1980 - 05-19-80 Regular Meeting - Laserfiche WebLink

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~ ~oo~ 9 ~rs~ 69~ asking the Johnston-Lee Community Action Program to refund any rent heretofore collected from non-profit day care organizations for the use of the facility furnish- ed by Lee County, and to allow any future use by such organization rent free. Commissioner Lila P. Nielsen seconded the motion and upon a vote, it was unani- mously adopted. The budget request for the Vocational Rehabilitation Department was given tentative approval , upon motion of Commissioner Lila P. Nielsen, seconded by Commissioner Clyde J. Rhyne, which motion was unanimously adopted upon a vote. Upon motion of Commissioner Clyde J. Rhyne, duly seconded and unanimously adopted, it was resolved to direct the Vocational Rehabilitation Depart- ment to give a report on its activities to the Board. A representative of The Lee County Industrial Facilities and Pollution Control Financing Authority appeared before the Board and advised the Board of the Authority's adoption of a Resolution expressing its intention to issue industrial development revenue bonds and authorizing the execution and delivery of an inducement agreement pertaining to the financing of an industrial project for William H. Rorer, Inc. The representative delivered a copy of the Resolution and the Inducement Agreement to the Board, including the project description set forth therein. A discussion of the project took place. Commissioner Clyde J. Rhyne 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 WHEREAS', the Authority is authorized under the Industrial and Pollution Control Facilities Financing Act, Chapter 159C of the General Statutes of North Carolina, as amended (the "Act"), to issue revenue bonds for the purpose, among others, of paying all or any part of the cost of any industrial project for industry; to acquire, construct, improve and equip any such project; and to make and execute agreements, security documents and other contracts and instruments necessary or convenient in the exercise of such powers; and WHEREAS, the Authority has determined to issue its industrial development revenue bonds to pay all or a portion of the costs of the acquisition, construction and installation of industrial facilities in Lee County for the production of pharmaceutical products by William H. Rorer, Inc. , including the acquisition of land and equip- ment and the construction of buildings (the "Project"); and WHEREAS, the Authority intends to file officially an application for approval of the Project with the Secre- tary of the Department of Commerce (the "Department"), as required by the Act; and