1984 - 03-05-84 Regular Meeting - Laserfiche WebLink

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BOON 11 mrE 376 The Chairman stated that The Lee County Industrial Facilities and Pollution Control Financing Authority had adopted a reso- lution on February 15, 1984, expressing its intention to issue revenue bonds and authorizing the execution and delivery of an inducement agreement per- taining to the financing of an industrial project to be operated by Imperial Cotton Mills, Inc., a wholly-owned subsidiary of Imperial Spinning Mills, Inc. The Chairman submitted copies of the resolution and the inducement agreement to the Board. The Chairman then stated that a notice had been published on February 17, 1984, that the Board would hold a publis hearing on March 5, 1984, on the proposed project and the issuance of revenue bonds to finance the project. Commissioner Jerry M. Almond moved that the Board proceed to hold a public hearing on the project and the issuance of revenue bonds to finance the project. The motion was seconded by Commissioner John E. Dotterer and was unanimously adopted. At 9:35 o'clock A. M. , the Chairman announced that the Board would hear anyone who wished to be heard on the advisability of the proposed project and the issuance of revenue bonds to finance the project and that a representative of the Authority was present and was prepared to discuss the details concerning the proposed project and bond issue. The names and addresses of the persons who were present, summaries of their oral comments and copies of their written comments are set forth below: Mr. George Perkins, representing Imperial Cotton Mills, Inc. , a wholly-owned subsidiary of Imperial Spinning Mills, Inc. After the Board had heard all persons who requested to be heard, Commissioner John R. Dossenbach, Jr., moved that the public hearing be closed. The motion was seconded by Commissioner Jerry M. Almond and was unanimously adopted. Commissioner John E. Dotterer then introduced the following resolution which was read at length: WHEREAS, the Board of County Commissioners has created a political subdivision and body corporate and politic of the State of North Carolina known as "The Lee County Industrial Facilities and Pollution Control Financing Authority" (the "Authority"); and