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the County would secure the repayment by the County of the moneys advanced pursuant' to such <br />contract by granting a security interest in and lien on all or a portion of the Project; <br /> <br /> WHEREAS, North Carolina General Statutes 160A-20, as amended, requires that the <br />Board of Commissioners must hold a public hearing concerning the contract and the transactions <br />contemplated thereby and associated therewith, with notice of said public hearing to be published <br />once at least. 10 days before the date of the public hearing; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: <br /> <br /> Section 1. As required by Section 160A-20 of the North Carolina General Statutes, as <br />amended, a public hearing shall be held by the Board of Commissioners on July 22, 2002 at 6:30 <br />p.m., or as soon thereafter as practicable, in the Commissioner's Meeting Room in the Cabarrus <br />County Governmental Center in Concord, North Carolina, concerning the proposed execution of <br />an installment financing contract and related documents, the proposed financing of the Project <br />and any other transactions associated therewith. The Clerk to the Board of Commissioners is <br />directed to cause a notice of such public hearing, substantially in the form attached hereto as <br />Exhibit A, to be published once in a qualified newspaper of general circulation within the County <br />not less than 10 days prior to said public hearing. <br /> <br /> Section 2. The appropriate officers of the County are hereby authorized and directed to <br />do any and all things necessary, appropriate or convenient to effectuate the foregoing. <br /> <br /> Section 3. This resolution shall become effective immediately upon its adoption. <br /> <br /> Thereupon, upon motion of Commissioner ., seconded by <br /> <br />Commissioner ., the foregoing resolution entitled "RESOLUTION <br /> <br />CALLING REQUIRED PUBLIC HEARING RELATING TO INSTALLMENT CONTRACT <br />FINANCING FOR PUBLIC IMPROVEMENT PROJECTS IN AN AGGREGATE PRINCIPAL <br />AMOUNT UP TO $30,000,000 AND THE EXECUTION AND. DELIVERY BY THE <br />CABARRUS COUNTY DEVELOPMENT CORPORATION OF CERTIFICATES OF <br />PARTICIPATION RELATED THERETO" was adopted and passed by the following vote: <br /> <br />AYES: <br /> <br /> <br />