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March 4, 2013 - Cabarrus County

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EXTRACT FROM MINUTES OF PUBLIC HEARING<br />

THE BOARD OF COMMISSIONERS OF<br />

THE COUNTY OF CABARRUS, NORTH CAROLINA<br />

The Board of Commissioners for the <strong>County</strong> of <strong>Cabarrus</strong>, North Carolina, met in regular<br />

session in the Commissioner’s Meeting Room in the <strong>Cabarrus</strong> <strong>County</strong> Governmental Center in<br />

Concord, North Carolina, the regular meeting, at 6:30 p.m., on <strong>March</strong> 18, <strong>2013</strong>, with<br />

________________, Chairman, presiding. The following Commissioners were:<br />

PRESENT: Vice Chairman ______________ and Commissioners ________________,<br />

__________________ and _________________<br />

ABSENT:<br />

______________________<br />

ALSO PRESENT: Michael K. Downs, <strong>County</strong> Manager; Pamela S. Dubois, Deputy<br />

<strong>County</strong> Manager; Ann M. Wilson, Finance Director; Richard M. Koch, Esq., <strong>County</strong> Attorney;<br />

and Megan I.E. Smit, Clerk to the Board<br />

* * * *<br />

The Chairman announced that this was the date and hour fixed by the Board for the<br />

public hearing in the order entitled: “ORDER AUTHORIZING $95,580,000 REFUNDING<br />

BONDS” and that the Board would immediately hear anyone who might wish to be heard on the<br />

question of the validity of said order or the advisability of issuing any of said bonds.<br />

The Chairman stated that the proceeds of the Refunding Bonds in the aggregate principal<br />

amount not exceeding $95,580,000 would be used for the purpose of providing funds, together<br />

with other available funds, to refund all or a portion of the <strong>County</strong>’s outstanding School Bonds,<br />

Series 2005 and Public Improvement Bonds, Series 2006, each as described in the published<br />

notice of the public hearing, and paying expenses related thereto.<br />

No one appeared, either in person or by attorney, to be heard of the question of the<br />

validity of said order or the advisability of issuing any of said bonds and the Clerk to the Board<br />

announced that no written statement relating to said questions had been received.<br />

It was then announced that the public hearing was closed.<br />

Chairman _________ then stated that the Board having held the required public hearing<br />

thereon, it was now time for the Board to consider adoption of the order introduced on first<br />

reading on February 18, <strong>2013</strong> entitled: “ORDER AUTHORIZING $95,580,000 REFUNDING<br />

BONDS.”<br />

Thereupon, upon motion of Commissioner __________, seconded by Commissioner<br />

_________________, the order entitled: “ORDER AUTHORIZING $95,580,000 REFUNDING<br />

Attachment number 1<br />

4-5<br />

Page 99

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