2001 - 09-04-01 Regular Meeting - Laserfiche WebLink

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aco~ 18 PAGE 552 The Chairman ruled the motion had been adopted unanimously. After completing business as the governing body of the Lee County Water and SeNver District No. 1, Commissioner Lemmond moved to go out of the Water and Sewer District No. I meeting. Upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reives, and Sauls Nay: None The Chairman ruled the motion had been adopted unanimously. Chairman Hincks opened the public hearings that had been advertised for this date and time. The Clerk of the Board of Commissioners reported to the Board of Commissioners that the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF 510,200,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF LEE," which had been introduced on August 20, 2001, had been published on August 23, 2001, with notice that the Board would hold a public hearing thereon on September 4, 2001, at 9 o'clock A.M. The Clerk of the Board of Commissioners also reported that the County's Finance Officer had filed in the Clerk's office a statement of debt complying with the provisions of The Local Government Bond Act, and such statement as filed showed the net indebtedness of the County to be 1.05% of the appraised valuation of property in the County subject to taxation. Commissioner Matthews moved that the Boad of Commissioners proceed to hold a public hearing on the refunding bond order. The motion was seconded by Commissioner Lemmond and was unanimously adopted. At 9 o'clock A.M., the Chairman of the Board of Commissioners announced that the Board would hear anyone who wished to be heard on the questions of the validity of the refunding bond order and the advisability of issuing the refunding bonds. Al the direction of the Chainnan of the Board of Commissioners, the Clerk of the Board of Commissioners read the refunding bond order and the published notice of hearing. After the Board had heard all persons who requested to be heard in connection with the foregoing questions, Commissioner Lemmond moved that the public hearing be closed. The motion was seconded by Commissioner Sauls and was unanimously adopted. Commissioner Paschal moved that the Board of Commissioners of the County of Lee adopt, without change or amendment, and direct the Clerk of the Board of Commissioners to publish as prescribed by The Local Government Bond Act the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF 510,200,000 GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF LEE," 4