BC 1981 05 04 - Laserfiche WebLink

Home Browse Search

520 UPON MOTION of Commissioner Cook, seconded by Commissioner Lentz and unanimously carried, the Board authorized the Cabarrus County Juvenile Justice Task Force to submit grant application to the North Carolina Department of Crime Control and and Public Safety for continued funding of the Temporary Shelter Care Project for the next year. UPON MOTION of Commissioner Lentz, seconded by Commissioner Cook and unanimously carried, the Board endorsed by resolution the naming of the Stonewall Jackson Park area as "Frank Liske Park". Chairman Bonds informed the Board that Mr. Adam C. Grant, President of Historic Cabarrus, Inc., had submitted a grant application for funds for the Old County Courthouse. He reported he had signed the grant application as owner of.the property and that this grant would in no way obligate the County for any money. UPON MOTION of Commissioner Cook, seconded by Commissioner Lentz and unanimously carried, the Board approved the filing of the Historic Preservation Grants-In-Aid Application request for Historic Cabarrus, Inc., with the understanding that the grant does not obligate the County and City in any way to provide any money. UPON MOTION of Commissioner Nash, seconded by Commissioner Cook and unanimously carried, the Board adopted the following resolution. STATE OF NORTH CAROLINA. COUNTY OF CABARRUS. The Cabarrus County Board of Commisaioners, on the 4th day of May, 1981, adopted the following resolution. IN THE MATTER OF ESTABLISHING A DEFERRED COMPENSATION PLAN FOR THE COUNTY OF CABARRUS WHEREAS, the County has considered the establishment of a Deferred Compensation Plan to be made available to all elil~ible County employees, elected officials, and independent contractors pursuant to Section 457 of the Internal Revenue Code permitting such Plans; and WHEREAS, certain tax benefits could accrue to employees, elected officials, and independent contractors particig, ating in said Deferred Compensation Plans; and WHEREAS, such benefits will act as ir~centives to County employees to voluntarily set aside and invest portions of their current income to meet their future financial requirements and supplement their County retirement and Social Security (if applicable); and WHEREAS, the National Association of Counties has established a Master Deferred Compensation Program for its member Counties, permitting its member Counties and their employees to enjoy the advantages of this Program; WHEREAS, by adoption of the NACo Program, all regulatory, operational, administrative and fiduciary responsibilities are hereby assumed by NACo in behalf of County; and WHEREAS, NACo, as Plan Administrator, agrees to hold harmless and indemnify the County, its appointed and elected officers and participating employees from any loss resulting from NACo or its Agent's failure to perform its duties and services pursuant to the NACo Program; NOW, THEREFORE THE COUNTY GOVERNING BODY DOES HEREBY RESOLVE AS FOLLO~TS: The County governing body, meeting in regular scheduled session, this 4th day of May, 1981, hereby adopts the National Association of Counties Deferred Com- pensation Program and hereby establishes the County of Cabarrus Deferred Compenation Plan for the voluntary participation of all eligible County employees, elected officials and independent contractors. The County Manager is hereby authorized to execute for the County, individual participation agreements with each said employee requesting same, and to act as the "Administrator" of the Plan representing the County, and to execute such agreements and contracts as are necessary to implement the program. It is