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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # p- 2{P <br /> <br />Meeting Date 6/19/06 <br /> <br />SUBJECT: <br />Revised Project Ordinance for the $98 Million General Obligation School Bonds <br /> <br />BRIEF SUMMARY: <br />Two changes are suggested to the Capital Project Ordinance of the $98 Million General <br />Obligation School Bonds. Section 10 of the Capital Project Ordinance has been revised to <br />give the County Manager authority to transfer amounts between contingency funds only <br />after appropriate change orders have been approved by the school systems. Section 10 <br />item d. has been removed. Per discussion with our Bond Attorney, this requirement for <br />Commissioner approval of change orders is not applicable for GO Bonds. A Revised <br />Ordinance with the changes highlighted has been attached for your approval. <br /> <br />REQUESTED ACTION: (Suggested motion "the Board aPfNOves the agenda item 88 preSMted) <br />Approve the revised Project Ordinances for the $98 Million General Obligation School <br />Bond Fund. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br /> <br />Submitted By: Susan Fearrington, Asst. Finance Director Date: 5/30/06 <br />Name / Job Title <br /> <br />Budget Amendment Required: 0 Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes 0 No <br /> <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 /> <br />Action Taken: <br />Approved [J <br />Denied [ ) <br /> <br />DefetTed [J <br />Other [ ] <br /> <br />F- 2t.o <br />