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0 ec0,; 19 PACE 99 <br />r WHEREAS, the County of Lee desires to provide for the construction <br />of a new facility to house the North Carolina School of <br />Telecommunications, a part of Central Carolina Community College and for <br />the acquisition and installation of furniture and equipment (the "Project") to <br />better serve the citizens of Lee County; and <br />WHEREAS, the County of Lee desires to finance the Project by use <br />of an installment contract authorized under North Carolina General Statutes <br />Chapter 160A, Article 3, Section 20; <br />NOW, THEREFORE, BE IT RESOVED by the Board of <br />Commissioners of Lee County as follows: <br />1. That the Officers of the Board, the County Manager, and staff <br />are authorized and directed to proceed with planning to finance the <br />Project using the installment contract procedure. <br />2. That the County Manager is hereby authorized to act on behalf <br />of the County of Lee in filing an application with the North Carolina <br />r Local Government Commission for approval of the Project and the <br />proposed. financing contract and other actions not inconsistent with this <br />resolution. <br />3. That the Finance Director is authorized and directed to seek <br />proposals from at least three banks for installment contract financing of <br />the Project. <br />This resolution is effective upon its adoption this 18`h day of <br />November, 2002. <br />