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not better than. the existing loan. If the County chooses the installment purchase and considers <br /> acceptance of a proposal from NationsBank, a public hearing must be held on the proposed <br /> financing plan in order to comply with statutory and LGC requirements. Notice of the public <br /> hearing must be advertised at least ten days prior to the date fixed for the hearing. The LGC would <br /> consider the County's application after the public hearing on December 1. The private placement <br /> option would be subject to approval by the LGC at their last scheduled meeting for 1997, which is <br /> on December 2. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the installment <br /> purchase option; adopt the resolution; establish the public hearing date for December 1, 1997; and <br /> authorize the Clerk to advertise the public hearing notice. <br />