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498 <br /> <br />00195620 9454 3,240,480.00 <br />Medicaid <br />00161710 6901 15,826,236.19 <br /> Fund Balance Appropriated <br /> <br />336,748.00 <br />336,748.00 <br /> <br />3,577,228.00 <br />16,162,984.19 <br /> <br />Sale of Harrisbur~ Element&~-v School Property <br /> <br /> Mr. Clifton reported the upset bid period for the Harrisburg Elementary <br />School property ended at 5:00 p.m. on this date (June 26}. No upset bids <br />were received. <br /> <br /> UPON MOTION of Commissioner Carpenter, seconded by Chairman Fennel and <br />unanimously carried, the Board authorized the County Manager and County <br />Attorney to enter into agreement(s) as required for the sale of the existing <br />Harrisburg School Site (with required action of the School Board) per the <br />upset bid submitted by Mr. William F. Ports, Jr., in the amount of <br />$2,870,000.00 and subject to provisions of the contract bid documents <br />inclusive of provisions detailed and previously authorized by the County <br />Commission. Possession will occur sometime after October 1, 2000. <br /> <br />Closed Session <br /> <br /> UPON MOTION of Commissioner Carpenter, seconded by Chairman Fennel and <br />unanimously carried, the Board moved to go into Closed Session to consult <br />with the Attorney concerning the handling or settlement of a claim, judicial <br />action, or administrative procedure and to consider the acquisition of real <br />property as authorized by N. C. General Statute 143-318.11(a) (3) (5}. <br /> <br /> UPON MOTION of Commissioner Privett. e, seconded by Chairman Fennel and <br />unanimously carried, the Board moved to end the Closed Session. <br /> <br />A~reement with Level 3 Con~unications <br /> <br /> UPON HOTION of Chairman Fennel, seconded by Commissioner Casper and <br />unanimously carried, the Board agreed to a proposed Settlement Agreement with <br />Level 3 Communications relative to the installation of fiber optic <br />telecommunications cable across County property in the vicinity of the Coddle <br />Creek Reservoir. Terms of the settlement will include, but not be limited <br />to, the payment of $250,000.00 to the County to be held in escrow pendin9 <br />completion of the project, pa~rment of up to $10,000.00 to the Water and Sewer <br />Authority of Cabarrus County (WSACC) to be held in escrow for engineering and <br />inspection costs, the provision of a $25 million insurance policy for ten <br />(10) years indemnifying the County for any damages resulting from the <br />installation of the telecommunications cable and indenulification of the <br />County for damage to the cable by any County employee. <br /> <br /> Commissioner Carpenter, an employee of First Union Bank, asked to be <br />excused from voting on the issue involving the purchase of real property from <br />First Union. <br /> <br /> UPON MOTION of Commissioner Barnhart, seconded by Chairman Fennel and <br />unanimously carried, the Board voted to excuse Commissioner Carpenter from <br />voting in the issue involving the purchase of property from First Union. <br /> <br /> UPON MOTION of Commissioner Barnhart, seconded by Commissioner Casper <br />with Commissioners Barnhart, Casper and Privette and Chairman Fennel voting <br />for and Co~missioner Cazpenter abstaining, the Board authorized the County <br />Manager and County Attorney to move forward with the acquisition of the First <br />Union Bank Building and associated property located on South Union Street in <br />Concord for a price of $550,000.000 with the provision for the lease back of <br />approximately 25,000 square feet of space as outlined in the draft agreement <br />with First Union Bank. Further, the Board authorized the appropriate budget <br />amendment in the amount of $550,000.00 for the purchase of the property. <br /> <br />Adjournment <br /> <br /> There being no further business to come before the Board, Chairman <br />Fennel adjourned the meeting at 9:30 p.m. <br /> <br />Clerk to the Board <br /> <br /> <br />