BC 1994 05 02 - Laserfiche WebLink

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101 Mr. Thomas Dayvault, President of the Kannapolis Chamber of Commerce, presented the funding proposal for the Sports Complex. The cost of the facility is estimated at $8,000,000 with funding to be provided as follows: Private Sector Fund Drive -$2,300,000; Private Funds (Grants) $1,200,000; and Amount to Finance - $4,500,000. The City of Kannapolis and the counties of Rowan and Cabarrus are each being asked to finance $1.5 million towards the debt retirement of the project. Mr. Phil Yount discussed the positive impact that professional baseball has had on the City of Hickory. Mr. Larry Hedrick, owner of the Spartanburg Phillies, discussed his commitment to move the baseball team from Spartanburg to the proposed Sports Complex. Mr. Pete Ward, Accountant, discussed the finances relative to the ownership of a baseball team franchise. Mr. James Fitzgibbons, Chairman of the Board of Fieldcrest Cannon, Inc. presented a letter outlining that company's support of the construction of the proposed Regional Sports Complex. Fieldcrest Cannon has made a $300,000.00 financial commitment to the project. In closing, Mr. Mickey Hicks reviewed letters and petitions from the business community and civic organizations in support of the Sports Complex. He urged the Board to favorably consider the request for a financial commitment in the amount of $1.5 million for debt retirement of the project. During review of the funding request, the Board discussed items relative to the distribution of revenue from ticket and concession sales among the team owner, Rowan County, City of Kannapolis, and Cabarrus County. Also discussed was the possibility of an intergovernmental agreement whereby Cabarrus County would share in the sales tax revenue generated at the baseball stadium which will be located within Rowan County. Commissioner Fennel made the following motion which died for lack of a second. That the Cabarrus County Board of Commissioners commits to the debt retirement of $1.5 million, understanding all the numbers, for the development of the Regional Sports Complex located at 1-85 and Lane Street. This motion includes support for the creation of the Piedmont Sports Commission to govern the facility, of which Cabarrus County would be members, and is contingent upon the balance of the funding being contributed by the City of Kannapolis, Rowan County, and the private sector as outlined in the presentation. I would also make it contingent upon the development of a revenue sharing intergovernmental agreement between Cabarrus County, Rowan County, and the City of Kannapolis, and any other contingency other Board members want to add. Chairman Barnhart asked Commissioners Payne and Carpenter to meet with Mr. Dayvault to further discuss the proposal and report back to the Board at a later date. Purchasing Agent - Commissioner Payne Commissioner Payne recommended the establishment of a Purchasing Agent position at Salary Grade 65 ($23,024.53 - $35,545.88) and assigned to the Finance Department. Centralized purchasing is expected to generate a savings to the County as well as provide more control on all County purchases. UPON MOTION of Commissioner Payne, seconded by Commissioner Fennel and unanimously carried, the Board authorized the establishment of a Purchasing Agent position, Salary Grade 65, in the Finance Department effective July 1, 1994. Budget Amendment Parks and Recreation UPON MOTION of Commissioner Fennel, seconded by Commissioner Carpenter and unanimously carried, the Board amended the Parks and Recreation budget to show $15,123.00 in increased expenses, $11,222.00 in increased revenue, and to