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BK:00027 PG -0988 <br />WHEREAS, as security for its obligations under the Contract, the County will execute <br />and deliver a deed of trust granting a lien on all or a portion of the sites of the facilities to be <br />refinanced pursuant to the Contract; <br />WHEREAS, in accordance with Section 160A -20(g) of the North Carolina General <br />Statutes, the County is required to hold a public hearing on the proposed Contract as described <br />above; and <br />NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners for the County <br />of Lee, North Carolina as follows: <br />1. The Board hereby fixes 6:00 p.m. on December 21, 2015 in the Commissioners' <br />Room at the Lee County Government Center, 106 Hillcrest Drive in Sanford, North Carolina, as <br />the hour, day and place for the public hearing on the proposed Agreement. <br />2. The Board hereby directs the Clerk to the Board to publish notice of such public <br />hearing once in The Sanford Herald not later than the 10`x' day before said date. <br />3. The Board hereby authorizes and approves the filing of an application with the Local <br />Government Commission for approval of the Contract and hereby requests the Local <br />Government Commission to approve the Contract and the proposed financing contemplated <br />thereby. <br />4. This resolution shall take effect immediately upon its passage. <br />Upon motion of Commissioner Reives, the foregoing resolution was adopted by the <br />following vote: <br />Ayes: Dalry nple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith <br />Noes: <br />7 <br />