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<br />Passed and adopted this 14th day of May, 2002. <br />Resolution moved by ~'0 .:=Je (..{,.~€~ <br />Seconded by ~ \c,h~ ,0. ~ f~ V'r\CA..h, <br /> <br />V'20020279 <br /> <br />Vote: <br />Scott Arnold: <br />James Eriksen: <br />Richard Hartman: <br />Robert Humiston Jr: <br />W.P'-CBud) Jeffries: <br />Pamela Lancaster: <br />Lonnie Logan: <br /> <br />For L; Against _; Abstained~; Not Present _. <br />For L; Against _; Abstained _; Not Present _. <br />For~; Against _; Abstained~; Not Present _. <br />For~; Against _; Abstained _; Not Present_. <br />For +; Against _; Abstained _; Not Present _. <br />For~; Against _; Abstained _; Not Present_. <br />For X-; Against _; Abstained _; Not Present _. <br /> <br /> <br />~BOARD ~ SUPERVISORS <br /> <br />~4d~ <br />Pamela E. Lancaste , lrman of the Board <br /> <br />COUNTY ATTORNEY - 2a DISCUS AND TAKE ACTION ON EXECUTION OF DEED <br />OF TRUST AND OTHER DOCUMENTS RELATIVE TO THE COUNTY'S GLOBAL <br />INDUSTRIES INDUSTRIAL DEVELOPMENT BONDS SERIES 2000 - County Attorney <br />Jerry Janulewicz stated that Hall County issued $3,000,000.00 Variable Rate Industrial <br />Development Revenue Bonds for Global Industries Inc. and the bonds are secured by a <br />letter of credit from Wells Fargo Bank. Wells Fargo is the trustee and they are <br />requesting to execute a deed of trust on the property to secure the financing. The deed <br />of trust is attached to the resolution. Jerry is requesting that the board authorize the <br />chair to sign the deed of trust on behalf of Global and approve the resolution. Logan <br />made a motion and Jeffries seconded to approve Resolution #02-0037 approve a deed <br />of trust by Global Industries and Hall County to Wells Fargo Credit. Arnold, Eriksen, <br />Hartman, Humiston, Jeffries, Lancaster and Logan all voted yes and none voted no. <br />Motion carried <br /> <br />RESOLUTION #02- () n - ~ 1 <br /> <br />A RESOLUTION APPROVING A DEED OF TRUST TO BE MADE BY GLOBAL INDUSTRIES, <br />INC., ("GLOBAL") AND THE COUNTY OF HALL ("COUNTY") TO WELLS FARGO CREDIT, <br />INC <br /> <br />WHEREAS, The County of Hall issued is $3,000,000 Variable Rate Demand Industrial Development <br />Revenue Bonds (Global Industries, Inc.);and <br /> <br />WHEREAS, Said Bonds were issued pursuant to an indenture of trust and lease agreement; and <br /> <br />WHEREAS, Said bonds are secured primarily by a letter of credit issued by Wells Fargo Bank; and <br /> <br />WHEREAS, the County has been requested by Global Industries, Inc. to execute, together with <br />Global Industries, Inc., a deed of trust to secure financing. <br />