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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />Consent Agenda <br />FEBRUARY 19, 2018 <br />6:30 P.M. <br />SUBJECT: <br />Finance - Rowan-Cabarrus Community College Agency Agreement <br />Advanced Technology Center <br />BRIEF SUMMARY: <br />The attached Rowan-Cabarrus Community College (RCCC) Agency <br />Agreement, among other items, allows the County to appoint the RCCC <br />Board of Trustees as its agent in connection with the construction and <br />equipping of a new Advanced Technology Center. <br />The RCCC Board of Trustees shall cause the new Advanced Technology <br />Center project to be completed in accordance with the respective <br />construction documents and any applicable requirements of governmental <br />authorities and law. The County and Board of Trustees agree that all <br />amounts received as refunds of state sales tax, with respect to <br />expenditures made in connection with the project will be deposited as <br />funds available for the acquisition and construction of the project or used <br />to pay debt service on the installment financing issued to fund this <br />project. <br />REQUESTED ACTION: <br />Motion to approve the Rowan-Cabarrus Community Colleges Agency <br />Agreement for the new Advanced Technology Center Project, subject to <br />review and revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />F-8 Page 107 <br />