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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />New Business <br />MARCH 19, 2018 <br />6:30 P.M. <br />SUBJECT: <br />Finance - Resolution Relating to the Installment Financing Contract <br />- Financings for Various School Projects - Public Hearing 6:30 p.m. <br />BRIEF SUMMARY: <br />Finance requests the Board of Commissioners approve the attached <br />resolution enabling Cabarrus County to enter into one or more short <br />and/or long-term installment financing contracts with the Cabarrus County <br />Development Corporation or one or more third parties, for an amount not <br />to exceed $55,000,000, to finance all or a portion of the cost of acquitting, <br />constructing and equipping public school facilities, community college <br />facilities, land acquisition and various related real and personal property <br />improvements. <br />N.C.G.S. 160-20 requires a public hearing on the described installment <br />financing contracts for the projects described above. <br />REQUESTED ACTION: <br />Hold a Public Hearing. <br />Motion to approve Financing Resolution. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Susan Fearrington, Finance Director <br />G-2 Page 184 <br />