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March 19, 2018 <br />To: Board of Commissioner <br />From: Pamela S Dubois, Senior Deputy County Manager <br />Subject: Purchase of Land from Crown Court, LLC <br />Office of the County Manager <br />Rowan Cabarrus Community College has requested the county to fund $1,721,000 for the purchase of <br />three tracts of land off Trinity Church Road. <br />The Countywould need tofund $135,000 of earnest money in advance of the purchase once the agreement <br />is signed (within two days of signature), The county proposed to get these funds from excess charter school <br />funds. <br />The purchasing transaction would be between RCCC and Crown Court, LLC. RCCC would be responsible <br />for any additional cost related to the transaction above the $1,721,000 provided by the County. <br />65 Church Street SE (28025) • P.O. Box 707 Concord, NC 180260707 <br />Phone: 704.920.2100 • Fax: 704.920.2820 <br />Website: v -cabarruscounty.us <br />G-3 Page 196 <br />