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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 11/20/06 <br /> <br />Agenda Item # E:. - a <br /> <br />SUBJECT: <br />Public Hearing for Installment Financing Contracts (G.S. 160A-20) for Law Enforcement <br />Facilities <br /> <br />BRIEF SUMMARY: <br /> <br />Cabarrus County plans to enter into i) one or more short-term installment financing <br />contract(s) with one or more third parties not exceeding $40 million in the aggregate and <br />(ii) a long-term installment financing contract with a third party, not exceeding $101 million, <br />(collectively, the "Contracts") to finance all or a portion of the costs of acquiring real <br />property, constructing, renovating and equipping law enforcement facilities, various real <br />and personal property improvements related to the foregoing and a portion of the interest <br />to accrue under the Contracts during the construction period (collectively the "Project"). <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Conduct a public hearing required by G.S. 160A-20 on installment financing contracts for <br />the project described above, and as indicated in the attachement. No further action is <br />required at this time. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 11/13/06 <br /> <br />Budget Amendment Required: 0 Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes ~ No <br />County Manager's Recommendations/Comments: <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />E - .l.. <br />