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ADDITION <br />CABARRUS COUNTY <br />V11 BOARD OF COMMISSIONERS <br />r• <br />REGULAR <br />AUGUST 15, 1 <br />1 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />CCS - Request for Closing Costs for Purchase of New High School <br />Property <br />BRIEF SUMMARY: <br />Cabarrus County Schools (CCS) requested $4,600,000 to purchase land <br />for the new high school off Weddington Road. Closing costs were not <br />included in the purchase price of the land. It is requested to fund closing <br />costs in an amount not -to- exceed $15,000 per estimates by the CCS <br />Board of Education's attorney. <br />REQUESTED ACTION: <br />Motion to approve the funding request. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Kelly Kluttz, CCS, Chief Financial Officer <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />G -2 Page 175 <br />