AG 2002 12 16 (Regular) - Laserfiche WebLink

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4. Consideration of Approval of the Joint Purchase of the james Patterson Property with Cabarrus County - Cabarrus County (County) has agreed to purchase the 28.21 acre James Patterson property, located on the southwest side of Lake Howell, for $564,200. A portion of this property will be used to extend the Lake Howell buffer and help prevent development ~om occurring in the critical area of Lake Howell. The County has requested that WSACC pay $188,067 toWard the purchase of the acreage, which is one-third of the purchase price. This Purchase is beneficial to' both the County and WSACC for the perpetual protection of Lake Howell. Action taken: approved the joint purchase and ownership of the James Patterson Property with Cabarrus County. 5. Consideration of Approval of An Ordinance to Amend FY 2002-2003 Bndget Ordinance for the Joint Purchase of the James Patterson Property - An Ordinance to Amend FY 2002-2003 Budget Ordinance is provided to appropriate $188,067 of additional Retained Earnings to participate with the County in the joint purchase of the Patterson property. Action taken: approved An Ordinance to Amend FY 2002-2003 Budget Ordinance to increase both Retained Earnings Appropriated and Capital Outlay-Land by $188,067. 6. Consideration of Approval of a Resolution for Adoption of Amendment No. 4 to the Water and Sewer Authority of Cabarrus County and City of Charlotte 'Agreement - At the October meeting, you approved staff's pursuit of Amendment No. 4 to the WSACC/CMU Agreement. As you directed, staff met with Cabarms County, Concord and Harrisburg on November 7 to formulate an agreement, which restricts connections to the Reedy Creek Interceptor in order to control growth in the Reedy Creek Basin. A consensus was reached. CMU has now completed the Mecklenburg portion of the design of these Interceptors and is anxious.to begin the design of the Cabarms County portion. We request that you approve Amendment No. 4 contingent upon approval by Charlotte. Action taken: approved Amendment No. 4 to the WSACC/CMU Agreement contingent upon approval by Charlotte. Additional Items added to the Agenda: 7. Consideration of Approval of ResolUtion of Acceptance - North Carolina Clean Water Revolving Loan and State Grant Funds - Mt. Pleasant Water System Improvements Project - The N. C. Department of Environment and Natural Resources (NCDENR), Construction Grants and Loans Section, has offered us a $1,442,619 revolving loan for a period of 20 years at an interest rate of 2.66% (annual debt service $93,944) and a grant for $1,644,181 for the Mt. Pleasant Water System Improvements Project. NCDENR requires that we adopt a resolution to accept the loan and the grant. Action taken: approved the Resolution of Acceptance - North Carolina Clean Water Revolving Loan and Grant Funds for the Mt. Pleasant Water System Improvements Project.