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CABARRUS COUNTY <br />BOARD OF • • <br />REGULAR MEETING <br />OCTOBER 15, 2012 <br />1 <br />�1 <br />1 <br />' /11 <br />1 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Release Titles of Several Cabarrus County Schools <br />BRIEF SUMMARY: <br />School properties that are county owned during construction in order to <br />achieve sales tax savings and /or as collateral on Certificate of <br />Participation (COPS) or Limited Obligation Bonds (LOBS). <br />Upon retirement of the debts and /or construction of the project, it is the <br />practice of the County to transfer title of such property to the respective <br />school system. <br />The following schools are no longer needed for collateral and sales taxes <br />savings: <br />Carl A Furr Elementary <br />Boger Elementary <br />WR Odell Elementary <br />Weddington Hills Elementary <br />REQUESTED ACTION: <br />Motion to approve transfer of properties below to the Cabarrus County <br />School System: <br />Carl A Furr Elementary <br />Boger Elementary <br />WR Odell Elementary <br />Weddington Hills Elementary <br />F -7 Page 107 <br />