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'I �� exceeding a re ate principal <br /> ( the "Authority" ) of not exceed g 94 9 P P <br /> amount of its industrial development revenue bonds to pay all or <br /> a portion of the cost of the acquisition of a tract of land of <br /> approximately 20 acres located, east of Hillsborough, North <br /> Carolina on State Road 1879 or Elizabeth Brady Road near the <br /> intersection of State Road •1879 and U.S. 70, the construction <br /> thereon of an approximately 30,000 square foot building and the <br /> acquisition and installation therein of machinery and equipment <br /> ( the "Industrial Project" ) . The Industrial Project is to be <br /> owned and operated by Isotechnologies, Inc. , a North Carolina <br /> corporation the "Company" ) . <br /> The Chairman stated that the Authority had adopted a <br /> resolution expressing its intention to issue industrial <br /> development revenue bonds and authorizing the execution and <br /> ;`. <br /> delivery of a memorandum of agreement pertaining to the financing <br /> of the Industrial Project for the Company. The Chairman then <br /> submitted copies of the resolution and the memorandum of <br /> agreement to the Board. <br /> The Clerk to the Board presented affidavits showing <br /> publication in the newspapers on the dates detailed on Schedule A <br /> of notice of the public hearing. The Chairman directed that the <br /> affidavits of publication be attached to this extract of minutes <br /> as Exhibit A. <br /> The Chairman requested that the Clerk to the Board inquire <br /> elsewhere in and around the Commissioners' Meeting Room to <br /> 4 <br /> 2. <br />