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AG 2009 04 20
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AG 2009 04 20
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Last modified
2/5/2010 12:34:24 PM
Creation date
11/27/2017 11:25:12 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/5/2010
Board
Board of Commissioners
Meeting Type
Regular
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<br /> <br /> <br />1 <br /> <br /> <br /> <br /> <br />EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF <br />THE COUNTY OF CABARRUS, NORTH CAROLINA <br />The Board of Commissioners for the County of Cabarrus, North Carolina, met in regular <br />session in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in <br />Concord, North Carolina, the regular place of meeting, at 6:30 p.m., on April 20, 2009, with <br />Chairman, presiding. The following Commissioners were: <br />PRESENT: <br />ABSENT: <br />ALSO PRESENT: <br />* * * * * * * * * * <br />RESOLUTION APPROVING INSTALLMENT CONTRACT FINANCING <br />FOR VARIOUS PUBLIC SCHOOL PROJECTS IN AN AGGREGATE <br />PRINCIPAL AMOUNT UP TO $117,000,000 AND THE EXECUTION AND <br />DELIVERY BY THE CABARRUS COUNTY DEVELOPMENT <br />CORPORATION OF CERTIFICATES OF PARTICIPATION RELATED <br />THERETO, AUTHORIZING THE EXECUTION AND DELIVERY OF <br />RELATED DOCUMENTS IN CONNECTION THEREWITH, AND <br />PROVIDING FOR CERTAIN OTHER RELATED MATTERS <br />WHEREAS, the Board of Commissioners desires to approve a proposed plan of <br />financing in an aggregate principal amount of up to $117,000,000, which plan would involve the <br />entry by the County into an installment financing contract with the Cabarrus County <br />Development Corporation (the "Corporation") pursuant to North Carolina General Statutes <br />160A-20, as amended, the proceeds of which would be used to pay all or a portion of the costs of <br />(a) acquiring real property, (b) constructing and equipping new public school facilities and <br />G-5 <br />Attachment number 1 <br />Page 266 of 320 <br />
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