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Meeting Date 5/17/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item <br /> <br />SUBJECT: <br />$32,855,000 General Obligation Bond Refunding <br /> <br />BRIEF SUMMARY: <br />A budget amendment is required to account for funds received from the $32,855,000 <br />General Obligation Bond Refunding. The bond closing costs were financed in the <br />refunding issue. These newly appropriated funds will be used for the payment of attorney <br />fees, rating agency fees and a payment to the NC State Treasurer. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Approve budget amendment <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 2 minutes <br /> <br />Submitted By: Susan Fearrington, Asst. Finance Director Date: 4/15/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />Yes <br /> <br />[] No <br /> <br />County Manager's Recommendations/Comments: <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />