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Meeting Date 7/21/03 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Refunding of General Obligation Bonds Issued in 1992,1993, and 1997. <br /> <br />BRIEF SUMMARY: <br />Cabarrus County is in a position to refinance the 1992,1993, and 1997 GO bonds to take <br />advantage of lower interest rates. Savings could be considerable. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />(a) Conduct a public hearing on the refunding of the 1992, 1993, and 1997 GO Bonds. <br />(b) Adopt bond order for refunding of 1992, 1993, and 1997 GO Bonds. <br />('c) Adopt attached sale resolution approving refunding of GO Bonds for 1992 and 1993. <br /> <br />Steve Cordell, County Bond Attorney, will present information on this matter. <br /> <br />Attachments [] Yes I---I No Expected Length of Presentation 2 minutes <br /> <br />Submitted By: Susan Fearrington, Assistant Finance Director Date: 7/8/03 <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 />Approval is recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br /> <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />