Laserfiche WebLink
<br />1 <br /> <br /> <br />1 <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />FEBRUARY 16, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Finance -Public Hearing -Refinancing or Prior Installment Financing <br />' Contracts of Various Public Projects (G.S. 160A-20) in an Aggregate <br />Principal Amount of Up to $60 Million - 6:30 p.m. <br />' BRIEF SUMMARY: <br />Cabarrus County plans to refinance one or more long-term installment <br />' financing contracts with the Cabarrus County Development Corporation, <br />not to exceed $60 million, (collectively, the "Contracts") to realize long- <br />term savings on debt service payments. If savings from the refinancing <br />are not realized due to changes in market conditions, then the County will <br />not proceed with the refinancing. <br />REQUESTED ACTION: <br />Hold a public hearing as required by G.S. 160A-20 on refinancing or prior <br />' installment financing contracts of various public projects; up to $60 <br />million. No further action is required at this time. <br />EXPECTED LENGTH OF PRESENTATION: <br />1 Minute <br />SUBMITTED BY: <br />' Pamela S. Dubois, Deputy County Manager/Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />' No <br /> <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a~tem# 15 <br />New Business item <br />' ~ G -1 Page 65 of 133 <br />