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Commissioners set public hearings for March 19

Cabarrus County Board of Commissioners

March 15, 2018 -- The Cabarrus County Board of Commissioners set two public hearings for short-term installment financing contracts and a proposed ordinance revision.

The hearings will take place in the Board of Commissioners' Meeting Room, located on the second floor of the Cabarrus County Governmental Center, 65 Church Street SE, Concord.

Public hearing announcements for the Cabarrus County Board of Commissioners. 

The official public notices of the March 19 hearing read: 

CABARRUS COUNTY
BOARD OF COMMISSIONERS
NOTICE OF PUBLIC HEARING
MARCH 19, 2018– 6:30 P.M

NOTICE IS HEREBY GIVEN that the Board of County Commissioners (the “Board”) of the County of Cabarrus, North Carolina (the “County”), will conduct a public hearing on March 19, 2018 concerning the execution and delivery of (a) one or more short-term installment financing contract(s) with one or more third parties and (b) one or more long-term installment financing contract(s) with one or more third parties (collectively, the “Contracts”) to finance all or a portion of the costs of (i) acquiring, constructing and equipping new public school facilities and expanding, rehabilitating, renovating and equipping existing public school facilities, including but not limited to, one new elementary school and numerous mobile units, (ii)constructing and equipping new community college facilities and expanding, rehabilitating, renovating and equipping existing community college facilities for Rowan-Cabarrus Community College (“RCCC”), including but not limited to, the Advanced Technology Center, (iii) the acquisition of numerous parcels of real property for either the County or RCCC, including all improvements located thereon, if any, (iv) the acquisition of any necessary rights-of-way and easements related to each of the foregoing and (v) various real and personal property improvements related to each of the foregoing (collectively, the “Projects”).

The plan of financing for the Projects involves (i) the entry by the County into one or more short-term installment financing contract(s) with one or more third parties who will provide the County with up to $55,000,000 pursuant to the terms of the short-term installment financing contract(s), which amounts will be used to provide interim financing for the Projects pending execution and delivery of one or more long-term financing contract(s) and (ii) the entry by the County into one or more long-term installment financing contract(s) with one or more third parties who will provide the County with up to $55,000,000 pursuant to the terms of said one or more long-term installment financing contract(s), which amounts will be applied to provide long-term financing for the Projects.  The County’s obligations to any third party supplying short-term or long-term financing are authorized by North Carolina General Statutes §160A-20 and will be secured by a lien upon or security interest in all or some portion of the Projects or in all or some portion of the real property on which the Projects will be located.

The obligations of the County under the Contracts will not be deemed to be a pledge of the faith and credit of the County within the meaning of any constitutional debt limitation and the Contracts will not directly or indirectly or contingently obligate the County to make any payments beyond those appropriated in the sole discretion of the County for any fiscal year in which the Contracts are in effect.  No deficiency judgment may be rendered against the County in any action for breach of the Contracts and the taxing power of the County is not and may not be pledged directly or indirectly or contingently to secure any moneys due under the Contracts.

PLEASE TAKE NOTICE THAT THE BOARD WILL HOLD A PUBLIC HEARING CONCERNING THE PLAN OF FINANCING AT 6:30 P.M., or as soon thereafter as the hearing can be held, ON MONDAY, MARCH 19, 2018, IN THE COMMISSIONERS’ MEETING ROOM IN THE CABARRUS COUNTY GOVERNMENTAL CENTER, CONCORD, NORTH CAROLINA, AT WHICH ANY PERSON MAY BE HEARD CONCERNING THE PLAN OF FINANCING.  ANY PERSON WISHING TO COMMENT IN WRITING ON THE PLAN OF FINANCING MAY DO SO BY DELIVERING SUCH COMMENTS TO THE UNDERSIGNED AT 65 CHURCH STREET SE, CONCORD, NORTH CAROLINA, 28026, WITHIN 5 DAYS FROM THE DATE OF PUBLICATION OF THIS NOTICE.

If reasonable accommodations are needed to participate in the public hearing, please contact the ADA Coordinator at 704-920-2100 at least 48 hours prior to the public hearing.

Terri Lea Hugie, Clerk to the Board
Cabarrus County Board of Commissioners
March 4, 2018

CABARRUS COUNTY BOARD OF COMMISSIONERS
 NOTICE OF PUBLIC HEARING 
MARCH 19, 2018– 6:30 P.M

Notice is hereby given that the Cabarrus County Board of Commissioners will hold a public hearing at 6:30 p.m. (or as soon thereafter as persons may be heard) on Monday, March 19, 2018 in the Board of Commissioners’ Meeting Room located on the second floor of the Cabarrus County Governmental Center, 65 Church Street S, Concord, North Carolina to consider revisions to Chapter 34, Fire Prevention and Protection of the Cabarrus County Code of Ordinances.

Inquiries regarding the proposed revisions may be made to the Fire Marshal’s Office at 704-920-2143.

If reasonable accommodations are needed for the public hearing, please contact the ADA Coordinator at 704-920-2100 at least 48 hours prior to the public hearing.

Terri Lea Hugie, Clerk to the Board
Cabarrus County Board of Commissioners
Posted March 7, 2018

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