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November 15, 2004 Page 679 commissioner Privette moved for passage of the foregoing resolution, Vice Chairman Suggs seconded the motion and the resolution was passed by the following vote: Ayes: Commissioners Privette, Carpenter and Carruth, Vice Chairman Suggs and Chairman Freeman Nays: None * * * Commissioner Privette then introduced the following resolution the title of which was read: Resolution No. 2004-44 RESOLUTION CERTIFYING AND DECLARING RESULTS OF 2004 REFERENDUM ON CABARRUS COUNTY GENERAL OBLIGATION COMMUNITY COLLEGE BONDS AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, the Board of Commissioners for Cabarrus County (the UBoard") desires to certify and declare the results of the referendum held on November 2, 2004 with respect to the authorization of the proposed $3,100,000 General Obligation Community College Bonds; NOW, THEREFORE, the Board does the following: BE IT RESOLVED by the Board of Commissioners for Cabarrus County: 1. The Board hereby certifies and declares the results of the referendum held on November 2, 2004, with respect to the proposed $3,100,000 General Obligation Community College Bonds of Cabarrus County, to be 32,220 votes UFor" approval of the Bond Order and 21,316 votes UAgainst" approval of the Bond Order. 2. The affirmative votes of a received, the Board hereby certifies entitled uORDER AUTHORIZING $3,100,000 BONDS" is now in effect. majority of those voting having been and declares that the Bond Order GENERAL OBLIGATION COMMUNITY COLLEGE 3. The Clerk to this Board shall cause the statement attached as Exhibit B to be published in The Independent Tribune and filed in the Clerk's office. 4. This resolution shall take effect immediately. Commissioner Privette moved for passage of the foregoing resolution, Vice Chairman Suggs seconded the motion and the resolution was passed by the following vote: Ayes: Commissioners Privette, Carpenter and Carruth, Vice Chairman Suggs and Chairman Freeman Nays: None * * * EXHIBIT A RESULT OF REFERENDUM ON $94,900,000 CABARRUS COUNTY GENERAL OBLIGATION SCHOOL BONDS The result of the referendum held on November 2, 2004 in Cabarrus County, North Carolina (the uCounty") on the issuance by the County of general obligation school bonds in an aggregate principal amount not to exceed $94,900,000 for the purpose of providing funds, with any other available funds, for erecting additional school buildings and other school plant facilities, replacing, remodeling, enlarging and reconstructing existing school buildings and other school plant facilities and acquiring any necessary land, rights-of-way, furnishings and equipment therefor, including computers, in order to provide such school facilities in said County as required by section 2 of Article IX of the Constitution, was 33,732 votes UFor" approval of the Bond Order and 21,528 votes uAgainst" approval of the Bond Order adopted by the Board of said County with respect to such school bonds. Any action or proceeding challenging the regularity or validity of this bond referendum must be begun within 30 days after November __, 2004. CABARRUS COUNTY BOARD OF COMMISSIONERS [Insert date of publication]