1989 - 03-09-89 Regular Meeting - Laserfiche WebLink

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BOOK i2 NGE s7s Senators representing Lee County in the General Assembly are requested to introduce and seek the enactment of legislation authorizing that the leasehold deed of trust between Floyd Browne Associates, Inc., its successors or assigns, and the Southern National Bank of North Carolina, be authorized to contain a provision in which Lee County may exercise a right of first refusal to purchase the water treatment plant at the balance of the indebtedness on the property within a reasonable period prior to the institution of any foreclosure action by Southern National Bank of North Carolina; 3. The appropriate County officers are authorized and empowered to execute and deliver an amendment to the agreement for funding, design, building and operation of the water treatment plant to provide that if Southern National Bank of North Carolina has to secure an engineering firm to operate the water treatment plant after Floyd Browne Associates, Inc., its successors or assigns, default that any increased costs allocated to the labor to operate the plant would be passed on to Lee County in the form of higher water rates. Commissioner Gordon A. Wicker seconded the motion and upon a vote the results were as follows: AYE: Dossenbach, Matthews, Wicker and Cox NAY: Stafford The Chairman declared the resolution had been unanimously adopted. Commissioner Bertha L. Matthews introduced a bond order which was read at length as follows: WHEREAS, THE Board of Commissioners of the County of Lee has received and considered a resolution from the Lee County Board of Education including a request that the Board of Commissioners provide and improve additional school facilities in Lee County; and WHEREAS, the Board of Commissioners has caused to be filed with the Secretary of the Local Government Commission of North Carolina an application for Commission approval of the bonds hereinafter described as required by The Local Government Finance Act, and the Secretary of the Local Government Commission has notified the Board that the application has been filed and accepted for submission to the Local Government Commission; NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of the County of Lee, as follows: Section 1. The Board of Commissioners of the County of Lee has asc ertained and hereby determines that it is necessary to improve public school facilities in Lee County, including without limitation the construction of an elementary school and including the acquisition and -6-