Agenda - 09-04-1990 - Laserfiche WebLink

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3 1 To approve a contract with Orange Family Medical Group, P.A. 2 through June 30, 1991 for a sum of $1,000 per month; and authorize the 3 Chair to sign on behalf of the Board. 4 5 E. JAIL RENOVATYON PROJECT CHANGE ORDER APPROVAL 6 To approve Change Order EC -1 for a total of $33,189.50 which 7 reflects the work to be done to add surveillance equipment for the 8 exterior perimeter of the Jail compound. 9 10 F. INDUSTRIAL BOND APPROVAL FOR MEBANE PACKAGING 11 To approve the Resolution stated below approving the issuance 12 of the Authority bonds for the Mebane Packaging Corporation Industrial 13 Revenue Bond: 14 15 RESOLUTION APPROVING THE ISSUANCE BY THE ORANGE COUNTY INDUSTRIAL 16 FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY OF ITS 17 INDUSTRIAL DEVELOPMENT REVENUE BONDS ( MEBANE PACKAGING 18 CORPORATION PROJECT) SERIES 1990, IN THE AGGREGATE PRINCIPAL 19 AMOUNT OF $5,200,000 TO FINANCE AN INDUSTRIAL PROJECT FOR MEBANE 20 PACKAGING CORPORATION 21 22 BE IT RESOLVED by the Board of Commissioners for the County of 23 Orange: 24 Section 1. The board of Commissioners has determined and does 25 hereby declare as follows: 26 27 (a) The Board of Commissioners of the Orange County 28 Industrial Facilities and Pollution Control Financing Authority 29 (the "Authority ") will meet on October 5, 1990, and will take the 30 following action in connection with the proposed issuance and 31 sale of the Authority's Industrial Development Revenue Bonds 32 (Mebane Packaging Corporation Project) Series 1990, in the 33 aggregate principal amount of $5,200,000 (hereinafter sometimes 34 called the "Bonds "): 35 (1) authorized the borrowing under and the issuance and 36 performance of the Authority's Industrial Development Revenue 37 Bonds (Mebane Packaging Corporation Project) Series 1990, in 38 the aggregate principal amount of $5,200,000 and direct the 39 execution and delivery of said Bonds; 40 41 (2) approve and authorize the execution, delivery and 42 performance of the Trust Indenture dated as of September 1, 43 1990 (the "Trust Indenture "), from the Authority to Branch 44 Banking & Trust Co. as Trustee (the "Trustee ") providing for 45 the sale of the Bonds; 46 47 (3) approve and authorize the execution, delivery and 48 performance of the Loan Agreement, dated as of September 1, 49 1990, between the Authority and Mebane Packaging Corporation 50 (the "Company ") with the form of the Company's promissory 51 Note dated as of September 1, 1990 (the "Note ") attached as 52 Exhibit "A" thereto;