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May 21, 2007 (Regular Meeting) Page 373
<br />WHEREAS, representatives of the Department of Transportation in
<br />accordance with North Carolina General Statute 136-94.8 met with the Board of
<br />County Commissioners at a regular meeting of the Board on May 21, 2007, at
<br />6:30 p.m. in the Commissioners' Meeting Room at the Cabarrus County
<br />Governmental Center in Concord, North Carolina, in order to present to and
<br />discuss with the Board and other citizens present the proposed 2007-2006
<br />Secondary roads Program; and
<br />WHEREAS, North Carolina General Statute 136-94.8 provides that the
<br />Board of County Commissioners, after the presentation and discussion of the
<br />annual Secondary Road Program, may concur with the program as proposed.
<br />NOW, THEREFORE, BE IT RESOLVED by the Cabarrus County Board of
<br />Commissioners that said Board does concur with the 2007-2008 Secondary Roads
<br />Construction Program as presented by the North Carolina Department of
<br />Transportation and does recommend that the board of Transportation adopt the
<br />proposed program for Cabarrus County.
<br />Adopted this 21st day of May, 2007
<br />By: /s/ Robert W. Carruth
<br />Robert W. Carruth, Chairman
<br />Board of Commissioners
<br />Attest:
<br />/s/ Kay Honeycutt
<br />Kay Honeycutt, Clerk to the Board
<br />(G-6) New Northwest Area High School - Land Purohaa® S Installment Financing
<br />Pam Dubois, Deputy County Manager, reported this request includes the
<br />purchase of land and to pre-fund some of the architect, engineering and site
<br />work prior to the financing that will take place in the fall for the actual
<br />construction of the high school. She said once the debt instrument is
<br />determined, the installment financing will be rolled into Certificates of
<br />Participation (COPS) or General Obligation bonds. She also identified the
<br />actual cost per acre for the land and asked to have the Financing Resolution
<br />revised to $8.5 million.
<br />UPON MOTION by Commissioner Privette, seconded by Commissioner White
<br />and unanimously carried, the Board approved land purchase for the New
<br />Northwest Area High School; adopted the budget amendment; adopted Financing
<br />Resolution including authorization for the County Manager and the Deputy
<br />County Manager to proceed with the necessary steps required by the Local
<br />Government Commission to issue an Installment Financing up to $8,500,000 and
<br />scheduled a public hearing for June 18, 2007.
<br />EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF
<br />THE COUNTY OF CABARRUS, NORTH CAROLINA
<br />The Board of Commissioners for the County of Cabarrus, North Carolina,
<br />met in regular session in the Commissioners' Meeting Room in the Cabarrus
<br />County Governmental Center in Concord, North Carolina, the regular place of
<br />meeting, at 6:30 p.m., on May 21, 2007, with Robert W. Carruth, Chairman,
<br />presiding. The following Commissioners were:
<br />PRESENT: Joni D. Juba, Grace M. Mynatt, Coy C. Privette and H. Jay
<br />White, Sr.
<br />ABSENT: None.
<br />ALSO PRESENT: John Day, County Manager; Richard M. Koch, County
<br />Attorney; Mike Downs, Deputy County Manager; Pam Dubois, Deputy County
<br />Manager; Kay Honeycutt, Clerk to the Board and Lori Hinson, Deputy Clerk to
<br />the Board.
<br />
<br />RESOLUTION RELATING TO INSTALLMENT CONTRACT FINANCING FOR PUBLIC
<br />SCHOOL PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $6,500,000
<br />AND CALLING REQUIRED PUBLIC HEARING
<br />WHEREAS, the Board of Commissioners desires to undertake a proposed
<br />plan of financing in an aggregate principal amount of up to $8,500,000, which
<br />plan would involve the entry by the County into one or more installment
<br />
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