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NORTH CAROLINA MUNICIPAL COUNCIL, INC. <br /> <br />INCORPORATED NOT FOR PROFIT <br />264 RALEIGH BUILDING - P,O, BOX 1391 <br />RALEIGH, NORTH CAROLINA 27602-1391 <br />PHONE {919) 832-1474 - FAX (919) 832-5143 <br /> <br /> DIRECTORS <br />WILLIAM F. MARSHALL, Chairman <br /> <br />J. ANTHONY POSTHAUER, Vice-Chairman <br /> <br />EUGENE P. CAHALAN <br /> <br />DEBORAH J. COLLINS <br /> <br />JOHN A. 0RAWBAUGH <br /> <br />TIMOTHY A. JACKSON <br /> <br /> OFFICERS <br />TONY L BLALOCK, President <br /> <br />JOHN W. BLACKWELL, JR., Vice President <br /> <br />TIMOTHY A. JACKSON, Secretaw <br /> <br />JOHN A. DRAWBAUGH, Treaaurer <br /> <br />LOGAN V. PRATT, Chalrmsn Emeritus <br /> <br /> DIRECTORS <br />R. THOMAS LAING <br /> <br />KENNETH G. LEONCZYK <br /> <br />JONATHAN L. PEELER <br /> <br />ROBERT F. MILLIKAN <br /> <br />JOHN P. ROBERTS <br /> <br />March 20, 1996 <br /> <br />Mr. Blair D. Bennett <br />Finance Director <br />Cabarrus County <br />Govt. Ctr. - 65 Church St., SE <br />Box 707 <br />Concord, NC 28025 <br /> <br />Dear Blair: <br /> <br /> We are pleased to forward the new Municipal Council Report and Rating on Cabarrus County for <br />your records. <br /> <br /> I regret that it took so long for us to complete the review on the County and the municipalities <br />within. But the numbers of new issues being sold through the Local Government Commission has <br />monopolized our time beyond expectation. <br /> <br /> As you will notice, the County's rating remained at 87 which is comparable to a "Double A" <br />rating by the national firms. We recognized the sound financial operations of the County, the growth <br />and diversity in the local and regional economy, and the adequate cash and investment balances~ ~ <br /> <br /> We are very appreciative of yourtaking the time to provide the necessary information for our <br />review. Shtndd you have any questions, please do not hesitate to call us. <br /> <br />Sincerely, <br /> <br />Tony L.~aloalock <br /> President <br /> <br />TLB:eyb <br />Enclosure <br /> <br /> <br />