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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />`* 1 <br />11 FEBRUARY 18, 2013 <br />1 <br />AGENDA CATEGORY: <br />Reports <br />SUBJECT: <br />Finance - Release Titles of Several Cabarrus County Schools (WR Odell <br />Elementary School) <br />BRIEF SUMMARY: <br />On October 15, 2012, a request was made to release the titles of four <br />schools that were no longer needed for collateral or sales tax savings. <br />One of the schools to be released, WR Odell Elementary, cannot be <br />released at this time because the land where the school presides is the <br />same land where Harris Road Middle School presides. The county still <br />has outstanding debt on the construction of Harris Road Middle School. <br />Therefore, the county will not be transferring title for WR Odell Elementary <br />School as approved until the debt is retired. <br />REQUESTED ACTION: <br />For informational purposes. No action required. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela S. Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No <br />1 -3 Page 187 <br />