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AG 2015 12 14
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AG 2015 12 14
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Last modified
12/15/2015 4:02:00 PM
Creation date
11/27/2017 10:40:27 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/14/2015
Board
Board of Commissioners
Meeting Type
Regular
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CABARRUS COUNTY <br />BOARD OF • • <br />REGULAR <br />DECEMBER 14, 2015 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Resolutions Declaring Official Intent to Reimburse Expenditures <br />with Proceeds of Debt Pursuant to U. S. Department of Treasury <br />Regulations <br />BRIEF SUMMARY: <br />It is requested that the County advance its own funds to pay certain <br />original expenditures associated with the new Mount Pleasant Middle <br />School and Kannapolis Middle School projects. Approval of the attached <br />resolutions will allow the County to pay the original expenditures and then <br />reimburse itself for the expenditures with the proceeds of the debt to be <br />incurred by the County for the 2016 Limited Obligation Bonds. <br />REQUESTED ACTION: <br />Motion to adopt the resolutions and authorize the Chairman to sign the <br />reimbursement agreements for Mount Pleasant Middle and Kannapolis <br />Middle Schools. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan B. Fearrington, Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />F -6 Page 229 <br />
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