News Flash

NOTICE OF PUBLIC HEARING 

The Board of Commissioners (the “Board”) of the County of Haywood, North Carolina (the “County”) is considering entering into an installment financing contract (the “Contract”), in a principal amount currently estimated not to exceed $28,500,000, under which the County will make certain installment payments in order to finance (a) renovations and an expansion to the existing County Detention Center to include an approximately 155 new bed expansion, a new security system integrated into the existing detention facility, and other miscellaneous renovations and improvements to the existing detention facility (the “Project”) and (b) costs of entering into the Contract. The Project will be located at 1620 Brown Avenue, Waynesville, North Carolina. 

 In connection with the Contract, the County will secure its obligations under the Contract by a deed of trust (the “Deed of Trust”) that grants a security interest on the site of the Project and the improvements thereon, including the existing Detention Center (the “Mortgaged Property”).  The Contract and the Deed of Trust permit the County to enter into amendments to finance additional projects and refinance projects using the Mortgaged Property as collateral and the County may grant additional collateral in connection with such amendments.  On the County’s payment of all installment payments due under the Contract, including any future amendments to finance or refinance additional projects, the lien created in the Mortgaged Property will terminate and any security interest granted under the Deed of Trust will be released.

NOTICE IS HEREBY GIVEN, pursuant to Sections 160A-20 of the General Statutes of North Carolina, that on February 5, 2024 at 9:00 a.m., or as soon thereafter as practicable, in the Historic Courtroom of the Haywood County Courthouse, 215 N. Main Street, Waynesville, North Carolina 28786, the Board will conduct a public hearing concerning the approval of the execution and delivery of the Contract, the County’s financing of the Project, and the granting of a security interest in the Mortgaged Property.  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.

This the 24^th day of January, 2024.

 /s/   Amy L. Stevens                                         

Clerk to the Board of Commissioners

County of Haywood, North Carolina