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660 Highway 29 North <br />PO Box 388 <br />Concord, NC 28026.0388 <br /> <br />ZountySchools <br /> <br />704.786.6191 <br />704.786.6141 fax <br />704.375.0596 Charlotte <br /> <br />July 22, 1997 <br /> <br />Mr. Blair Bennett, Finance Director <br />Cabarrus County <br />P. O. Box 707 <br />Concord. NC 2802B-0707 <br /> <br />Dear Blair: <br /> <br />In accordance with our previous conversations, we wish to communicate action by <br />our school board relative to the local bond projects. At a recent meeting of the <br />Cabarrus County School Board, the Board voted to take the Tier I $3 million <br />designated for future middle/high school land purchases and match it with State <br />bond funding to build two new elementary schools from our Tier II projects. <br /> <br />One elementary school will be built on the same property as the new Concord Middle <br />School. The other elementary school will be built in the Harrisburg community to <br />replace the existing school. <br /> <br />It is the intent of the Board to replace the $3 million in subsequent years by use of <br />proceeds from the sale of the existing Harrisburg School property, and/or revenues <br />generated by a local option sales tax, if approved. <br /> <br /> If any additional information is needed, please let us know. <br /> <br />~'i ' .~G~e~/ne ooroan, CPA <br /> Finance Officer <br /> <br />HGJ:bwb <br />cc: Mrs. Grace Mynatt <br /> Dr. Winkler <br /> <br />An Equal <br />OpportuniO' Emplo. l~r <br /> <br />(bond~ennett2) <br /> <br /> <br />