Laserfiche WebLink
Resolution No. 1997-42 <br /> <br />North Carolina <br />Cabarrus County. <br /> RESOLUTION OF THE BOARD OF <br /> COUNTY COMMISSIONERS OF CABARRUS COUNTY <br /> SUPPORTING THE ESTABLISHMENT OF THE <br /> CABARRUS COUNTY DEPARTMENT OF AGING TRUST FUND <br /> <br /> WHEREAS, the Cabarrus County Department of Aging has received $ 3, 115.00 in memorials <br />and/or donations to be used for capital improvements for the Cabarrus County Department of Aging and <br />Senior Center; and <br /> <br /> WHEREAS, the Cabarrus County Department of Aging Advisory Board has voted unanimously <br />to support the establishment of this trust fund and pledged continued support to promote this trust fund; <br />and <br /> <br /> WHEREAS, the Cabarrus County Department of Aging is listed as a beneficiary in the will ora <br />late participant/advocate of our department that is currently in the process of being settled; and <br /> <br />WHEREAS, Cabarrus County agrees to maintain and administer the trust fund. <br /> <br /> NOW THEREFORE; the Board of Commissioners for Cabarrus County does hereby determine <br />and resolve the following: <br /> <br /> 1. The County shall establish the Cabarrus County Department of Aging Trust Fund with <br />the $ 3,115.00 that has been donated to date, <br /> <br /> 2. The funds shall be placed in a separate interest bearing money market account, or <br />similar account, to be maintained and administered by the Cabarrus County Finance Department. <br /> <br /> 3. The principal and interest earned in this trust fund will be utilized for capital <br />improvements for the Cabarrus County Department of Aging and/or SeniOr Center, development and/or <br />expansion of Department of Aging programs or as matching funds for grants that will fund similar <br />projects for the Cabarrus County Department of Aging. <br /> <br /> 4. Appropriation of these funds shall be made by the Cabarrus County Department of Aging <br />Advisory Board with input from their Strategic Planning Sub-committee. <br /> <br /> 5. Should the Cabarrus County Department of Aging Trust Fund be discontinued for any <br />reason, the balance remaining in the trust fund shall be transferred to the Cabarrus County Department <br />of Aging general budget. <br /> <br />Meeting is open session, this the 15th day of December, 1997. <br /> <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> <br />By: <br /> <br />(Chairperson) <br /> <br />ATTEST: <br /> <br /> <br />