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ICASARRUSCOU I <br /> <br />CAROLINA <br /> <br />November 9, 1999 <br /> <br />Mr. Dick Smith-Overman <br />N.C. Housing Finance Agency <br />3801 Lake Boone Trail <br />Suite 200 <br />Raleigh, NC 27607-2962 <br /> <br />RE: Bonding / Honesty and Fidelity Insurance Coverage <br /> <br />Dear Mr. Overman: <br /> <br />Cabarrus County maintains a self-insurance fund in an amount adequate to provide <br />honesty and fidelity coverage equal to 50% of the URP funding allocation. We will <br />notify the NCHFA in writing if the self-insurance is discontinued or reduced to a level <br />that no longer provides the required 50% coverage. <br /> <br />Sincerely, <br /> <br />Blair D. Bennett <br />Deputy County Manager <br /> <br />BDB/bwp <br /> <br /> Department of Aging <br /> <br />NC28026-~0¥,~ (704) 788-gSg9 · FaxlTO4~TS~-984~ <br /> <br /> <br />