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• <br /> WHEREAS, in order to finance the purchase, the County proposes to enter into an <br /> installment financing agreement with Progressive Contracting Company, (the"Agreement"); <br /> WHEREAS, as security for its obligations under the Agreement, the County may be <br /> required to execute and deliver a deed of trust granting a lien on all or a portion of the site of the <br /> facilities financed together with all improvements and fixtures located or to be located thereon; <br /> WHEREAS, in accordance with Section 160A-20(g) of the North Carolina General <br /> Statutes, the County is required to hold a public hearing on the proposed Agreement described <br /> above; and <br /> NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners for the County <br /> of Lee, North Carolina as follows: <br /> 1. The Board hereby fixes 6:00 p.m. on June 6, 2022 at the Ruby McSwain Center, <br /> located at 2420 Tramway Road, Sanford, NC, 27332 as the hour, day and place for the public <br /> hearing on the proposed Agreement. <br /> 2. The Board hereby directs the Clerk to the Board to publish notice of such public <br /> hearing once in The Sanford Herald not later than the 10th day before said date. <br /> 4. This resolution shall take effect immediately upon its passage. <br /> Upon motion of Commissioner _Robert Reives , the foregoing resolution was adopted <br /> by the following vote: <br /> Ayes: Bill Carver, Mark Lovick, Arianna Lavallee, Andrew Knecht, Robert Reives, <br /> Cameron Sharpe, Kirk Smith <br /> Noes: <br /> * * * * * * <br /> I, Jennifer Gamble, Clerk to the Board of Commissioners for the County of Lee, North <br /> Carolina, DO HEREBY CERTIFY that the foregoing is a true copy of so much of the <br /> proceedings of said Board of Commissioners for said County at a regular meeting held on May <br /> 16, 2022, as relates in any way to the adoption of the foregoing resolution and that said <br /> proceedings are recorded in the minutes of said Board of Commissioners. <br /> I DO HEREBY FURTHER CERTIFY that proper notice of such regular meeting was <br /> given as required by North Carolina law. <br /> 2 <br />