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<br />EXHIBIT B <br /> <br />RESULT OF REFERENDUM ON $3,100,000 <br />CABARRUS COUNTY GENERAL OBLIGATION COMMUNITY COLLEGE BONDS <br /> <br />The result of the referendum held on November 2, 2004 in Cabarrus County, North Carolina (the <br />"County") on the issuance by the County of general obligation school bonds in an aggregate principal <br />amount not to exceed $3,100,000 for the purpose of providing funds, with any other available funds, for <br />erecting an additional educational building and related improvements for Rowan-Cabarrus Community <br />College and acquiring furnishings and equipment therefor, including computers, was 32,220 votes "For" <br /> <br />approval of the Bond Order and 21,316 votes "Against" approval of the Bond Order adopted by the Board <br />of said County with respect to such community college bonds. <br />Any action or proceeding challenging the regularity or validity of this bond referendum must be <br />begun within 30 days after November -'--' 2004. <br /> <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> <br />[Insert date of publication] <br /> <br />c.~3 <br />