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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />G--:;)..; <br /> <br />Meeting Date 3/21/05 <br /> <br />SUBJECT: <br /> <br />Installment Financing for the Renovations to Rowan Cabarrus Community College (RCCC) <br />Business Center, design and construction of a parking lot on the RCCC South Campus <br />and design cost for RCCC's Building 3000. <br /> <br />BRIEF SUMMARY: <br /> <br />One of the last steps in the Installment Financing process is to hold a public hearing <br />concerning this plan of Financing. Also needed is the adoption of a resolution approving <br />installment contract financing for RCCC projects in an aggregate principal amount up to <br />$4,358,000 and authorizing the execution and delivery of related documents in connection <br />therewith, and providing for certain other related matters. The financing application will go <br />in front of the LGC on April 5, 2005 for final approval. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />1. Hold a Public Hearing concerning the Plan of Financing said named projects listed <br />above. <br />2. Adopt Resolution stated above which will supersede adopted resolution from 2/21/05 <br />agenda. <br /> <br />Attachments ~ Yes D No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 3/8105 <br /> <br />Budget Amendment Required: D Yes ~ No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: D Yes ~ No <br /> <br />County Manager's Recommendations/Comments: <br />Conducting a public hearing and adopting the resolution are required to move forward on <br />these projects. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />G--~ <br />