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Meeting Date 6/16/03 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Resolution Relating to Refinancing of General Obligation Bonds Issued in 1992, 1993, and <br />1997 in the amount up to $69,610,000;Cailing of a Required Public Hearing <br /> <br />BRIEF SUMMARY: <br />The county may take advantage of current Iow interest rates by refinancing outstanding <br />GO bonds. The resulting savings on debt service over the remaining term of the debt will <br />be considerable. Adoption of the attached Resolution is a required step towards the <br />refinancing. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Adopt attached Resolution (includes the scheduling of a public hearing at 6:30 p.m. on July <br />21) <br /> <br />Attachments [] Yes E~ No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: Pamela S. Dubois, Finance Director Date: 6/6/03 <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 />Approved [ ] Deferred [ ] <br /> Other [] <br />Denied [] <br /> <br /> <br />