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Meeting Date 8116/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Certificates of Participation, Sedes 2002 <br /> <br />BRIEF SUMMARY: <br />It is necessary to appropriate additional interest income earned in the COPS II <br />Construction Fund for transfer to the General Fund. These funds will be applied towards <br />the semiannual debt payment. This is a requirement of the COPS II financing agreement <br />with SouthTrust Bank. <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 <br /> <br />Submitted By: Susan Fearrington, Asst Finance Director Date: 7/29~04 <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 /> <br />Approval is required as provided in the financing agreement. <br /> <br />ManageCs Signature <br /> <br />Action Taken: <br />Approved [] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />