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AG 2017 04 18
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AG 2017 04 18
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Last modified
4/21/2017 2:40:43 PM
Creation date
11/27/2017 10:28:06 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
4/18/2017
Board
Board of Commissioners
Meeting Type
Regular
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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> APRIL 18, 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 new Cabarrus County High <br /> School and new Cabarrus County Performance Learning Center projects. <br /> Approval of the attached resolution will allow the County to pay the <br /> original expenditures and then reimburse itself for the expenditures with <br /> the proceeds of the debt to be incurred by the County for the 2017 Limited <br /> Obligation Bonds. <br /> REQUESTED ACTION: <br /> Motion to adopt the reimbursement resolution and authorize the Chairman <br /> to sign the reimbursement agreement for the New High School and New <br /> Performance Learning Center. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Susan Fearrington, Finance Director <br /> BUDGET AMENDMENT REQUIRED: <br /> No <br /> F-4 Page 96 <br />
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