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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 7/21/03 Agenda Item Cf ~'- ~ <br /> <br />SUBJECT: <br />Capital Project Ordinance for the construction of three schools and additions at two <br />schools. <br /> <br />BRIEF SUMMARY: <br /> <br />The attached Capital Project Ordinance is for the construction of one middle school, two <br />elementary schools, and additions at two elementary schools. The construction will be <br />financed through the sale of up to $45,000,000 in Certificates of Participation, a <br />$4,131,754 contribution from Rowan County, and a $820,000 contribution from Kannapolis <br />City Schools. <br /> <br />REQUESTED ACTION: (Suggested motion ff the Board approves the agenda item as presented) <br /> <br />Approve Capital Project Ordinance and related budget amendment. <br /> <br />Attachments [] Yes ~--J No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: Susan Fearrington, Assistant Finance Director Date: 7/8/03 <br /> <br />Budget Amendment Required: [] Yes [] No <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval required to begin school construction projects. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br /> <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />