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Commission reviews draft MOU to create capital fund for Norfolk County Agricultural High School; decision deferred
Summary
Commissioners discussed a draft memorandum of understanding to deposit annual surplus contributions into an 'Aggie Capital Fund' for large projects, set a $500,000 threshold for fund use and agreed to take the draft under advisement for further review next week.
The Norfolk County Commission on Sept. 24 reviewed a draft memorandum of understanding (MOU) that would formalize annual capital payments to the Norfolk County Agricultural High School "Aggie" and create a restricted capital fund for large projects.
County staff presented a draft MOU describing a process by which the county would evaluate surplus funds each year and, if available, transfer an agreed amount into an Aggie Capital Fund. The draft specifies that the fund is intended for large…
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