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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 # F - 5 <br /> <br />SUBJECT: <br />Resolution Providing for the Issuance of $48,000,000 School Bonds, Series 2006. This is <br />the final sale of the $98 million GO Bond referenda. <br /> <br />BRIEF SUMMARY: <br /> <br />On November 2, 2004, voters approved General Obligation Bond referenda for Public <br />Schools and the Community College. The first series of bonds was issued on March 8, <br />2005. To meet cash-flow requirements, the final series of bonds is scheduled for issue in <br />September 2006 . The attached resolution must be adopted to proceed with the bond sale. <br /> <br />REQUESTED ACTION: (Suggested motion ffthe BoatrJ apptOVe8 the agenda item as presented) <br />Adopt the resolution. <br /> <br />Attachments 1&1 Yes D No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 8/7/06 <br /> <br />Budget Amendment Required: DYes 1&1 No <br />Budget Amendment Attached and Reviewed by Budget Officer: D Yes ~ No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is required to meet financial obligations associated with current school <br />construction projects. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />F-5 <br />