Laserfiche WebLink
CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 11/19/07 Agenda Item # G'3 <br />SUBJECT: <br />Resolution Relating to Refinancing of Prior Installment Financing Contracts of Various <br />Public Projects and Calling Required Public Hearing <br />BRIEF SUMMARY: <br />The county's underwriters have advised, given appropriate market conditions, refinancing <br />one or more installment financing contracts to realize long-term debt payment savings. <br />Should the market conditions change so as not provide savings from the refinancing, then <br />the County will not take this action. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to approve the Resolution Relating to Refinancing of Prior Installment Contract <br />Financing of Various Public Projects in an Aggregate Principal amount up to $82,500,000; <br />and The Execution and Delivery by the Cabarrus County Development Corporation of one <br />or more series of Certificates of Participation Related thereto and schedule the Required <br />Public Hearing for December 17, 2007. <br />Attachments ^X Yes ^ No Expected Length of Presentation 1 Minute <br />Submitted By: Pamela S. Dubois, Deputy County Manager .Date: 11/2/07 <br />Name I Job Title <br />Budget Amendment Required: ^ Yes ^X No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^X No <br />County Manager's Recommendations/Comments: <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 />-3 <br />