Laserfiche WebLink
CABARRUS COUNTY <br />1 4' BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />OCTOBER 20, 2014 <br />1 <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Finance - Reallocation of Funds for School Roofing and School Projects - <br />$2,738,950.49 - Tabled from September <br />BRIEF SUMMARY: <br />On June 16, 2014, the Board of Commissioners moved to approve the <br />reallocation of the Helms Hall capital appropriation at Camp Spencer to fix <br />the school's leaking roofs ($1,250,622.75). A motion was also made and <br />approved to terminate and reallocate all funding for Wallace Park and to <br />use the funds for school projects ($1,488,327.74). The related budget <br />amendment, Construction and Renovation Project Ordinance and Capital <br />Reserve Project Ordinance are presented for approval to incorporate <br />these changes. <br />REQUESTED ACTION: <br />Motion to approve the Construction and Renovation Project Ordinance, <br />the Capital Reserve Project Ordinance and the related budget <br />amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Susan Fearrington, Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />G -5 Page 259 <br />