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Supervisors approve resolution of intent for industrial development general obligation authority
Summary
At the July 15 meeting the Board approved a resolution of intent to use general obligation authority for industrial development after a presentation from Butler Snow; the motion passed unanimously and was spread on the minutes.
Sue Fairbank, representing law firm Butler Snow, presented a Proposed Resolution of Intent for Industrial Development General Obligation Authority. Supervisor Leroy Brooks moved to approve the resolution; Supervisor Matt Furnari seconded and the Board voted 5-0 to spread the resolution on the minutes, marking the county's formal intent to pursue general obligation authority related to industrial development.
The resolution is recorded in the minutes as Exhibit H; the motion establishes a procedural step rather than an immediate issuance of bonds or borrowing. Further legal and administrative steps would be required before any financing or debt issuance occurs.
