Orange County NC Website
Browse       Search
011: <br /> • <br /> WHEREAS, ', the Authority has determined to issue not exceeding <br /> $1,500,000 aggregate principal amount of its industrial develop- <br /> ment revenue bonds to pay all or a portion of the cost of the <br /> acquisition of a tract of land of approximately 20 acres located <br /> 'east of Hillsborough, North Carolina on State Road 1879 or <br /> Elizabeth Brady Road near the intersection of State Road 1879 and <br /> U.S. 70, the construction thereon of an approximately 30,000 <br /> square foot building and the acquisition and installation- therein <br /> of machinery and equipment (the "Industrial Project_" ) , which <br /> Industrial Project is to be owned and operated - by. - <br /> Isotechnologies, Inc. a North Carolina corporation (the <br /> "Company") ; and <br /> WHEREAS, the Authority intends to file an application for <br /> approval of the Industrial . Project with the Secretary of the <br /> Department of Commerce ( the "Department" ) , as required by the <br /> Act; and <br /> WHEREAS, the Department has, by regulation, provided that no <br /> application for approval of a proposed industrial project by the <br /> Department will be officially received until the governing body <br /> of the county from which the application is made has, by <br /> resolution after having held a public hearing, approved the issue <br /> of industrial development revenue bonds and approved the proposed <br /> industrial project and a certified copy of such resolution has <br /> been provided to the Department; and <br /> 5. <br />