2000 - 02-21-00 Regular Meeting - Laserfiche WebLink

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0 0 V P!(;7 :Fioo o O G e~U1 WHEREAS, the bond orders entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF 525,700,000 SCHOOL BONDS OF THE COUNTY OF LEE" and "BOND ORDER AUTHORIZING THE ISSUANCE OF 54,3000,000 COMMUNITY COLLEGE BONDS OF THE COUNTY OF LEE," have been introduced at the meeting of the Board of Commissioners held on February 21, 2000 and the Board desires to provide for the holding of public hearings thereon and the submission of a statement of debt in connection therewith as required by The Local Government Bond Act; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of Lee, as follows: (1) The public hearings upon said bond orders will be held on the 201h day of March, 2000 at 7:00 o'clock, p.m. in Courtroom #4 at the old Lee County Courthouse, 1400 S. Horner Blvd., in Sanford, North Carolina. (2) The Clerk to the Board of Commissioners is hereby directed to cause a copy of each bond order to be published with a notice of each hearing in the form prescribed by law in a qualified newspaper no fewer than six days prior to each public hearing. (3) The County's Finance Officer is hereby directed to file with the Clerk to the Board of Commissioners, prior to publication of the bond orders with the notices of such public hearings, 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 Paschal seconded the motion. Upon a vote, the results were as follows: Aye: Adams, Garner, Hineks, Matthews, Paschal, and Sauls Nay: Reives The Chairman ruled the motion had been adopted by a six to one vote. Commissioner Garner moved to approve the following resolution: WHEREAS, the Board of Commissioners of the County of Lee has introduced bond orders authorizing the issuance of 525,700,000 School Bonds and 54,300,000 Community College Bonds and such bond orders, when adopted, and the indebtedness to be incurred by the issuance of such bonds and the tax to be levied for the payment of such bonds will be submitted to the voters of the County at the election to be held on May 2, 2000 for their approval or disapproval in order to comply with the Constitution and laws of North Carolina; and 6