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0 3 <br />NOTICE OF <br />PUBLIC HEARING <br />Lee County <br />proposes topartici- <br />pate in the cost of an <br />economic develop- <br />ment project with the <br />Lee Comity Economic <br />Development Corpo- <br />ration, which-con- <br />sists of the cost of <br />construction and the <br />cost of new machi- <br />nery at the Red <br />Wolt LLC manufac- <br />hiring plant. The <br />Board of Commis- <br />sioners will consider <br />a grant sharing up to <br />$102,991.00 of the cost <br />of the project with <br />revenues front the <br />Lee County General <br />Fund to be paid out <br />over 5 years based on <br />the value of the prop <br />ect to the County. <br />The Board of Com- <br />missioners believes <br />this project will stim- <br />ulate the local econo- <br />I my, promote business <br />is and result in the crea- <br />tion of jobs in the <br />County. <br />A public hearing on <br />the proposed County <br />expenditure for this <br />project will be held <br />on November 2, 2009 <br />at 3:00 PM or as soon <br />thereafter as said <br />matter can be <br />reached on the agen- <br />da, in the Commis- <br />stoner's Room, Lee <br />County Government <br />Center, 106 Hillcrest <br />Drive, Sanford, NOlth <br />Carolina. All inter- <br />ested persons are in- <br />vited to attend and <br />present their views. <br />Gaynell M- <br />Lee, Clerk <br />Board of <br />Commissioners <br />/ L <br />i <br />0 <br />