1996 - 02-12-96 Special Meeting - Laserfiche WebLink

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500f, , 16 312 Section 4. A sworn statement of the County's debt has been filed with the Clerk of the Board of Commissioners and is open to public inspection. Section 5. This bond order shall take effect when approved by the voters of the County at a referendum. Commissioner Moretz moved the adoption of the following resolution: WHEREAS, the bond order entitled, `BOND ORDER AUTHORIZING THE ISSUANCE OF $25,000,000 SCHOOL BONDS OF THE COUNTY OF LEE," has been introduced at the meeting of the Board of Commissioners held on February 5, 1996, and the Board desires to provide for the holding of a public hearing 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: (t) The public hearing upon said bond order shall be held on the 11th day of March, 1996, at 10:00 a.m., in the Board of Commissioners Room, Lee County Government Center, 106 Hillcrest Drive, Sanford, North Carolina. (2) The Clerk of the Board of Commissioners is hereby directed to cause a copy of the bond order to be published with a notice of such hearing in the form prescribed by law in a qualified newspaper no 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 the 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 Groce seconded the motion, and upon a vote, the results were as follows: Aye: Cox, Dossenbach, Garner, Groce, Matthews, Moretz and Reives Nay: None The Chairman ruled the motion had been adopted unanimously. Commissioner Dossenbach moved to hold a public hearing on the special election of school bonds in the amount of $25,000,000 on March 11, 1996, at 10:00 a.m. in the Commissioners Room, Lee County Government Center. Commissioner Moretz seconded the motion, and upon a vote, the results were as follows: Aye: Cox, Dossenbach, Garner, Groce, Matthews, Moretz and Reives Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered the transfer of title to the old Sanford-Lee County Airport property to the Sanford-Lee County Regional Airport Authority. County Attorney K. R. Hoyle told the Board the Airport Authority had requested that the property presently owned by the City of Sanford and County of Lee and used as the airport be conveyed to it in order that it might obtain grants for navigational equipment and other items for present use and to enable it to comply with terms of grant for construction of the new airport. Airport Authority Chairman Herb Hincks was present and answered questions of the Board. 007