AG 2002 10 21 (Regular) - Laserfiche WebLink

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CAPITAL PROJECT ORDINANCE BE IT ORDAINED, by the Board of County Commissioners of the County of Cabarrus, North Carolina, that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section 1. The project authorized is the construction of a new school administration building and new gym facilities at 5 schools to be financed by the sale of certificates of participation (COPS) and with additional funding being provided from other funding sources of the County. Section 2. The officers of this unit are hereby directed to proceed with this capital project within the terms of the COPS resolution and the budget contained herein. Section 3. project: The following amount is appropriated for the School Administration Building 5 School Gym Facilities $ 4,097,500.00 $ 2,500,000.00 Section 4. The following revenues are anticipated to be available to complete this project: Proceeds from certificates of Participation $ 6,597,000.00 Section 5. The Finance Officer is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the terms of the COPS resolution. Section 6. Funds may be advanced from the General Fund for the purpose of making payments as due. Reimbursement requests should be made to the grantor agency in an orderly and timely manner. Section 7. The Finance Officer is directed to report, on a monthly basis, on the financial status of each project element in Section 3 and on the total revenues received or claimed. Section 8. Copies of this capital project ordinance shall be furnished to the Clerk to the Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Adopted this 21st day of October, 2002. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: Robert Freeman, Chair ATTEST: Clerk to the Board