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ADDITION <br />CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />' ThC CAR''�f } + � 1 JULY 18 1 <br />1 <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />CCS - Funding Request for 108 Acres on Weddington Road <br />BRIEF SUMMARY: <br />Cabarrus County Schools (CCS) is requesting funding for the purchase of <br />108 acres on Weddington Road in the amount of $4.6 million. According <br />to N.C.G.S. 115C- 426(f), a school board may not execute a contract to <br />purchase a site or make any expenditure for it without the county <br />commissioner's approval as to the amount to be spent on the site. <br />Funding is available for the purchase of this site. <br />REQUESTED ACTION: <br />Motion to approve the purchase of 108 acres Weddington Road in the <br />amount of $4,600,000. <br />EXPECTED LENGTH OF PRESENTATION: <br />10 Minutes <br />SUBMITTED BY: <br />Tim Lowder, CCS, Executive Director of Operations <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />G -2 Page 115 <br />