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BK:00027 PG:0987 <br />Government Commission to approve the Contract and the proposed refinancing in connection <br />therewith. <br />Section 3. This resolution shall take effect immediately upon its passage. <br />Upon motion of Commissioner Reives , the foregoing resolution was <br />adopted by the following vote: <br />Ayes: Dalr tMple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith <br />Noes: <br />Thereupon, Assistant County Manager/Finance Director Lisa Minter introduced the <br />following resolution the title of which was read and a copy of which had been previously <br />distributed to each Commissioner: <br />RESOLUTION CALLING A PUBLIC HEARING IN CONNECTION <br />WITH THE REFINANCING OF CERTAIN OUTSTANDING <br />INSTALLMENT FINANCING OBLIGATIONS OF THE COUNTY <br />WHEREAS, the Board of Commissioners (the "Board") for the County of Lee, North <br />Carolina (the "County") is considering the refinancing of all or a portion of the County's <br />installment financing obligations with respect to the Certificates of Participation (Public <br />Facilities Projects), Series 2006, dated December 20, 2006 (the "Series 2006 Certificates"), all <br />pursuant to an installment financing arrangement; <br />WHEREAS, in order to refinance the County's obligations with respect to the Series <br />2006 Certificates, the County proposes to enter into an installment financing contract or similar <br />financing arrangement (the "Contract"); <br />no <br />