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the maximum principal amount of debt to be incurred with respect to the School Projects is <br /> expected to be $110,585,000. <br /> (e) All Original Expenditures to be reimbursed by the County were paid no <br /> more than 60 days prior to, or will be paid on or after the date of, this declaration of official <br /> intent. The County understands that such reimbursement must occur not later than 18 months <br /> after the later of (i) the date the Original Expenditure was paid; or (ii) the date the School <br /> Projects were placed in service or abandoned, but in no event more than 3 years after the <br /> Original Expenditure was paid. <br /> 2. This resolution shall take effect immediately. <br /> Commissioner moved to approve the passage of the foregoing resolution <br /> and Commissioner seconded the motion, and the resolution was passed by the <br /> following vote: <br /> Ayes: <br /> Nays: [None.] <br /> Not Voting: [None.] <br /> I, Megan I.E. Smit, Clerk to the Board of Commissioners for the County of Cabarrus, North <br /> Carolina,DO HEREBY CERTIFY that the foregoing is a true copy of so much of the proceedings of said <br /> Board of Commissioners at a regular meeting held on April 18, 2017, as relates in any way to the passage <br /> of the resolutions hereinabove referenced, and that said proceedings are recorded in Minute Book No. <br /> �] of the minutes of said Board of Commissioners,beginning at page and ending at page <br /> I DO HEREBY FURTHER CERTIFY that the schedule of regular meetings of said Board of <br /> Commissioners has been on file in my office pursuant to North Carolina General Statutes §143-318.12 as <br /> of a date not less than seven(7)days before said meeting. <br /> WITNESS my hand and the corporate seal of said County,this 18th day of April,2017. <br /> Clerk to the Board of Commissioners <br /> for the County of Cabarrus,North Carolina <br /> [SEAL] <br /> Attachment number 1 \n <br /> F-4 Page 99 <br />