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2007 - <br />® LEE COUNTY <br />Committed Today for o Better Tomorrow <br />RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY <br />OF A LOCAL GOVERNMENT GRANT AGREEMENT AND A <br />COMPANY PERFORMANCE AGREEMENT AND OTHER <br />DOCUMENTS PERTAINING TO A ONE NC FUND GRANT <br />FROM THE NC DEPARTMENT OF COMMERCE CONCERNING <br />THE SYSTEM PLAST COMPANY <br />WHEREAS, Mr. Robert Heuts, Economic Development Director has <br />negotiated a loan on behalf of the County from the North Carolina Department of <br />Commerce to be used by System Plast towards the goal of creating forty new <br />jobs and a $4.2 million investment in the County of Lee, and <br />WHEREAS, there have been submitted to this meeting forms of the <br />following documents: (1) Local Government Grant Agreement, and (2) Company <br />Performance Agreement; and <br />• WHEREAS, the Board desires and deems it expedient to secure said <br />grant and use it for the purpose as stated. <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners <br />of the County of Lee as follows: <br />Section 1. The Chairman or Vice - Chairman and Clerk to the <br />Board are authorized and directed to make application for and <br />accept the One NC Fund Grant in the amount of $50,000 for and on <br />behalf of the County to be used for System Plast. <br />Section 2. The Local Government Grant Agreement in the form <br />submitted to this meeting, is hereby approved and the Chairman or <br />Vice - Chairman is hereby authorized and directed to execute and <br />deliver, and the Clerk to the Board is hereby authorized and <br />directed to attest and acknowledge the Local Government Grant <br />Agreement substantially in such form with such necessary and <br />appropriate variations, omissions, and insertions as may be <br />approved by the Chairman or Vice- Chairman. <br />Section 3. The Company Performance Agreement in the form <br />submitted to this meeting, is hereby approved and the Chairman or <br />e Vice - Chairman is hereby authorized and directed to execute and <br />deliver, and the Clerk is hereby authorized and directed to attest <br />and acknowledge the Company Performance Agreement <br />