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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # I=" - q <br /> <br />Meeting Date 5/23/05 <br /> <br />SUBJECT: <br />Certificates of Participation, Series 2002 <br /> <br />BRIEF SUMMARY: <br /> <br />A budget amendment is attached to Increase the COPS II Construction Fund for additional <br />interest income and to make a contribution to the General Fund for the remaining <br />construction budget balances. These funds will be applied towards the semiannual debt <br />payments. This is a requirement of the COPS II financing agreement with Wachovia Bank. <br />This COPS issue was created to build the Cabarrus County School Administration <br />Building, five Auxiliary Gyms and the Cabarrus County Arena and Events Center. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Approve budget amendments <br /> <br />Attachments ~ Yes D No Expected Length of Presentation <br />Submitted By: Susan Fearrington, Asst Finance Director Date: 4/28/05 <br /> <br />Budget Amendment Required: ~ Yes D No <br />Budget Amendment Attached and Reviewed by Budget Officer: DYes D No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />F-Cj <br />