February 18, 2013 (Regular Meeting)
<br />local improvements for which gross debt (that
<br />is not otherwise deducted) was or is to be
<br />incurred, to the extend it will be applied,
<br />when collected, to the payment of such gross
<br />debt ..................................................................................... ...............................
<br />7. Estimate of special assessments to be levied
<br />for local improvements for which any part of
<br />gross debt (that is not otherwise deducted)
<br />was or is to be incurred, to the extent that
<br />the special assessments'' when collected, will
<br />be applied to the payment of any part of
<br />gross ....................................................................... ...............................
<br />Total Deductions (Sum of 1 through 7)
<br />C. Net Debt being the difference between Total Gross
<br />Debt (A) and Total Deductions ( B) .............. ...............................
<br />Page 1432
<br />$95,580,000
<br />$371,998,893.17
<br />D. Assessed Value of property subject to taxation $18,545,659,802
<br />being the value from which the assessed value was
<br />last fixed for taxation as revealed by the County
<br />tax records and certified' by the County Tax
<br />Supervisor ................................................................................... ...............................
<br />E. Percentage that Net Debt bears to the assessed 2.4
<br />value of property subject to taxation (C= D) ................
<br />I certify the above is correct to Finance Officer's Signature Date
<br />the best of my knowledge /s/ Ann M. Wilson 1/22/2013
<br />Attachment C-
<br />A. 1. Outstanding Debt evidenced by Bonds
<br />Refunding Bonds 2004 3/!15/2004 Schools
<br />18,795,000.00
<br />School Bonds 2005
<br />3/!l/2005
<br />Schools
<br />38,400,000.00
<br />School Bonds 2006
<br />8/31/2006
<br />Schools
<br />38,819,791.65
<br />Community College
<br />2006 8/31/2006
<br />Community College
<br />2,680,208.35
<br />Total GO Bonds
<br />98,695,000.00
<br />A. 4. Outstanding Debt Not Evidenced
<br />by Bonds
<br />COPS, LOBS and Capital
<br />Leases',
<br />COPS -II
<br />8/28/2002'
<br />School Admin and Gyms
<br />325,850.00
<br />COPS -II
<br />8/28/2002'
<br />Arena (Public building)
<br />1,004,250.00
<br />COPS -III
<br />8/1/2003'
<br />Schools
<br />2,040,150.00
<br />COP- Sheriff Admin
<br />2/1/2007
<br />Sheriff Administration Dept
<br />25,195,000.00
<br />COP 2008A
<br />1/31/2008'
<br />Schools
<br />37,530,000.00
<br />COP -2008B
<br />1/31/2008'
<br />Refunding IPRB
<br />10,475,000.00
<br />COP -2008C
<br />11/1/2008',
<br />Jail Housing Unit
<br />52,610,000.00
<br />Wallace Park
<br />12/18/2008',
<br />Park Land Property cap lease
<br />3,036,726.14
<br />Property
<br />COP -2009
<br />7/1/2009
<br />Schools
<br />75,700,000.00
<br />911 Equipment
<br />7/1/2011'
<br />911 Equipment -cap lease
<br />447,167.03
<br />lease
<br />COPS -2010A
<br />9/22/2010
<br />School 2010A refunding
<br />16,820,000.00
<br />COPS 2011A
<br />4/14/2011
<br />Schools
<br />14,635,000.00
<br />LOBS 2011B
<br />8/31/2011
<br />Schools
<br />2,875,075.00
<br />LOBS 2011B
<br />8/31/2011
<br />Public Buildings
<br />8,859,925.00
<br />LOBS 2011C
<br />8/31/2011
<br />Schools
<br />21,750,000.00
<br />Total COPS, LOBS and
<br />Capital Leases
<br />273,303,893.17
<br />Ann M. Wilson, being
<br />duly sworn,
<br />says that she is the Finance
<br />Director of the
<br />County of Cabarrus in
<br />the State
<br />of North Carolina; and that
<br />the foregoing
<br />statement is true and
<br />was made and subscribed by her.
<br />/s/ Ann M. Wilson
<br />Finance Officer
<br />Cabarrus County, North Carolina
<br />Certificate as to Assessed Value of Property
<br />The undersigned, Brent Weisner,' the Tax Assessor for Cabarrus County, North
<br />Carolina, hereby certifies that the assessed value of property subject to
<br />taxation by the County of Cabarrus, North Carolina, is $18,545,659,802, this
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