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AG 2017 08 21
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AG 2017 08 21
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Last modified
8/24/2017 4:41:15 PM
Creation date
11/27/2017 10:29:54 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/21/2017
Board
Board of Commissioners
Meeting Type
Regular
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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> AUGUST 21 , 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> New Business <br /> SUBJECT: <br /> Finance - Resolution Approving Installment Contract Financing for Various <br /> Public Projects Up to $128,105,000 <br /> BRIEF SUMMARY: <br /> The Board of County Commissioners has preliminarily approved the <br /> issuance of Limited Obligation Bonds (LOBS) for the funding of various <br /> public projects on April 18, 2017 and held a public hearing on the issue on <br /> May 15, 2017. <br /> The next required step in the financing is the final approval by adoption of <br /> the attached Resolution approving the installment contract financing in an <br /> amount not-to-exceed $128,105,000. The LOBS are scheduled for <br /> issuance in November 2017, subject to approval by the Local Government <br /> Commission. <br /> REQUESTED ACTION: <br /> Motion to adopt the Resolution Approving Installment Contract Financing <br /> for Various Public Projects in an Aggregate Principal Amount up to <br /> $128,105,000 and Execution and Delivery by the Cabarrus County <br /> Development Corporation of Limited Obligation Bonds Related thereto, <br /> Authorizing the Execution and Delivery of Related Documents in <br /> Connection therewith, and Providing for Certain other Related Matters. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> 5 Minutes <br /> SUBMITTED BY: <br /> G-4 Page 237 <br />
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