FINANCE RESOLUTION - Resolution Providing for the Sale and Issuance of 23 million General Obligation Community College Bonds, Series 2017

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The Board of Commissioners for the County of Lee, North Carolina met in a regular meeting in the Commissioners' Room at the Lee County Government Center, 106 Hillcrest Drive in Sanford, North Carolina, the regular place of meeting, at 6:00 p.m. on January 17, 2017. Present: Chair Amy M. Dalrymple, presiding, and Commissioners Kevin C. Dodson, Dr. Andre Knecht, Larry C. "Doc" Oldham, Robert T. Reives, Cameron W. Sharpe, and Timothy S. Sloan Absent: Also present: County Manager John Crumpton, Assistant County Manager/Finance Director Lisa Minter, and Clerk to the Board Jennifer Gamble _Assistant County Manager/Finance Director Lisa Minter introduced the following resolution the title of which was read and a copy of which had been previously distributed to each Commissioner: RESOLUTION PROVIDING FOR THE SALE AND ISSUANCE OF $23,000,000 GENERAL OBLIGATION COMMUNITY COLLEGE BONDS, SERIES 2017 BE IT RESOLVED by the Board of Commissioners (the "Board") for the County of Lee, North Carolina (the "County"): Section 1. The Board has determined and does hereby find and declare as follows: (a) An order authorizing $9,000,000 Community College Bonds (Health Science) (the "Health Science Bonds") of the County was adopted by the Board for the County on July 21, 2014, which order was approved by the vote of a majority of the qualified voters of the County who voted thereon at a referendum duly called and held on November 4, 2014. (b) An order authorizing $5,000,000 Community College Bonds (Veterinary Technology) (the "Veterinary Technology Bonds") of the County was adopted by the Board for the County on July 21, 2014, which order was approved by the vote of a majority of the qualified voters of the County who voted thereon at a referendum duly called and held on November 4, 2014. (c) An order authorizing $4,000,000 Community College Bonds (Emergency Services) (the "Emergency Services Bonds") of the County was adopted by the Board for the County on July 21, 2014, which order was approved by the vote of a majority of the qualified voters of the County who voted thereon at a referendum duly called and held on November 4, 2014.