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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 3/24/08 <br />Agenda Item # F- ~ ~j <br />SUBJECT: <br />North Carolina Education Lottery -Cabarrus County Schools Application <br />BRIEF SUMMARY: <br />An application will be submitted to the Public School Building Capital Fund of North <br />Carolina for expenditures related to the construction of a new Middle School ($1,716,850) <br />and another application for expenditures related to the replacement of Mt. Pleasant Middle <br />School ($1,552,585). The applications total amount ($3,269,435) is budgeted to be <br />received from the Fiscal Year 2007-08 lottery proceeds for Cabarrus County Schools. This <br />request will be considered by the Cabarrus County School Board on 3-10-08. No <br />additional County funds are being requested. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to authorize the Chair to sign the two applications to release the $3,269,435 from <br />the North Carolina Education Lottery Fund. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Susan B. FearringtonlAsst. Finance Director Date: 3/6/08 <br />Name /Job Title <br />Budget Amendment Required: ^ Yes ^X No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />F- [ <br />