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Meeting Date 5/17/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item <br /> <br />SUBJECT: <br />Cabarrus Bank & Trust Building Revised Proposals <br /> <br />BRIEF SUMMARY: <br />The three bidders for the Cabarrus Bank & Trust Building have revised their proposals <br />based on comments from the Board of Commissioners at the initial review on March <br />8,2004. I have also attached a proposal from Ware Bonsall Architects to study the <br />potential reuse of the building for County office space if the Commission wishes to pursue <br />that. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Accept one of the proposals for sale, or accept the proposal from Ware Bonsall Architects <br />to study rouse by the County. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 6 minutes <br /> <br />Submitted By: Jonathan B. Marshall, Commerce Director Date: 5/3/04 <br /> <br />Budget AmendmentRequired: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />To balance the FY 2005 budget, I cut all capital funding for the two school systems. I <br />recommend selling the Cabarrus Bank & Trust Building and earmarking the proceeds for <br />restoration of the capital funding I eliminated. Because of the number of parties interested <br />in purchasing the building, the Board may wish to sell it through the upset bid process. <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />