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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> MARCH 20, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> Finance - Resolution Declaring Official Intent to Reimburse Expenditures <br /> with Proceeds of Debt Pursuant to U. S. Department of Treasury <br /> Regulations <br /> BRIEF SUMMARY: <br /> It is requested that the County advance its own funds to pay certain <br /> original expenditures associated with the purchase of a warehouse <br /> located at 2011 Hwy 49 and 2031 Hwy 49, Concord, NC. Approval of the <br /> attached resolution will allow the County to pay the original expenditures <br /> from the Capital Reserve Fund and then reimburse itself for the <br /> expenditures with the proceeds of the debt to be incurred by the County <br /> for the 2017 Limited Obligation Bonds. <br /> REQUESTED ACTION: <br /> Motion to adopt the reimbursement resolution, authorize the Chairman to <br /> sign the reimbursement agreement and authorize the Finance Director to <br /> prepare the appropriate budget revision and related Project Ordinances <br /> for the Hwy 49 warehouse purchase <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Susan Fearrington, Finance Director <br /> BUDGET AMENDMENT REQUIRED: <br /> Yes <br /> F-6 Page 96 <br />