BC 1983 09 06 - Laserfiche WebLink

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373 Fifth. The Employer agrees to pay special contributions for a minimum twenty-four (24) consecutive months following the month of this AGREEMENT, but may cease such contributions upon written notice to the Retirement System; provided, if the Employer elects to cease special contributions, the Retirement System shall not enter into a~y further AGREEMENT with the Employer for a period of twelve (12) consecutive months from the month of · cessation; and further, it is mutually agreed by the Retirement System and the Employer that payment and acceptance of special contributions for the first month following the twenty-four (24) consecutive months following the effective date of this AGREEMENT shall in itself be an AGREEMENT to continue to pay and accept special contributions until the Employer elects to cease special contributions by written notice to the Retirement System as herein provided. Sixth. The Retirement System agrees to issue a Letter of Credit to the Employer each month in which a member or members for whom the Employer has paid special contributions withdraws accumulated regular contributions or dies without eligibility for a survivor's alternate benefit, in an amount or amounts equal to such special contributions previously paid by the Employer; and, the Employer agrees to utilize the Letter of Credit so issued to satisfy and pay any obligation owing to the Retirement System. Seventh. It is mutually agreed by the Retirement System and the Employer that the first, second, third and sixth sections above apply equally to all special contributions paid by the Employer prior to the effective date of this AGREEMENT. IN WITNESS HEREOF, the County of Cabarrus, pursuant to a resolution adopted by its governing body on the 6th day of September, 1983, has caused this instrument to be executed on its behalf by its Chairman, to be attested by its Clerk and its seal to be hereto affixed all as of the day and year written above, and to be executed in duplicate. For the Employer: /s/ J. Harold Nash For the Retirement System: (Seal) (Seal) Chairman Director Attest: /s/ Frankie F. Small (Seal) Clerk Witness: (Seal) UPON MOTION of Commissioner Payne, seconded by Commissioner Lentz and unanimously carried, the Board approved the addition of Weldon Circle and Andover Street to the State secondary road system. Mr. John R. Boger, Jr., County Attorney, suggested postponement of consideration of the proposed Water Supply Agreement between Cabarrus County and the Board of Light and Water Commissioners of the City of Concord until the next meeting to allow him time to determine if the proposed agreement is in conformance with an agreement required by the Farmers Home Administration. UPON MOTION of Commissioner Lentz, seconded by Commissioner Barnhardt and unanimously carried, the Board deferred consideration of the Water Supply Agreement until the next meeting. UPON MOTION of Commissioner Barnhardt, seconded by Commissioner Lentz and unanimously carried, the Board authorized Mr. Charles D. McGinnis, County Manager, and Mr. John R. Boger, Jr., County Attorney, to negotiate with the City of Albemarle and Stanly County regarding the purchase of water by Cabarrus County. Bids received on August 25, 1983, for the furnishing of envelopes for Cabarrus County were as follows. LEGAL ADVERTISEMENT DATE: August 8, 1983 Double Envelope Atlantic Envelope Coleman Envelope & Printing Co. Un±jax, Inc. Concord Graphics Rowan Business Forms Westvaco Certified Check or Bond Certified Check-Insufficient Amount Certified Check Certified Check Bid Bond Certified Check No Bid Bond or Certified Check No Bid Bond or Certified Check Bid $5,330.05 $6,346.34 $3,997.56 $4,958.41 $4,839.51 $6,613.51 $6,198.64