPATION
(1992 IREDELL-STATESVILLE SCHOOL PROJECTS)
WHEREAS, in order to achieve debt service savings, the Board of
Commissioners for the County of Iredell, North Carolina (the "County") is considering
the refinancing, pursuant to an installment financing agreement (the "Agreement") to be
entered into with Iredell County Public Facilities Corporation (the "Corporation"), of the
County's obligations under that certain Installment Financing Agreement, dated as of
December 1, 1992, by and between the County and the Corporation, by refunding the
outstanding Certificates of Participation (1992 Iredell-Statesville School Projects)
executed and delivered by the Corporation; and
WHEREAS, the Agreement, if entered into, will comply in all respects with
Section 160A-20 and Chapter 159, Article 8 of the General Statutes of North Carolina