Agenda Package - 05-21-07 - Laserfiche WebLink

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NOTICE OF PUB- LIC HFARING RE- GARDING INDUSTRIAL PROJECT AND REVENUE BONDS TO BE ISSUED By TIIE LEE COUNTY INDUSTRIAL. FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY 11 CeJ Notice is hereby giv- en that the Board of Commissioners of Lee County will hold a public hearing on "It Nlay 21, 2007, at or af- in the ter 3:00 1- commissioners, Room, F ;t Floor, Lee County Govern- ment Center, 106 Hill- crest Drive, Sanford, North Carolina, con- cerning the issuance and sale by The Lee County Industrial Fa- cilities and Pollution Control Financing Authority (the "Au- thority") of its Indus- trial Development Revenue Bonds (The Went on April 18, 2007, to reflect the current estimated cost for the Project. The Company expects the cost of the Project to be approximately $7,500,000, and ex- pects to create ap- proximately 50 jobs. Information with re- spect to the Compa- ny's proposil is on file and is open for in- spection at the office of the Lee County At- rorney 106 Hillcrest Drive, Sanford, North Carolina 27330 during business hours. The Authority ex- pects to submit an ap- plication for approval of the project to the Secretary - of the North Carolina De "Bonds") in an amount not to exceed $7,500,000, the pro- ceeds of which wID be used to finance the acquisition, consttvc- tion and equipping of an approximately 218,000 square foot fa- cility for the manu- facture of conveyor systems and related products (the "Proj- ect"), located on ap- proximately 227 acres at 2000 Boone Trail Road in San ford, Lee County, North Carolina-..The Project will be owned and operated by Sys- tem Plast, LLC, a North Carolina limit- ed liability company, or its affiliate or sub- sidiary (the "Compa- ny"). The Authority and the Company en- tered into an induce- ment agreement with respect to the Project and the Bonds on De- cember 21, 2005 and - amended- the agree parmrent of Com- tnerce. Any, person interested in the issu- ance of the Bonds or the location or nature of the Project may ap- pear- and be heard. Any person who wishes to make com- ments in writing on the proposed issu- ance of the Bonds orI the Project may do so, within fourteen (14) days, to The Lee County Industrial Fa- cdities and Pollution Control Financing Authority and the Board of COnlnlis- sioners of Lee Coun- ty, /a Clerk to the Board of Commis- sioners, Post Office Box 1968, Sanford. North Carolina 2733[ or to Mn Stewart Dickinson, ment of Commerce, 301 N. Wilmington Street, Raleigh, North Carolina 27601. LEE COUNTY BOARD OF CONINIISSIONF.RS By: Gaynell M. Lee, Clerk to the Lee County Board of Commissioner: