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71 <br /> <br /> Section 2. The officers of this unit are hereby directed to <br /> proceed with this capital project within the terms of the COPS <br /> resolution and the budget contained herein. <br /> <br /> Section 3. The following amount is appropriated for the <br /> project: <br /> <br /> Cabarrus County Schools $40,000,000.00 <br /> <br /> Section 4. The following revenues are anticipated to be <br /> available to complete this project= <br /> <br /> Proceeds from certificates of <br /> Participation $40,000,000.00 <br /> <br /> Section 5. The Finance Officer is hereby directed to <br /> maintain within the Capital Project Fu~d sufficient detailed <br /> accounting records to satisfy the terms of the COPS resolution. <br /> <br /> Section 6. Funds may ~e advanced from the General 'Fund for <br /> the purpose of making payments as due. Reimbursement requests <br /> should be made to the grantor agency in an orderly and timely <br /> manner. <br /> <br /> Section 7. The Finance Officer is. directed to report,.on a <br /> monthly basis, on the financial status of each project element in <br /> Section 3 and on the total revenues received or claimed. <br /> <br /> section 0. Copies of this capital project ordinance shall <br /> be furnished to the Clerk to the Governing Boar~, and to the <br /> Budget Officer and the Finance officer for direction in carrying <br /> out this project. <br /> <br /> Adopted this 23rd day of April, 2001. <br /> <br /> CABARRUS COUNTY BOARD OF COMMISSIONERS <br /> BY: /s/ Arno L. Fennel <br /> ATTEST: Arno Fennel, Chair <br /> /s/ Frankle F. Bonds <br /> Clerk to the Board <br /> <br /> BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF Finance <br />AMOUNT: $ 10,627,192.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To close out the completed Rocky River Elementary School <br />Construction Fund. <br /> <br /> Present Revised <br />Account No. ADDroved Budqet Increase Decrease Budget <br />33067301-6406 $ 204,585.00 $ 204,589.00 <br />Sales Tax Refund <br />33067301-6703 $ 522,607.00 $ 522,607.00 <br /> Interest on Investments - Lease <br />33067301-6905 $ 9,900,000.00 $9~900,000.00 <br />Proceeds from Lease <br />33097301-9161 $ 40,892.00 $ 40,892.00 <br />Engineering <br />33097301-9165 $ 400,941.00 $ 400,941.00 <br />Architects <br />33097301-9171 $ 33,930.00 $ 33,930.00 <br />Legal Fees <br />33097301-9704 $ 723,637.00 $ 723,637.00 <br /> Contribution to General Fund <br />33097301-9801 $ 74,150.00 $ 74,150.00 <br />Land Acquisition <br />33097301-9820 $8,943,249.00 $0,9~3,249.00 <br /> Building Improvements <br />33097301-9860 $ 410,393.00 $ 410,393.00 <br /> Equipment & Furniture <br /> <br />Rocky Meadows SuBdivision (Randy Mumphrey~ Ino.} - Proposed Water Line Fee <br />A~reement <br /> <br /> Mr. Jonathan Marshall, Planning Services Director, reviewed the proposed <br />water line fee agreement concerning the Rocky Meadows Subdivision. The Board <br />approved the 142-1ot residential subdivision on November lB, 1999 under the <br />following conditions: that the developer R~ndy Humphrey, Inc., donate 23 acres <br />to Cabarrus County; that the development rights on that 23 acres be <br />transferred to 72 acres on the east side of Rocky River Road; and that <br />approximately $130,000.00 deposited with the Clerk of Court in the Water and <br />Sewer Authority conde~u%ation proceeding on 13 of the 23 acres be transferred <br />to Cabarrus County in exchange for the 13-acre parcel being deeded to the <br />Water and Sewer Authority. Further, Mr. Marshall reported the Rocky Meadows <br /> <br /> <br />