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CABARRUS COUNTY <br />REGULAR MEETING <br />1 <br />�A CAI �l� DE 1 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />BOC - New Odell Grades 3 -5 Elementary School Agency Agreement and <br />Title Transfer <br />BRIEF SUMMARY: <br />The title for the Odell Grades 3 -5 Elementary School property is currently <br />in the name of Cabarrus County Schools. Attached is a Special Warranty <br />Deed where the Board of Education (BOE) would transfer the title to the <br />"Old Odell School" property to the BOC. By having the title of this property <br />in the name of the county, the project (construction and outfitting of the <br />new school) will receive sales tax reimbursements from the state. <br />The Agency Agreement, among other items, allows for the County to <br />appoint the BOE as its agent in connection with the construction of the <br />Odell Grades 3 -5 Elementary School Project. The BOE shall cause the <br />Project to be completed in accordance with the respective construction <br />documents and any applicable requirements of governmental authorities <br />and law. The County and the BOE agree that all amounts received as <br />refunds of State sales tax, with respect to expenditures made in <br />connection with the Project, will be deposited as funds available for the <br />acquisition and construction of the Project. The BOE has the title transfer <br />and the Agency Agreement for this site on its December agenda. <br />REQUESTED ACTION: <br />Motion to approve the Odell Grades 3 -5 Elementary School Agency <br />Agreement, subject to review /revisions by the County Attorney. <br />Motion to approve the receipt of the property title transfer. <br />F -6 Page 130 <br />