2001 - 08-20-01 Regular Meeting - Laserfiche WebLink

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E DGOX 18 FACE 52. 0 010 BE IT RESOLVED by the Board of Commissioners of the County of Lee, as follows: The public hearing upon each bond order shall be held on the 4"' day of September 2001, at 9:00 a.m., in the Commissioners' Room at the Lee County Government Center, 106 Hillcrest Drive, in Sanford, North Carolina. 2. The Clerk of the Board of Commissioners is hereby directed to cause a copy of each bond order to be published with a notice of such hearing in the form prescribed by law in a qualified newspaper not fewer than six days prior to such public hearing. 3. The County's Finance Officer is hereby directed to file with the Clerk of the Board of Commissioners prior to publication of each bond order with the notice of such public hearing, a statement setting forth the debt incurred or to be incurred, the assessed value of property subject to taxation by the County and the net debt of the County. Commissioner Reives seconded the motion, and upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reives, and Sauls Nay: None The Chainnan ruled the motion had been adopted unanimously. County Attorney K. R. Hoyle discussed with the board a resolution to ratify previous action taken on a road project at the new proposed industrial park. Commissioner Reives moved the adoption of the following resolution: RESOLUTION RATIFYING THE ACTION OF THE COUNTY MANAGER IN FILING AN APPLICATION FOR APPROVAL OF SANITARY SEWER BONDS IN THE AMOUNT OF $1,435,000 AND VOTING MACHINE BONDS IN THE AMOUNT OF $450,000 WHEREAS, the Board, at its regular meeting on July 9, 2001, authorized the initiation of procedures to issue general obligation bonds in the amount of $1,886,000 for sanitary sewer improvements to serve a 2.200 acre basin in the County including the construction of an out fall line, a force main and a lift station, and for the construction of a roadway at the proposed addition to the Lee County Industrial Park; and WHEREAS, bond counsel advised the County Manager that the proposed road development would not be a tax exempt issue of bonds and recommended against proceeding for that purpose; and 10