NOTICE OF
PUBLIC HEARING
The Board of Commissioners (the “Board”) of the County of Henderson, North Carolina (the “County”) is considering authorizing the County to proceed with entering into an installment financing contract (the “Contract”) in a principal amount not to exceed $3,000,000, under which the County will make certain installment payments, to (a) pay the capital costs of constructing new sewer lines to provide gravity sewer service to Fletcher Academy and Park Ridge Hospital (the “Project”) and (b) pay the costs related to the execution and delivery of the Contract. In connection with the Contract, the County will enter into a security agreement (the “Security Agreement”) under which the County will grant a security interest in the Project for the benefit of the entity, or its assigns, providing the funds to the County under the Contract. The Contract and the Security Agreement will permit the County to enter into amendments to refinance the Project and finance additional projects using the Project as collateral and the County may or may not grant additional collateral in connection with such amendments. On payment by the County of all installment payments due under the Contract, including any future amendments to finance or refinance projects, the lien created by the Security Agreement will terminate and the County’s ownership interest in the Project will be unencumbered.

Any person wishing to comment in writing on the proposed execution and delivery of the Contract and the nature and location of the Project should do so within 10 days after the date of publication of this notice to the Finance Director of the County, Henderson County Historic Courthouse, 113 North Main Street, Hendersonville, North Carolina 28792, Attention: Finance Director.

NOTICE IS HEREBY GIVEN, pursuant to Sections 160A-20 of the General Statutes of North Carolina, that on September 4, 2018 at 5:30 p.m. in the Commissioners’ Meeting Room, Henderson County Historic Courthouse, 1 Historic Courthouse Square, Hendersonville, North Carolina 28792, a public hearing will be conducted concerning the approval of the execution and delivery of the Contract and the County’s the acquisition, construction and equipping of the Project. All interested parties are invited to present comments at the public hearing regarding the execution and delivery of the Contract and the Project to be financed thereby.

/s/ Teresa Wilson
Clerk to the Board of Commissioners
County of Henderson, North Carolina
Published: August 22 2018

8/22/18