Agenda Package - 11-15-07 - Laserfiche WebLink

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• STATE OF NORTH CAROLINA ) NOTICE OF SPECIAL MEFTTNG OF THE COUNTY OF LEE ) BOARD OF COMMISSIONERS To the members of the Board of Commissioners for the County of Lee: Notice is hereby given that, in accordance with Rule 6 (b) of the Board's Rules of Procedure, and in accordance North Carolina General Statute § 153A-40, a Special Meeting of the Board of Commissioners will be held in the Commissioners' Room, First Floor, in the Lee County Government Center, 106 Hillcrest Drive, Sanford, N.C., on Thursday, November 15, 2007, at 4:00 p.m. for the purpose of: 1. To consider and either accept or reject an offer from an anonymous donor to assign options on a parcel of real property in Lee County and the gift of shares of stock of sufficient value to fund the purchase of the property in accordance with the terms of said option. 2. If the Board elects to accept the offer, to authorize the Chairman, Vice-Chairman, Clerk to the Board, County Manager or Finance Officer to open an account with Davenport and Company for the receipt of said stock. • 3. Since shares of stock are not an approved investment of idle funds under North Carolina General Statue § 159-130, to authorize the County Manager to authorize sale of said stock as soon as it is credited to the County's account. 4. Upon receipt of the funds from the sale of the stock, to authorize the County Manager to exercise the options to purchase the real property and pay the purchase price from the proceeds of the sale of said shares of stock. 5. To direct the County Manager to report to the Board at the first regular meeting of the Board at-ter completing the purchase of the property a full and complete accounting of the expenditure of funds with respect to the transaction. 6. To transact such other business as may lawfully come before said meeting. Dated Friday, the 9`h day of November, 2007. Robert H. Br wn, Chairman 0