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5 <br /> NOTICE OF PUBLIC HEARING <br /> CONCERNING A PROPOSED INSTALLMENT PAYMENT <br /> AGREEMENT OF THE COUNTY OF ORANGE, NORTH CAROLINA <br /> TO FINANCE THE CONSTRUCTION AND EQUIPPING OF AN <br /> ELEMENTARY SCHOOL LOCATED IN THE CHAPEL HILL- <br /> CARRBORO SCHOOL DISTRICT. <br /> NOTICE IS HEREBY GIVEN of a public hearing to be held at 7:30 <br /> P.M. on November 19, 1996, at the OWASA Operations Center, 400 Jones <br /> Ferry Road, Carrboro, North Carolina, for the purpose of considering <br /> whether the Board of Commissioners for the County of Orange, North <br /> Carolina should approve a proposed installment payment agreement and <br /> certain related documents under which the County would obtain financing for <br /> the acquisition, construction and equipping of a new elementary school <br /> located in the Chapel Hill-Carrboro City School District, including parking <br /> areas, sidewalks, and other appurtenant facilities, landscaping and other <br /> related site work . <br /> Under the proposed installment payment agreement and related <br /> documents the County would secure the repayment by it of moneys advanced <br /> pursuant to such installment payment agreement by granting a security <br /> interest in the property purchased. <br /> At such public hearing the Board of Commissioners will also consider <br /> whether the County should acquire the site of such project from the Chapel <br /> Hill-Carrboro City Schools to facilitate such financing. <br /> -------------------------- <br /> Beverly A. Blythe . <br /> Clerk to the Board of Commissioners <br /> for the County of Orange, <br /> North Carolina <br />