AG 2014 05 19 - Laserfiche WebLink

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KANNAPOLIS CITY SCHOOLS BOARD OF EDUCATION RESOLUTION WHEREAS, Kannapolis City Schools has a pressing need for a new Middle School; and WHEREAS, by Resolution in Support of Bond Referendum dated February 10, 2014, the Kannapolis City Schools Board of Education unanimously requested that the Cabarrus County Board of Commissioners place a bond referendum on the November 2014 ballot, to include $31,135,000 for five identified projects including the new Middle School; and WHEREAS, on March 17, 2014, the Cabarrus County Board of Commissioners passed a motion which included the following language: "As part of this motion, we are agreeing to provide short term financing of up to $23 million to Kannapolis City Schools in FY 2015 for a term not to exceed 5 years for its middle school provided that KCS withdraw its Resolution in Support of Bond Referendum by May 31 ". If KCS does make such withdrawal, no other project will be added to the bond project list and the total amount of the bond will be reduced by $23 million." WHEREAS, the Board of Education still considers all five projects listed in its Resolution in Support of Bond Referendum to be critical needs; and WHEREAS, the new Middle School was identified as the highest priority item and is by far the largest item on the Board of Education's Resolution in Support of Bond Referendum, and the Board of Coin missioners' motion passed March 17, 2014, would provide immediate and sure funding for the new Middle School during the upcoming 2014 -15 fiscal year; NOW, THEREFORE, the Kannapolis City Schools Board of Education resolves: 1. To accept the offer of the Cabarrus County Board of Commissioners to provide funds to Kannapolis City Schools in fiscal year 2014 -15 for a new Middle School up to the amount of $23 million; and in reliance thereon, 2. To withdraw the February 10, 2014, Resolution in Support of Bond Referendum. Adopted this 12 i11 day of May, 2014. 2L A/ SEAL Chaff , Board of Education G -5 Page 239