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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 6/19/06 <br /> <br />Agenda Item # F- 2 J <br /> <br />SUBJECT: <br />Reimbursement of Sheriffs Office and Detention Center cost by Debt Financing <br /> <br />BRIEF SUMMARY: <br /> <br />On December 28, 2004, the Board of Commissioner voted unanimously to borrow <br />$1,744,322 from the County's General Fund for the Sheriffs Office and Detention Center <br />Project and to reimburse the County's Capital Reserve Fund upon financing of the Project. <br />Since the County's practice has been to fund this project to date with current funds and not <br />debt service, we are requesting that this decision be reversed. This will aid in reducing the <br />overall debt service of the project. <br /> <br />REQUESTED ACTION: (Suggested motion If the Board approves the agenda item as presented) <br />Rescend action on reimbursement of December 28, 2004, as attached. <br /> <br />Attachments ~ Yes D No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 4/20/06 <br /> <br />Budget Amendment Required: D Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: D Yes ~ No <br />County Manager's Recommendations/Comments: <br /> <br />This item was approved by the Board for inclusion on the consent agenda. Approval is <br />recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />F- 24- <br />