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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR <br />JULY 18 2016 <br />• <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Lottery Funding Request for Two School Roof Projects and <br />Additional Renovation Funding <br />BRIEF SUMMARY: <br />Staff shared a history of lottery revenues and expenditures at the April 4, <br />2016 Board of Commissioner's work session. Currently, $1,600,000 in <br />lottery funds are unallocated and available for one -time projects. As a <br />result of discussions with Cabarrus County Schools (CCS) and <br />Kannapolis City Schools (KCS), County Management and Finance <br />propose to use the lottery funds to assist with the construction of Mount <br />Pleasant Middle School and Kannapolis Middle School. <br />By using the lottery funding for the two schools, it releases Capital <br />Reserve Funding that was originally allocated for the construction of those <br />schools. The available Capital Reserve Funds could then be used for roof <br />projects at Concord Middle School roof and Harrisburg Elementary School <br />as well as renovations at Kannapolis Intermediate School (Carver <br />Elementary) for KCS. <br />REQUESTED ACTION: <br />Motion to approve Lottery Applications for Cabarrus County Schools <br />($1,500,000) and Kannapolis City Schools ($100,000) and authorize <br />the Chairman to execute the applications. <br />Motion to approve Project Ordinances and related budget amendments <br />for the Public School Building Capital Project Fund (Fd 320), the School <br />Construction Debt Capital Project Fund (Fd 368), the Capital Reserve <br />Fund (Fd 450), and the School Construction Capital Project Fund (Fd <br />F -5 Page 50 <br />