Laserfiche WebLink
CABARRUS COUNTY <br />BOARD OF COUNTY COMMISSIONERS <br /> <br />Meeting Date 8/17/98 <br /> <br />Agenda Item # ~'~- ~ <br /> <br />SUBJECT: <br /> <br />Financing for the Tourism Authority to Purchase Land for a Public Exhibition/Civic <br /> Center <br /> <br />It is proposed that the County lend approximately $2 million to the Tourism Authori(y at a 5.75 <br />percent fixed interest rate to purchase land at King's Grant for a future public exhibition/civic <br />center. <br /> <br />REQUESTED ACTION: Authorize the County Manager and Deputy Coun(y Manager for <br />Administration to proceed with finalizing a formal legal agreement with the Tourism/luthorityfor <br />the County to finance approximately $2 million for the purchase of land at King's Grant, the <br />proposed future site for a public exhibition/civic center, at a 5. 75 percent fixed interest rate. <br /> <br />Attachments x Yes <br /> <br />Submitted by: <br />Recommendations/Comments: <br /> <br />Signature <br /> <br />Expected Length of Presentation <br /> <br />Date <br /> <br />Has this been reviewed by the Budget Director? Yes <br />If yes, Budget Director's Recommendations/Comments: <br /> <br />No <br /> <br />__Not Required <br /> <br />Approved ~ Budget Amendment Necessary ~ If so, Attached <br /> <br />Signature Date <br /> <br />County Manager's Recommendations/Commen. ts: ~ . / <br />Ready for Clerk to Place on Agenda Manager's I <br /> <br /> <br />