AG 2005 03 21 - Laserfiche WebLink

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the interest component of said Installment Payments being includable in gross income for purposes of federal income taxation. Section 7. On February 21, 2005, the Board of Commissioners adopted a resolution entitled "RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF AN INSTALLMENT PURCHASE CONTRACT WITH RBC CENTURA BANK TO FINANCE THE ACQUISITION OF RENOVATION OF THE ROWAN CABARRUS COMMUNITY COLLEGE BUSINESS CENTER, DESIGN AND CONSTRUCTION OF A PARKING LOT AT THE RCCC SOUTH CAMPUS, AND DESIGN COSTS FOR RCCC'S BUILDING 3000, FOR USE BY THE COUNTY OF CABARRUS, NORTH CAROLINA, AUTHORIZING THE EXECUTION AND DELIVERY OF RELATED INSTRUMENTS, AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH" relating to the foregoing matters. Said resolution dated February 21, 2005 is hereby superseded in its entirety by the adoption of this Resolution, which shall govern all matters referenced in this resolution. Section 8. On February 16, 2004, the Board of Cornmissioners adopted Resolution No. 2004-08 entitled "RESOLUTION AUTHORIZING THE FILING OF AN APPLICATION FOR APPROVAL OF A FINANCING AGREEMENT AUTHORIZED BY NORTH CAROLINA GENERAL STATUTE 160A-20," a copy of with is attached to this Resolution, in which the Board of Cornmissioners approved the filing of an application with the North Carolina Local Government Commission for the financing described in said resolution and also make certain findings of fact related to the proposed financing. By adoption of this Resolution, the Board of Cornmissioners does hereby ratify and reaffirm all matters set forth in said Resolution No. 2004- 08 including, without limitation, all findings of fact set forth in said Resolution No. 2004-08, to the same extent as if set forth in this Resolution. &;, ';)J 8