MINUTES OF THE BOARD OF

COUNTY COMMISSIONERS MEETING

October 7, 2003

            The Board of County Commissioners for Cecil County met in special session in their office at 107 North Street, Elkton, Maryland on Tuesday, October 7, 2003.  The following members of the Board were present:

            Nelson K. Bolender, President

            Phyllis Kilby, Vice-President

            Harry A. Hepbron, Commissioner

            William C. Manlove, Commissioner

            Mark H. Guns, Commissioner

Constituting a full Board.

The meeting was called to order by President Bolender at 2:30 p.m.

-          RESOLUTION  - CECIL COUNTY CONSOLIDATED PUBLIC IMPROVEMENT AND REFUNDING BONDS OF 2003 -  

Motion was made by Commissioner Hepbron, seconded by Commissioner Guns and unanimously carried to approve a Resolution relative to the award of Consolidated Public Improvement and Refunding Bonds of 2003 in the amount of $21,140,000 to Ferris, Baker, Watts, Inc., with a true interest cost of 3.543 to 9%.

A copy of the Resolution is incorporated as part of these minutes.