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February 1, 2016 (Work Session) Page 2543 of a new public elementary school to replace the existing Royal Oaks Elementary School, including acquisition of necessary land and rights -of -way. (c) The funds heretofore advanced or to be advanced by the County to pay the Original Expenditures are or will be available only on a temporary basis, and do not consist of funds that were otherwise earmarked or intended to be used by the County to permanently finance the Original Expenditures. (d) As of the date hereof, the County reasonably expects that it will reimburse itself for such Original Expenditures with the proceeds of debt to be incurred by the County, and the maximum principal amount of debt to be incurred with respect to the School Project is expected to be $19,770,000. (e) All Original Expenditures to be reimbursed by the County were paid no more than 60 days prior to, or will be paid on or after the date of, this declaration of official intent. The County understands that such reimbursement must occur not later than 18 months after the later of (i) the date the Original Expenditure was paid; or (ii) the date the School Project were placed in service or abandoned, but in no event more than 3 years after the Original Expenditure was paid. 2. This resolution shall take effect immediately. Vice Chairman Diane R. Honeycutt moved to approve the passage of the foregoing resolution and Commissioner Grace M. Mynatt seconded the motion, and the resolution was passed by the following vote: Ayes: [Chairman Stephen M. Morris, Vice Chairman Diane R. Honeycutt and Commissioners Grace M. Mynatt, Elizabeth F. Poole and Lynn W. Shue.J Nays: [None.] Not Voting: [None.] Approval of Regular Meeting Agenda The Board discussed the placement of items on the Agenda. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Shue and unanimously carried, the Board approved the February 15, 2016 Agenda as follows. By the same motion the Board scheduled a public hearing on behalf of the North Carolina Charter Educational foundation, Inc. on the February 15, 2016 regular meeting at 6:30 p.m. (or as soon thereafter as persons may be heard); scheduled a public hearing for the Proposed Amendment to the Code of Ordinances Regarding Electrical Testing Requirement for Unlicensed Individuals on the February 15, 2016 regular meeting at 6 :30 p.m. (or as soon thereafter as persons may be heard); and scheduled a public hearing for the 2016 -2017 HOME Program for the regular meeting on March 21, 2016 at 6:30 p.m. (or as soon thereafter as persons may be heard). Approval or Correction of Minutes • Approval or Correction of Meeting Minutes Recognitions and Presentations • Human Resources - Recognition of Tammy B. Williams on Her Retirement from Cabarrus County EMS • Humane Society Month - February 2016 - Proclamation • Planning and Development- Cabarrus Soil and Water Conservation District - Recognition of Annual Conservation Contest Winners Consent • Clerk - Records Retention - Updated County Sheriff's Retention Schedule • Cooperative Extension - Bonus Match • KCS - North Carolina Department of Public Instruction (NCDPI) Facility Needs Survey • Finance - CCS Agency Agreement - Mount Pleasant Middle School - New Location • Finance - Construction and Demolition Landfill Budget Amendment • NCACC - Resolutions of Support