Laserfiche WebLink
CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> MAY 15, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> Finance - CCS Agency Agreement New High School on Weddington <br /> Road <br /> BRIEF SUMMARY: <br /> The attached Cabarrus County Schools (CCS) Agency Agreement, <br /> among other items, allows the County to appoint the Cabarrus Board of <br /> Education as its agent in connection with the construction and equipping <br /> of a new high school. <br /> The Cabarrus Board of Education shall cause the new high school project <br /> to be completed in accordance with the respective construction <br /> documents and any applicable requirements of governmental authorities <br /> and law. The County and Board of Education agree that all amounts <br /> received as refunds of State sales tax, with respect to expenditures made <br /> in connection with the project, will be deposited as funds available for the <br /> acquisition and construction of the project or used to pay debt service on <br /> the installment financing issued to fund this project. Agency Agreement to <br /> be provided at May 15, 2017 meeting. <br /> REQUESTED ACTION: <br /> Motion to approve the Cabarrus County Schools Agency Agreement for <br /> the new high school project, subject to review and revision by the County <br /> Attorney. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> F-1 Page 50 <br />