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Thereupon, the Board of Commissioners determined to proceed <br /> with the proposed financing of such project and to approve one or <br /> more installment payment agreements and certain related documents <br /> with respect thereto with provisions pubstantially as proposed by <br /> Nati.onsBank, N.A. in its proposal dated June 21, 1996 . <br /> Thereupon, the Chairman of the Board of Commissioners <br /> announced that the public hearing was closed. <br /> Thereupon, Commissioner Carey introduced the following <br /> resolution, a copy of which had been provided to each Commissioner <br /> and which was read by title: <br /> RESOLIJTION APPROVING ONE OR MORE PROPOSED <br /> AGREEMENTS CONCERNING THE ACQUISITION AND <br /> IMPROVEMENT OF PROPERTY FOR A SKILL <br /> DEVELOPMENT CENTER, APPROVING CERTAIN OTHER <br /> DOCUMEN'T'S AND ACTIONS RELATING THERETO AND <br /> AUT14ORIZING1 CERTAIN ACTIONS IN CONNECTION <br /> THEREWITH <br /> WHEREAS, the County of Orange, North Carolina, a political <br /> subdivision of the State of North Carolina (the "County") , has <br /> previously approved a plan for the acquisition, improvement and <br /> financing of a project to provide for employment education in the <br /> County as hereinafter described; and <br /> WHEREAS, such project consists of the purchase of property, <br /> including existing buildings and parking facilities, located at <br /> 501-503 West Franklin Street, Chapel Hill, .North Carolina, and the <br /> improvement of such property, for the purpose of operating a one- <br /> ,stop Skill Development Center for services such ao information, <br /> assessment, referral and training for citizens seeking access to <br /> 338160.1, 3 <br />