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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />¢ TN eA BO <br />O 1 <br />� / <br />1 P .M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Finance - Resolution Approving Installment Contract Financing for Various <br />Public School Projects Up to $112,000,000 <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 school projects on December 14, 2015 and held a public hearing on <br />the issue on January 19, 2016. <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 $112,000,000. The LOBS are scheduled for <br />issuance in March 2016, 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 School Projects in an Aggregate Principal Amount up to <br />$112,000,000 and the 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 122 <br />