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437 <br /> <br /> Chairman Lentz asked that Commissioners Melvin and Moss bring a <br />recommendation back to the Board regarding the disposition of the Ambulance <br />Service Substation property. <br /> Commissioner Melvin reported that an interim policy for future water <br />hookups was being prepared. This policy which will provide for 70 percent <br />funding by the residents and 30 percent funding by the County will be pre- <br />sented to the Board at a later date. <br /> Mr. Blair D. Bennett, Finance Director, reported that Wachovia Bank and <br />Trust, N.A., had formally extended its commitment to structure an $8,500,000 <br />bank loan financing lease for Cabarrus County for the construction of an <br />administrative complex from July 1 to July 20, 1988. <br /> Chairman Lentz recessed the meeting until 7:00 P.M. at which time the <br />Board will meet at the Holiday Inn in Concord to consider applicants for the <br />position of County Manager. <br /> Chairman Lentz reconvened the meeting at 7:00 P.M. at the Holiday Inn. <br /> In the absence of the Clerk to the Board, the minutes for the remainder <br />of the meeting were recorded by Commissioner Melvin. <br /> UPON MOTION of Chairman Lentz, seconded by Commissioner Payne and <br />unanimously carried, the Board moved to go into Executive Session to consider <br />applicants for the position of County Manager. <br /> UPON MOTION of Commissioner Moss, seconded by Commissioner Hamby and <br />unanimously carried, the Executive Session was terminated. No action was taken by the Board. <br /> There being no further business to come before the Board, the meeting <br />was adjourned. <br /> <br />Clerk to the Board <br /> <br /> <br />