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<br />CABARRUS COUNTY <br />~~s COUP <br />~~ <br />`~~,, BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />~r c~ APRIL 20, 2009 <br />. i <br />6.30 P.M. <br /> <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance -Authorization of Amended and Restated Lease and Agency <br />Agreement Between Cabarrus County and Cabarrus County Schools for <br />the Construction of the Cabarrus County School Bus Maintenance Garage <br />BRIEF SUMMARY: <br />On April 6, 2009 the Cabarrus County Board of Education approved the <br />Amended and Restated Lease and Agency Agreements for the School <br />Bus Maintenance Garage. Title for the property is held by Cabarrus <br />County. The original Lease and Agency agreement was approved by the <br />Cabarrus County Board of Commissioners on August 18, 2008. The <br />original Lease and Agency Agreement are being amended and restated <br />due to changes in the Legal Description of the property. The property is <br />made up of several different parcels. Additional land was added to the <br />parcel, and the legal description and the plats were revised so the land <br />could be combined into one property. The County will hold the title until <br />construction is completed. The Cabarrus County Board of Education will <br />lease the property for $1 per year. <br />REQUESTED ACTION: <br />Motion to approve the Amended and Restated Lease and Agency <br />Agreement between Cabarrus County (Lessor) and the Cabarrus County <br />Board of Education (Lessee) for the School Bus Garage, pending review <br />or revisions by the county attorney and authorize the Chairman to execute <br />the documents on behalf of the Board. <br />EXPECTED LENGTH OF PRESENTATION: ' <br />SUBMITTED BY: <br />Susan B. Fearrington, Assistant Finance Director <br />F-10 Page 130 of 320 <br />