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C4G <br />LE COUNTY <br />G O D Q C Q FJ 10 C] CJ <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. IV. B. <br />Information <br />Meeting Date: October 1, 2012 XX Action Item <br />Consent Agenda <br />SUBJECT Approval of Resolution Approving Documents Related to the <br />Installment Financing of Property being Purchased at 408 Summitt <br />Drive, Sanford, NC <br />DEPARTMENT Finance <br />CONTACT PERSON Lisa G. Minter, Assistant County Manager /Finance Director <br />REQUEST Approval of 'Resolution Authorizing the Execution and Delivery of <br />an Installment Financing Agreement, a Deed of Trust and Related <br />Documents in Connection with the Financing of the Acquisition of an <br />Existing Building by the County of Lee, North Carolina" <br />SUMMARY The next step in the process of acquiring the property from Dr. Paul <br />Howard and Dr. Barbara James is for the Board to review the <br />attached documents related to the financing and to approve the <br />attached resolution authorizing the execution and delivery of the <br />delivery of the documents. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) (1) — Resolution Authorizing the Execution and Delivery of an <br />Installment Financing Agreement, a Deed of Trust and <br />Related Documents in Connection with the Financing of the <br />Acquisition of an Existing Building by the County of Lee, <br />North Carolina <br />(2) — Installment Financing Agreement <br />(3) — Deed of Trust <br />PUBLIC HEARING A public hearing was held on August 20, 2012 <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION Approve attached Resolution as presented <br />