Laserfiche WebLink
<br />CABARRUS COUNTY <br />W `~, BOARD OF COMMISSIONERS ' <br />REGULAR MEETING , <br />~~ir, MARCH 16, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Authorization of Lease and Agency Agreement between <br />Cabarrus County and Cabarrus County Schools for the Lower Rocky <br />River Elementary School Site <br />BRIEF SUMMARY: <br />On February 9, 2009, the Cabarrus County Board of Education approved <br />the lease and agency agreement between the School Board and <br />Cabarrus County. Title for the School is held by Cabarrus County. The <br />County will hold the title for twenty years until the debt issued to construct <br />the new facility is retired. The Cabarrus County Board of Education will <br />lease the property for $1 per year for the life of the 20 year lease. <br />REQUESTED ACTION: <br />Motion to approve and authorize the chairman to sign the Lease and <br />Agency Agreement between Cabarrus County (Lessor) and the Cabarrus <br />County Board of Education (Lessee), pending attorney review. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan B. Fearrington, Assistant Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER SRECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. Approval is recommended. <br />F - 9 Page 209 of 286 <br />