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0 0 <br />BOOK 22 PAGE VO <br />The Board of Commissioners for the County of Lee, North Carolina, met in a regular <br />meeting in Courtroom 44 in the Oki Courthouse located at 1408'South Horner Boulevard in <br />Sanford, North Carolina at 7:00 p.m. on June 16, 2008. <br />Present: Chairman Robert 1-1. Brown. oresidine and Commissioners lxwirr keil <br />IPVn~ 17), ~ ernm0aI 6W ~.indi tt di, 6, <br />Absent: <br />Also <br />The Chairman announced that this was the hour and day of the public hearing on the <br />proposed acquisition by the County of Lee, North Carolina (the "County") of the site of J. Glenn <br />Edwards Elementary School pursuant to Section 153A-158.1 of the General Statutes of North <br />Carolina for use by the Lee County Board of Education for school purposes in connection with a <br />proposed installment financing agreement to be entered into by the County pursuant to Section <br />160A-20 of the General Statutes of North Carolina in an amount not to exceed $1,622,021 for the <br />purpose of providing funds, together with any other available funds, to pay the costs of <br />renovating, improving and equipping various public school facilities in the County, including, <br />without limitation, Bragg Street Academy, Broadway Elementary School, Bullock Elementary <br />School, Deep River Elementary School, East Lee Middle School, Floyd L. Knight/Children's <br />Center, Greenwood Elementary School, J. Glenn Edwards Elementary School, J. R. Ingram <br />Elementary School, Lee County Iligh School and West Lee Middle School (collectively, the <br />"Project"). <br />The Chairman acknowledged due publication of a notice of public hearing in a newspaper <br />with general circulation in said County as required by Section 153A-158.1 of the General <br />Statutes of North Carolina and directed the Clerk to the Board to attach the affidavit showing <br />publication in said newspaper on a date at least ten (10) days prior to the date hereof as Exhibit A <br />hereto. <br />The Chairman then announced that the Board of Commissioners would immediately hear <br />anyone who might wish to be heard on the advisability of the proposed acquisition as described <br />above. <br />A list of any persons making comments and a summary of such comments are attached as <br />Exhibit B hereto. <br />r. <br />All statements and comments were duly considered by the Board of Commissioners. <br />