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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 8/21/06 <br /> <br />Agenda Item # ~ <br /> <br />SUBJECT: <br />Installment Financing Bank Bids for jail Annex and Site Development <br /> <br />BRIEF SUMMARY: <br /> <br />As directed by the Board, staff solicited proposals for the financing of the jail annex and <br />site development for the new Sheriff's office and detention center. Of the 7 bids received, <br />First Charter offered the lowest interest rate. The bid tabulation is attached for your <br />review. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as pt8Sent8d) <br />Approve the attached Resolution for the Installment Contract Financing with First Charter <br />for the Jail Annex Project in the aggregate principal amount of $15,000,000. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 8/16/06 <br /> <br />Budget Amendment Required: 0 Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes 0 No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br /> <br />{in <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />E-'l <br />