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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 11/19/07 Agenda Item # E-\ <br />SUBJECT: <br />Tax Increment Financing (TIF) -Interlocal Agreement <br />BRIEF SUMMARY: <br />Staff met with the County's bond counsel and underwriter on November 13 to review <br />comments from Kannapolis' bond counsel pertaining to the Interlocal Agreement (IA). The <br />final version of the IA was not available at the time of Agenda distribution. The County's <br />bond counsel and underwritier will prepare a resolution identifiying the County's <br />responsibilites for the Board's consideration. Both documents will be provided to the Board <br />prior to the meeting and reviewed at the meeting. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Review Interlocal Agreement and adopt resolution. <br />Attachments <br />^ Yes ^X No <br />Expected Length of Presentation 10 Minutes <br />Date: 11/8/07 <br />Submitted By: John Day, County Manager <br />Name /Job Title <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's RecommendationslComments: <br />This item was approved by the board for inclusion on the Agenda as a New Busines item. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />E-~ <br />