6-7-21 BOC Regular Meeting - Laserfiche WebLink

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The Board of Commissioners for the County of Lee, North Carolina met in a regular meeting at the Auditorium of the McSwain Extension Education and Agriculture Center located at 2420 Tramway Road, Sanford,North Carolina, at 6:00 p.m. on June 7, 2021. Present: Chair Kirk D. Smith,presiding, and Commissioners Arianna Lavallee, Robert Reives, Dr. Andre Knecht, Cameron Sharpe, Bill Carver, and Mark Lovick Absent: None Also Present: _County Manager Dr. John Crumpton, Clerk to the Board Jennifer Gamble, County Attorney Whitney Parrish, and Assistant County Manager/Finance Director Lisa Minter * * * * * * The Chair announced that this was the hour and day of the public hearing on a proposed installment financing agreement (the "Agreement") to be entered into by the County of Lee, North Carolina (the "County") pursuant to Section 160A-20 of the General Statutes of North Carolina, as amended (the "Act"), in a principal amount not to exceed $7,400,000 for the purpose of providing interim financing for the acquisition of an approximately 22-acre site and existing facilities currently owned by Magneti Marelli Power Train USA, LLC to be used by Central Carolina Community College (the "Project"). To secure its obligations under the Agreement, the County will grant a lien on the site of the Project, together with any improvements or fixtures located or to be located thereon. The Chair acknowledged due publication of the notice of public hearing in a newspaper with a general circulation in said County as required by Section 160A-20(g) of the Act and directed the Clerk to the Board of Commissioners to attach the affidavit showing publication in said paper on a date at least ten days prior to the date hereof as Exhibit A hereto.