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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 11/19/07 Agenda Item # G <br />SUBJECT: <br />Public Hearing for Installment Financing Contracts (G.S. 160A-20) for Cox Mill High School <br />Project, Partial Funding of Critical Need School Projects & Housing Unit for Law <br />Enforcement Complex <br />BRIEF SUMMARY: <br />The Board of Commissioners have taken steps to enter into one or more long-term <br />installment financing contracts with the Cabarrus County Development Corporation, not <br />exceeding $145 million, (collectively, the "Contracts") to finance all or a portion of the costs <br />of acquiring real property, constructing, renovating and equipping Public School facilities <br />and Law Enforcement Facilities, various real and personal property improvements related <br />to the foregoing (collectively the "Project") and secure the repayment by the County of <br />moneys advanced pursuant to an installment financing. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Conduct a public hearing required by G.S. 160A-20 on installment financing contracts for <br />the project described above, and as indicated in the attachement. No further action is <br />required at this time. <br />Attachments ^X Yes ^ No Expected Length of Presentation 5 Minutes <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 11/1/07 <br />Budget Amendment Required: ^ Yes ^X No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^X No <br />County Manager's RecommendationslComments: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />