HomeMy WebLinkAboutC.054.93010_0952 (2)and the guidelines of the Local Government Commission of North Carolina for all
financings and refinancings undertaken pursuant to said Section; and
WHEREAS, said Section 160A-20 requires that, before entering into an
installment financing agreement involving real property, the County shall hold a public
hearing on such agreement.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the
County of Iredell:
Section 1. A public hearing with respect to the Agreement is hereby directed to be
held on Monday, December 2, 2002, at 9:00 A.M., in the Commissioners' Meeting Room
at the Iredell County Government Center in Statesville, North Carolina.
Section 2. The Clerk to the Board of Commissioners is hereby directed to publish
notice of said public hearing, in substantially the following form, once at least ten (10)
days prior to the date of the public hearing as required by Section 160A -20(g) of the
General Statutes of North Carolina:
NOTICE OF PUBLIC HEARING BY
THE BOARD OF COMMISSIONERS
FOR THE COUNTY OF IREDELL,
NORTH CAROLINA, CONCERNING
THE REFINANCING, PURSUANT TO AN
INSTALLMENT FINANCING AGREEMENT, OF
OUTSTANDING CERTIFICATES OF PARTICIPATION
(1992 IREDELL-STATESVILLE SCHOOL PROJECTS)
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 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) (the "1992 Certificates"), executed and delivered by the
Corporation. It is expected that the Corporation will issue its Installment Payment
Revenue Refunding Bonds Qredell County School Projects) Series 2002 (the "Series
2002 Bonds") in an aggregate principal amount not exceeding $6,000,000 for the purpose
of providing funds, together with other available funds, to (i) refund the 1992 Certificates
and (ii) pay the expenses incurred in connection with the issuance of the Series 2002
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 2, 2002, at 9:00 A.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 Commissioner Williams, the foregoing resolution entitled:
"RESOLUTION CALLING A PUBLIC HEARING CONCERNING THE
REFINANCING, PURSUANT TO AN INSTALLMENT FINANCING AGREEMENT,
OF OUTSTANDING CERTIFICATES OF PARTICIPATION (1992 IREDELL-
STATESVILLE SCHOOL PROJECTS)" was passed by the following vote:
Ayes - 5; Nays - 0.