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<br />CABARRUS COUNTY <br />4~}S ~~U <br />~4 ~~ ~=~. <br />,~~ `~~~ BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />*: <br />c~```~ APRIL 20 2009 <br />6:30 P.M. <br /> <br /> <br />' AGENDA CATEGORY: <br />New Business <br />' SUBJECT: <br />Finance -Resolution Approving Installment Contract Financing for Various <br />Public School Projects in an Aggregate Principal Amount up to <br />$117,000,000 <br />' BRIEF SUMMARY: <br />The Board of County Commissioners has approved the issuance of <br />Certificates of Participation (COPS) for the funding of Various Public <br />School Projects in January 2009 and held a Public Hearing on this issue <br />in February 2009. The next required step in the financing is the approval <br />of the attached Resolution approving the Installment Contract Financing in <br />an amount not to exceed $117,000,000. The COPS are scheduled for <br />' issuance in May subject to approval by the Local Government <br />Commission. <br />REQUESTED ACTION: <br />Motion to adopt the resolution approving Installment Contract Financing <br />for Various Public School Projects in an Aggregate Principal amount up to <br />$117,000,000 and the Execution and delivery by the Cabarrus County <br />Development Corporation of Certificates of Participation related thereto, <br />authorizing the execution and delivery of related documents in connection <br />therewith, and providing for certain other related matters. <br />EXPECTED LENGTH OF PRESENTATION: <br />1 Minute <br />SUBMITTED BY: <br />Pamela S. Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />G-5 Page 264 of 320 <br />