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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 12/17/07 <br />Agenda Item # ~ ' ~ <br />SUBJECT: <br />Public Hearing for Refinancing of Prior Installment Financing Contracts of Various Public <br />Projects (G.S. 160A-20) <br />BRIEF SUMMARY: <br />Cabarrus County plans to refinance one or more long-term installment financing contracts <br />with the Cabarrus County Development Corporation, not exceeding $82.5 million, <br />(collectively, the "Contracts") to realize long-term debt payment savings. Should the market <br />conditions change so as not to provide savings from the refinancing, then the County will <br />not take this action. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Conduct a public hearing as required by G.S. 160A-20 on refinancing of prior installment <br />financing contracts of Various Public Projects; up to $82.5 million. No further action is <br />required at this time. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 11/28/07 <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 />_~ <br />