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Meeting Date 2/16/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Approval of Resolution Authorizing the Filing of an Application for approval of a financing <br />agreement authorized by North Carolina General Statute 160A-20 <br /> <br />BRIEF SUMMARY: <br />On January 31,2004 the board discussed the critical needs at Rowan-Cabarrus <br />Community College (RCCC) and the importance of this educational resource to the <br />immediate economic welfare of the community. Commissioner Carpenter motioned to <br />borrow money to pay for an additional parking lot at RCCC's south campus, renovations <br />and equipment for the new business center at the old school administration building, and <br />design fees for a third building on the south campus. Commissioners voted unanimously to <br />secure a loan. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Approve the attached resolution to initiate the process of financing the critical needs at <br />RCCC. <br /> <br />Attachments [] Yes [~ No Expected Length of Presentation <br /> <br />Submitted By: Pamela S. Dubois, Finance Director Date: 2/9/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is required to begin the financing process approved by the Board of <br />Commissioners on January 31 st. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br /> <br />f-. /ur <br /> <br /> <br />