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BK 0029 PG 0478 <br />The Board of Commissioners for the County of Lee, North Carolina met in a regular <br />meeting in the Commissioners' Room at the Lee County Government Center, 106 Hillcrest Drive <br />in Sanford, North Carolina, the regular place of meeting, at 6:00 p.m. on February 5, 2018. <br />Present: Chair Amy Dalrymple, mresidinL and Commissioners -Knecht. Oldham <br />Reives. Sharpe. and Sloan <br />Absent: Commissioner Dodson <br />Also present: County Manager John Crumpton Assistant County Mang%linance <br />Director Lisa Minter. Clerk to the Board Jennifer Gamble <br />The Chair announced that this was the how and day of the public hearing on a trust <br />agreement or similar financing agreement (the "Agreement'D to be entered into by the County of <br />Lee, North Carolina (the "County") pursuant to Section 160A-20 of the General Statutes of <br />North Carolina providing for the issuance of one or more series of limited obligation bonds <br />thereunder in an aggregate principal amount not to exceed $35,000,000 for the purpose of <br />providing funds, together with any other available funds, to pay or reimburse the costs of (a) <br />acquiring, constructing, renovating, improving and equipping an elementary school, (b) <br />renovating and improving buildings in the County courthouse complex and (c) constructing, <br />expanding, improving, renovating and equipping existing parks and recreational facilities in the <br />County (collectively, the "Project'j. If the County enters into the Agreement, its obligations <br />thereunder will be secured by a deed of trust on one or more sites of the Project, together with <br />any improvements or fixtures located or to be located thereon. <br />