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Meeting Date 4/21/03 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Resolution Relating to Installment Contract Financing for Public School Projects in an <br />Amount Up to $45 Million; the Execution and Delivery by Cabarrus County Development <br />Corporation of Certificates of Participation and Calling Required Public Hearing <br /> <br />BRIEF SUMMARY: <br />The Board has agreed to issue Certificates of Participation in an amount up to $45 Million <br />to finance the construction of a new Bethel Elementary, Pitts School Road Elementary and <br />a new Middle School in Kannapolis. Adoption of the attached Resolution is a required step <br />in that financing process. <br /> <br />REQUESTED ACTION: (Suggested motion If the Board approves the agenda item as presented) <br /> <br />Adopt attached Resolution (includes the scheduling of a public hearing at 6:30 p.m. on <br />May 19) <br /> <br />Attachments [] Yes [] No Expected Length of Presentation none <br /> <br />Submitted By: Pam Dubois, Finance Director Date: 4/10/03 <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 recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br /> <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br /> <br /> <br />