BC 2013 11 18 Regular Meeting - Laserfiche WebLink

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November 18, 2013 (Regular Meeting) Page 1818 presentation, Mr. Rose, Ms. Baker and Diane Gridley, Income Maintenance Program Manager, responded to a variety of questions from the Board. Chairman Poole MOVED to approve $14,080.00 to hire contract eligibility workers with funds coming from contingency. Commissioner Morris seconded the motion. Commissioner Oesterreich expressed his intent to vote against the motion. Commissioner Burrage expressed his intent to vote against the motion. The MOTION failed with Chairman Poole and Commissioner Morris voting for and Vice Chairman Measmer and Commissioners Burrage and Oesterreich voting against. (F) CONSENT AGENDA (F -1) County Manager - CCS QSCB - Use of Sales Tax Proceeds for Parking Lot Repair at Northwest High School Gymnasium Cabarrus County has a practice of using the sales taxes from expenditures in the construction funds to pay down debt service at the end of the construction phase. With Qualified School Construction Bonds (QSCB) funds, all proceeds must be spent on defined projects, per bond counsel. Cabarrus County Schools (CCS) has approximately $83,917.00 in sales tax monies which they would like to apply towards repairing the parking lot at the construction site of the Northwest High School Gymnasium. The request has been reviewed by Steve Cordell, Cabarrus County bond counsel, and qualifies as an approved project. No budget revision will be necessary to accomplish this request. CCS may have approximately $25,122.00 in contingency funds available to be added to the $83,917.00 which totals $109,039.00. The bid for a portion of the surface area cost $77,000.00 and includes unit cost to add more square footage of repairing, if funds exist. This will allow the balance of $32,039.00 or a portion thereof to be used to expand the repairs of the balance of the parking lot. UPON MO'T'ION of Vice Chairman Measmer, seconded by Commissioner Morris and unanimously carried, the Board approved the use of sales tax proceeds for repairing the Northwest High School Gymnasium parking lot. (F -2) County Manager - Contractual Incentive Payments for SMG (Cabarrus Arena) The contract between Cabarrus County and SMG, the operator of the Cabarrus Arena and Events Center, includes annual incentive payments based on quantitative and qualitative measurements, as well as food sale volumes. The attached document details the calculations of the incentive amounts. This document has been reviewed by Management and Finance staff and is in keeping with the contract. A budget amendment for the incentive payments is also included with this agenda item. UPON MOTION of Vice Chairman Measmer, seconded by Commissioner Morris and unanimously carried, the Board approved the incentive payments and adopted the associated budget amendment. Date: 10 /16/2013 Amount: $100, 988. 00 Dept. Head: Shelley Farris, Accounting Supervisor Department: Finance 1 - 1 Internal Transfer Within Department ❑ Transfer Between Departments /Funds Q Supplemental Request Purpose: This budget amendment is to appropriate fund balance from FY 2013 for the payment of Arena performance management fees to SMG Management Company. These fees are based off calculations that were agreed upon by management and are related to specific profitability and performance measurements. Fees are composed of a quantitative portion relating to Gross Operating revenue and a qualitative portion relating to more subjective performance measures. The fees for Food and Beverage is $50,693 and for the Arena operations is $50,295. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 42098310 -9404 Incentives- Operations $0.00 $50,295.00 $50,295.00 42098310- 9404 -FSVC Incentives - Food $0.00 $50,693.00 $50,693.00 42068310 -6901 Fund Bal - Approp $0.00 $100,988.00 $100,988.00 (F -3) County Manager - Qualified School Construction Bond (QSCB) Interest Earnings