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May ~5, 2006 - Regular Meeting Page 606 the Clean Water Trust Fund. The Water 2030 Study was presented at the Centralina Board of Delegates meeting held on April 12 in Cabarrus County. UPON MOTION of Vice Chairman Juba, seconded by Chairman Carruth and unanimously carried, the Board adopted the following Resolution: Resolution No. 2006-10 2006 Clean Water Bond Resolution WHEREAS North Carolina's continued prosperity depends on protecting the state's water resources for current use and future generations, and WHEREAS North Carolina is expected to grow by 3.5 million people to exceed 12 million by the year 2030, placing pressures on the state's water resources and local water providers, and WHEREAS North Carolina's businesses, traditional and emerging industries all depend on reliable supplies of clean water, reasonable utility costs and an attractive natural environment, and WHEREAS the 1998 Clean Water Bonds North Carolina communities and citizens, counties, which delivered significant benefits supporting 1,103 projects in to 97 . helped create or retain 42,000 jobs . corrected major regulatory violations in 97 communities . addressed failing septic systems and contaminated wells in 59 counties . resulted in 50 communities receiving sewer service for the first time, . encouraged regional efficiencies, sound planning and conservation practices, WHEREAS North Carolina's public water, sewer and storm water utilities will require investments totaling $16.63 billion to keep pace with necessary improvements and population growth over the next 25 years, including $6.85 billion in investments within the next five years; NOW THEREFORE BE Commissioners urges the bond bill in the 2006 needed water, sewer and IT RESOLVED that the Cabarrus County Board of North Carolina General Assembly to enact a $1 billion session to fund construction and repair of urgently storm water facilities. BE IT FURTHER RESOLVED calls upon the Governor and Infrastructure Commission infrastructure needs with a sewer and storm water system that the Cabarrus County Board of Commissioners the General Assembly activate the State Water to address the state's long-term water visionary plan for sustained funding of water, improvements. Adopted the 15th day of May, 2006. /s/ Robert W. Carruth Robert W. Carruth, Chairman Cabarrus County Board of Commissioners ATTEST: /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board (G-7) Establishment of Construction Fund - Cabarrus Arena & Events Center Pam Dubois, Deputy County Manager, reported $483,508.00 was left in the Arena Construction Fund. Since the original construction project has been completed, she presented the following three options for closing the fund: (1) Use the remaining funds to establish a reserve fund for capital improvements and major maintenance projects at the Arena; (2) Apply $483,508.00 to a future debt service payment; or (3) Transfer the money to the General Fund or the Capital Reserve Fund. The fund must be liquidated in order to close it. Commissioner Privette made a motion to utilize Option No.2. commissioner Freeman seconded the motion.