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<br />Orange County, North Carolina -- Notice of Public Hearing <br />Financing for Triangle SportsPlex Acquisition <br />The Board of Commissioners of Orange County, North <br />Carolina, will hold a public hearing on Tuesday, October 18, 2005, at <br />7:30 p.m, (or as soon thereafter as the matter may be heard). The <br />purpose of the hearing is to take public comment concerning a <br />proposed financing contract, under which the County would borrow <br />approximately $6,000,000 to pay for the acquisition of and <br />improvements to the Triangle SportsPlex facility, located on Dan Kidd <br />Drive in Hillsborough, North Carolina, The County may also use <br />additional financing proceeds to provide required reserves and pay <br />financing costs. <br />The hearing will be held in the Board's regular meeting room in <br />the County's Southern Human Services Center, 2501 Homestead <br />Road, Chapel Hill, North Carolina. <br />The proposed financing would be secured by a lien on the <br />SportsPlex facility (and its associated land) and the County's promise <br />to repay the financing, but there would be no recourse against the <br />County or its property (other than the pledged facility and the <br />associated land) if there were a default on the financing. <br />All interested persons will be heard. The County's plans are <br />subject to change based on the comments received at the public <br />hearing and the Board's subsequent discussion and consideration. <br />The Gounty's entering into the financing is subject to obtaining <br />approval from the North Carolina Local Government Commission, <br />Persons wishing to make written comments in advance of the <br />hearing or wishing mare information concerning the subject of the <br />hearing may contact Kenneth T. Chavious, Finance Officer, Orange <br />County, Post Office Box 8181, Hillsborough, NC 27278 (telephone <br />919/245-2453 ), <br />