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CABARRUS COUNTY <br /> Post Off icc Box 'fO'/ <br /> CONCORD, NORTH CAROLINA 2802~5 <br /> <br /> MEMORANDUM <br /> <br /> TO: Board of Commissioners <br /> Charles O. McGInnis, County Menegar <br /> <br /> FROM: Blair D. Bennett, Finance Director <br /> DATE: November 26, 1966 <br /> SUBJECT: Bond Proceeding <br /> <br />During a recant meeting in Raleigh with the Local Government <br />Commission, the initial steps outlining the procees for <br />approval and Issuance of general obligation bonds for the <br />Coddle Creek project was discussed. The Commissioners have <br />et their lest meeting call.a.d, f_or & referendum requiring <br />voter approval.on May tg,-1967 .for :these. bonds. In order <br />expedite the proceee.ao that we may meet--ell--the deadlines <br />required, there ere.several :Items requiring Commlesloners' <br />approval. <br /> <br />The eelaction.~of various bond:counsels wee diecussed with <br />the Local Government-Commission. Cebarrus Count.y has used <br />the New.-Yorki~irm-of Brown,* Wood, Ivey, Mitchell and Petty <br />for previous bond issues. Because of the importance of · <br />f *r~ w!th..natio:pal racognlti0n, which Is very important for <br />marketing the bonds, It Is recommended that we retain this <br />firm for bond counsel. <br /> <br />Also the Commissioners should designate a representative of <br />'C&berrua County to file the appiicptloB for approval of the' <br />bonds ~ith the Local Government Commission and es · contact <br />person with regard to any problems arising during <br />authorization end sale of the bonds, it is requested that I <br />be ag designated to carry out these procedures. <br /> <br />Finally, the Commissioners should approve · consulting <br />angineer~.for the project. Based on the thorough knowledge <br />of Caberrus County relating from other similar water <br />projects, the firm of Hen~ingson, Durham end Richardson <br />should be highly considered. <br /> <br />These matters would be appropriate for the next earliest <br />agenda. <br /> <br />ca <br /> <br /> <br />