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535 <br /> <br /> WHEREAS, appropriation for current operating expense based <br />upon ADM is required by North Carolina General Statute 115C-430, <br />and Cabarrus County has routinely allocated capital outlay funds <br />and distributed bond proceeds to the two school systems in the <br />same relative manner and to the same relative extent; and <br /> · WHEREAS, the two school systems jointly developed a three- <br />phased program upgrading existing schools consistent with today's <br />technological needs and student requirements, the construction of <br />new schools to accommodate growth in the number of students and <br />the replacement of existing schools that cannot be upgraded to <br />meet current educational standards; and <br /> WHEREAS, the citizens of Cabarrus County have previously <br />approved a $49 million bond issue in support of the three-phased <br />school facilities improvement plan and are paying for the bond <br />debt through increased property taxes; and <br /> WHEREAS, a task force appointed by the County Commission to <br />consider options related to funding phases two and three of the <br />school facilities plan recommended that the public through a <br />referendum process consider an additional one cent local option <br />sales tax and a one percent local option real estate transfer tax; <br />and <br /> WHEREAS, a special referendum is scheduled on February 24, <br />1998 to seek the consent of the residents of Cabarrus County for <br />Cabarrus County to authorize the levy of an additional one percent <br />local sales and use tax and a one percent local real property <br />transfer tax in lieu of additional ad valorem property taxes, the <br />proceeds of such levy or levies to be used solely for public <br />school capital projects for a period not to exceed five years. <br /> NOW, THEREFORE, BE IT RESOLVED by the Cabarrus County Board <br />of Commissioners that the net proceeds of any such alternative tax <br />implemented as a result of the February 24, 1998, special <br />referendum shall be allocated to the Cabarrus County Schools and <br />to the Kannapolis City Schools in the manner and proportion <br />consistent with the ADM funding principle which Cabarrus County <br />has traditionally used in allocating funds between the two school <br />systems. <br /> Adopted this the 16th day of February, 1998. <br /> <br /> /s/ Sue Casper <br /> Sue Casper, Chair <br /> Cabarrus County Board of Commissioners <br />ATTEST: <br />/s/ Frankie F. Bonds <br />Frankie F. Bonds, Clerk to the Board <br /> <br />Announcement of Board Retreat on March 13 and March 14 at the Ora¥1¥n <br /> <br />Conference Center in Winston-Salem <br /> <br /> Mr. Clifton outlined plans for a Board Retreat on March 13 and 14 at the <br />Graylyn Conference Center in Winston-Salem. He stated that candidates are <br />invited to attend and observe the retreat but would be responsible for their <br />own accommodations at their own expense. Any candidate who plans to attend <br />should notify the County Manager's Office to ensure that adequate meeting <br />facilities and copies of information for discussion are available. Board <br />members should notify Mr. Clifton or Mr. Day of any items for discussion at <br />the retreat. <br /> <br />APPOINTMENTS <br /> <br />Cabarrus-Rowan Park Commission (1) <br /> <br /> Chairman Casper nominated Mr. James Rutledge for appointment to the <br />Cabarrus-Rowan Park Commission to fill the vacancy created by the resignation <br />of Mr. Ray Moss. <br /> <br /> UPON MOTION of Commissioner Mills, seconded by Commissioner Carpenter <br />and unanimously carried, the Board moved that nominations be closed and Mr. <br />James Rutledge appointed by acclamation to the Cabarrus-Rowan Park Commission <br />to fill an unexpired term ending July 1, 2001. <br /> <br /> <br />