BC 2017 05 15 Regular Meeting - Laserfiche WebLink

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May 15, 2017 (Regular Meeting) Page 3120 and recommends lowering the asking price. Should the Board agree to reduce the asking price, he stated all interested parties will be notified of the new price. A discussion ensued. During discussion, Mr. Bilafer and Richard Koch, County Attorney, responded to questions from the Board. Items addressed included: activity on the property; feedback from interested parties; incorrect acreage initially listed; the upset bid process; etc. UPON MOTION of Commissioner Shue, seconded by Commissioner Kiger and unanimously carried, the Board approved to amend the recommended listing price for 2323 Concord Lake Road to $375, 000.00. (F) CONSENT (F-1) Finance - CCS Agency Agreement New High School on Weddington Road Cabarrus County Schools (CCS) Agency Agreement, among other items, allows the County to appoint the Cabarrus Board of Education as its agent in connection with the construction and equipping of a new high school. The Cabarrus Board of Education shall cause a new high school to be completed in accordance with the respective construction documents and any applicable requirements of governmental authorities and law. The County and Board of Education agree that all amounts received as refunds of State sales tax, with respect to expenditures made in connection with the project, will be deposited as funds available for the acquisition and construction of the project or used to pay debt service on the installment financing issued to fund this project. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Kiger and unanimously carried, the Board approved the Cabarrus County Schools Agency Agreement for the new high school project, subject to review and revision by the County Attorney. (F-2) Finance - CCS Agency Agreement New Performance Learning Center Cabarrus County Schools (CCS) Agency Agreement, among other items, allows the County to appoint the Cabarrus Board of Education as its agent in connection with the construction and equipping of a new Performance Learning Center. The Cabarrus Board of Education shall cause the new Performance Learning Center project to be completed in accordance with the respective construction documents and any applicable requirements of governmental authorities and law. The County and Board of Education agree that all amounts received as refunds of State sales tax, with respect to expenditures made in connection with the project, will be deposited as funds available for the acquisition and construction of the project or used to pay debt service on the installment financing issued to fund this project. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Kiger and unanimously carried, the Board approved the Cabarrus County Schools Agency Agreement for the new Performance Learning Center project, subject to review and revision by the County Attorney. (F-3) Finance - Update of Capital Project Fund Budgets and Related Project Ordinances Each year the multi-year fund budgets and project ordinances are evaluated and updated. Based on the Finance Department's evaluation: Budget amendments and project ordinance updates are included with this agenda for the Construction and Renovation Fund (Fund 343) , the Limited Obligation 2017 Fund (Fund 369) , the Capital Reserve Fund (Fund 450) , and the Small Projects Fund (Fund 460) . Also included with the update is the consolidation of the Construction and Renovation Fund (Fund 343) Parking Deck project into the Limited Obligation 2017 Fund (Fund 369) for account tracking purposes. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Kiger and unanimously carried, the Board approved the multi-year budget amendments and revised project ordinances. Date: 5/15/2017 Amount: $393,961.55 Dept. Head: Susan Fearrington (prepared by staff) Department: 369 Limited Obligation Bonds 2017 Internal Transfer Within Department ❑ Transfer Between Departments/Funds © Supplemental Request