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• 33 <br /> It was requested that the Clerk to the Board inquire to <br /> determine whether there were any persons who wished to speak at the <br /> public hearing. The names and addresses of the persons who were <br /> present and who offered comments on the proposed issuance of the <br /> industrial development revenue bonds to finance the Project and a <br /> summary of their comments are listed on Exhibit B. <br /> After the Board had heard all persons who had requested <br /> to be heard, Commissioner moved that <br /> the public hearing be closed. The motion was seconded by <br /> Commissioner and was unanimously adopted. <br /> Thereupon, Commissioner introduced the <br /> following resolution, a copy of which had been distributed to each <br /> Commissioner and the title of which appeared on the agenda: <br /> RESOLUTION APPROVING IN PRINCIPLE THE <br /> RESTRUCTURING OF THE $5,200,000 ORANGE COUNTY <br /> INDUSTRIAL FACILITIES AND POLLUTION CONTROL <br /> FINANCING AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE <br /> BONDS (MEBANE PACKAGING CORPORATION PROJECT) <br /> SERIES 1990 <br /> BE IT RESOLVED by the Board as follows: <br /> Section 1. The proposed restructuring of the $5,200,000 <br /> Orange County Industrial Facilities and Pollution Control Financing <br /> Authority Industrial Development Revenue Bonds (Mebane Packaging <br /> Corporation Project) Series 1990 (the "Bonds") to (a) extend the <br /> maturity date for the Bonds until January 1, 2006 and (b) change <br /> the schedule of principal amortization for the Bonds is hereby <br /> approved in principle. <br /> Section 2 . This resolution shall take effect <br /> immediately upon its passage. <br /> Commissioner moved passage of the <br /> foregoing resolution. Commissioner seconded the <br /> motion, and the resolution was passed by the following vote: <br /> Ayes: Commissioners <br /> Noes: Commissioners <br /> Abstaining: <br /> a <br /> G3E6197.0h45-01034 <br /> .2- <br />