March 4, 2013 - Cabarrus County

EXTRACT FROM MINUTES OF MEETING
BOARD OF COMMISSIONERS OF
THE COUNTY OF CABARRUS, NORTH CAROLINA
The Board of Commissioners for the County of Cabarrus, North Carolina, met in regular
session in the Commissioners’ Meeting Room in the Cabarrus County Governmental Center in
Concord, North Carolina, the regular place of meeting, at 6:30 p.m., on March 18, 2013, with
Elizabeth F. Poole, Chairman, presiding. The following Commissioners were:
PRESENT: Chairman Elizabeth F. Poole and Commissioners _____________ and
________________.
ABSENT: _________________________________.
ALSO PRESENT: Michael K. Downs, County Manager; Pamela S. Dubois, Deputy
County Manager; Ann M. Wilson, Finance Director; Richard M. Koch, Esq., County Attorney;
and Megan I.E. Smit, Clerk to the Board
* * * * *
The Chairman introduced the following resolution, a summary of which had been
provided to each Commissioner, a copy of which was available with the Clerk to the Board and
which was read by title:
RESOLUTION PROVIDING FOR THE ISSUANCE OF $62,390,000 GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2013, SUBJECT TO ADUSTMENT AS
PROVIDED HERIEN
BE IT RESOLVED by the Board of Commissioners (the “Board”) of the County of
Cabarrus, North Carolina (the “County”):
Section 1. The Board has determined and does hereby find, declare and represent:
(a)
That an order (the “2013 Order”) authorizing $95,580,000 Refunding Bonds was
adopted by the Board on March 18, 2013, which order has taken effect.
(b)
That none of the refunding bonds authorized to be issued by the 2013 Order have
been issued, that no notes have been issued in anticipation of the receipt of the proceeds of the
sale of any refunding bonds and that it is necessary at this time to issue all or a portion of said
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Attachment number 2
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