Orange County NC Website
Browse       Search
26 <br /> (3) The Clerk of the Board of Commissioners is hereby <br /> .j«.` authorized and directed to provide a certified copy of this <br /> resolution to the DECD. <br /> l� <br /> �.::. (4) The Board of County Commissioners hereby requests <br /> F that the State of North Carolina, pursuant to Chapter 588 of <br /> the 1987 North Carolina General Session Laws, or any other <br /> executive order or legislation relating to volume <br /> 3 limitations on tax-exempt financing, allocate to the above- <br /> 'described revenue bonds and Project $5, 500, 000 of "unified <br /> >. volume limitation" (as described in said Session Laws or in <br /> any such other executive order or legislation) , and acknow- <br /> . ledges that any such allocation shall be only for purposes <br /> of said Project and that any portion of such allocation not <br /> utilized in connection with such bonds and Project or which <br /> terminates or expires as provided in said Session Laws will, <br /> without further action, revert to the State of North <br /> Carolina, and there is hereby approved the application by <br /> the Authority for such an allocation. <br /> (5) This. resolution shall take effect immediately upon <br /> } <br /> its passage:' <br /> �. Commissioner Willhoit moved the passage of the <br /> foregoing resolution and Commissioner Marshall seconded the <br /> motion, and the resolution was passed by the following vote: <br /> 6 <br /> AYES: Chairman Carey, Commissioners Hartwell, Marshall and <br /> Willhoit <br /> NAYS: None <br /> 3 <br /> } <br /> t <br /> { <br /> 4 <br />