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urrzua ur burl,/C~b I~L:~U~V2>b2~ Feb 10'98 11:06 No,O02 P.02 <br /> <br /> RESOLUTION <br />TO ADDRESS CAPITAL FUNDING DISTRIBUTION <br />FROM THE FEBRUARY 24, 1998 REFERENDUM <br /> <br /> WHEREAS <br />OFFICE OF SUPT./CCS <br /> <br />Citizens residin~ within both the Cnhnm.~ ~,-...,, .... -~ ,~- <br /> TEL:70z]7825623 Feb 10'98 11:06 No.O02 P.02 <br /> <br />WHEREAS <br /> <br />WHEREAS <br /> <br />WHEREAS <br /> <br />THEREFORE <br /> <br />Kannapolis City School Districts will participate in the February <br />24, 1998 Alternative Funding Referendum; and <br /> <br />All Cabarrus County Residents will provide the tax funding arising <br />from a positive referendum vote; and <br /> <br />Both the Cabarrus County Schools and the Kannapolis City <br />Schools have Capital funding needs exceeding their ability to pay; <br />and <br /> <br />it has been the custom of Cabarrus County to award bond <br />proceeds to each administrative unit on a per pupil basis; <br /> <br />We, the members of the Cabarrus County Board of Education, <br />affirm our support for the equitable per pupil distribution between <br />both the Cabarrus County Schools and the Kannapolis City <br />Schools of any proceeds accrued from the One-Cent Additional <br />Sales Tax and the One Percent Real Estate Transfer Fee. <br /> <br />Approved IhL~' ninth day <br />of l,'ebrua~, 1998. <br /> <br />MEMBERS OF THE CABARRUS COUNTY BOARD OF <br />EDUCATION: <br />Grace M. Mynatt, Board Chair <br />L. Don Hoyle, Board Vice-Chair <br />Robert K. "Bob" Andrews <br />Gary A. Hahn <br />L. Don Hoyle <br />Chris Lee <br />G. Tim Lowder <br />Wayne C. Williams <br /> <br /> <br />