Free Daily Headlines

Legal Ads

Set your text size: A A A

PUBLIC HEARING: LOBS 2025 Detention Center Project Initial Financing Resolution

EXHIBIT A
NOTICE OF PUBLIC HEARING
The Board of Commissioners (the “Board”) of the County of Henderson, North Carolina (the “County”) is considering:

(1) entering into an installment financing contract in an amount not to exceed $100,000,000 (the “Contract”) to (a) finance the renovation and expansion of the County’s existing detention facility (the “Detention Facility”) as part of a County judicial center (the “New Money Project”), and (b) refinance all or a portion of the County’s outstanding installment payment obligations related to an Installment Financing Contract, dated as of August 15, 2015, with the Henderson County Governmental Financing Corporation, the proceeds of which were used to finance the acquisition, construction, and equipping of a health education center (the “Refunded Project” and together with the New Money Project, the “2025 Projects”); and

(2) executing and delivering a Deed of Trust, Security Agreement and Fixture Filing (the “Deed of Trust”) related to the County’s fee simple interest in the real property on which the Detention Facility is located, together with the improvements and fixtures thereon (collectively, the “Mortgaged Property”), as may be required by the entity providing the funds to the County under the Contract.

The Detention Facility is located at 375 First Avenue East, Hendersonville, NC 28792.

The Mortgaged Property identified above will be mortgaged under the Deed of Trust. The Contract and the Deed of Trust permit the County to enter into amendments to finance or refinance additional projects using the Mortgaged Property 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 Deed of Trust and any lien created thereunder will terminate and the County’s title to the Mortgaged Property will be unencumbered.

NOTICE IS HEREBY GIVEN, pursuant to Sections 160A-20 of the General Statutes of North Carolina, that on July 16, 2025 at 9:30 a.m. in the Commissioners’ Meeting Room, Henderson County Historic Courthouse, 1 Historic Courthouse Square, Hendersonville, North Carolina, a public hearing will be conducted concerning the approval of the execution and delivery of the Contract and the 2025 Projects financed and refinanced thereby. All interested parties are invited to present comments thereon at the public hearing.

DENISA A. LAUFFER
Clerk to the Board of Commissioners
County of Henderson, North Carolina

6/25