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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 />Notification of bond rating from three rating agencies for the Certificates of Participation - <br />2003 issue for school construction. <br /> <br />BRIEF SUMMARY: <br />Governments are required to obtain bond ratings prior to issuing new debt. The three <br />major rating agencies, Moody's, Standard and Poors and Fitch, have all confirmed the <br />county's double A rating. <br /> <br />REQUESTED ACTION: (Suggested motion ff the Board approves the agenda item as presented) <br />None. Report is for information only. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation <br /> <br />Submitted By: Pamela S. Dubois, Finance Director Date: 7/8/03 <br /> <br />Budget Amendment Required: I--] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />E~] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />It is gratifying to see the county's sound fiscal condition confirmed by the experts. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br /> Other [] <br />Denied [] <br /> <br /> <br />