Laserfiche WebLink
<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # F - I ?... <br /> <br />Meeting Date 3/21/05 <br /> <br />SUBJECT: <br />$98 Million School Bond Construction Fund <br /> <br />BRIEF SUMMARY: <br /> <br />The attached project ordinance establishes a budget for the construction and renovations <br />of schools for the Cabarrus County and Kannapolis City School Systems and the Rowan <br />Cabarrus Community College. These expenditures are funded by the sale of $98 million <br />in General Obligation Bonds. $50 million of the bonds were sold and funds were made <br />available on 3-8-05. <br />The remaining $48 million will be sold in approximately 12 to 16 months. <br /> <br />REQUESTED ACTION: (Suggested motion Hthe Board approves the agenda item as presented) <br />Approve Project Ordinance and Budget Amendment <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br /> <br />Submitted By: Susan B. Fearrington, Asst. Finance Director Date: 3/8/05 <br /> <br />Name / Job Title <br /> <br />Budget Amendment Required: ~ Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes 0 No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is required to begin spending the bond proceeds. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />F.J~ <br />