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i►\ <br />A Cabarrus <br />A County Schools <br />September 19, 2013 <br />Cabarrus County Board of Commissioners <br />P.O. Box 707 <br />Concord, NC 28026 -0707 <br />RE: Furr Elementary School Escrow Funds <br />Dear County Commissioners: <br />4401 Old Airport Road 704- 262 -61233 <br />PO Box 388 704- 262 -6175 fax <br />Concord NC 28026 -0388 <br />Pursuant to Office of the County Manager letter dated September 9, 2013, in which Cabarrus <br />County School System was requested to return monies left in escrow for the Furr Elementary <br />School construction effort, please find an enclosed check for $67,711.74. <br />Our attorney records indicate the original disbursement was made up of $65,000.00 from <br />Portrait Homes- Oxford Commons LLC and $65,000.00 from the Board of Education (Board of <br />Commissioners). The Commissioners' portion is being returned with additional interest earned. <br />It is our Board of Education position that these funds be returned with our strongest <br />recommendation and request that they be directed towards the Central Cabarrus High School <br />artificial turf effort now underway by our greater Cabarrus County Community. <br />We would appreciate your consideration on this request. Please contact Dr. Shepherd with any <br />questions you might have regarding the details of this request. <br />Sincerely, <br />/LrSh Chairman <br />Cabarrus County Board of Education <br />e_ � w <br />Dr. Barry Shepherd, Superintendent <br />Cabarrus County Schools <br />Attachment number 1 <br />G -3 Page 150 <br />