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CABARRUS COUNTY <br />BOARD OF COUNTY COMMISSIONERS <br /> <br />Meeting Date June 20, 1994 <br /> <br />Agenda Item # ,-~ <br /> <br />SUBJECT: Resolution authorizing the filing of an application for approval <br />of a financing agreement authorized by NC General Statute 160A-20 - for <br />the completion of the Coddle Creek Reservoir <br /> <br />REQUESTED ACTION: <br /> <br />(A) Conduct public hearing at 7:00 P.M. <br />(B) Accept low bid from First Citizens with an interest rate <br /> of 4.58% for 7 years <br />(C) Adopt Resolution authorizing filing of application for <br /> approval of financing agreement <br />(D) Authorize Chairman to execute finalized lease agreements <br /> upon closing of the loan. <br /> <br />Attachments x Yes No <br /> <br />Expected Length of Presentation N/A <br /> <br />Has this been reviewed by the Budget Director? Yes __ <br />If yes, Budget Director's Recommendations/Comments: <br /> <br />No x Not Required <br /> <br />Approved __ Budget Amendment Necessary __ <br /> <br />If so, Attached <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Ready for Clerk to Place on Agenda __ <br /> <br />Mgr's lnitials/~ <br /> <br /> <br />