BC 1988 01 18 - Laserfiche WebLink

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Mr. Blair D. Bennett, Finance Director, reviewed financing methods for the new facility and stated the Board could maintain its current $1.4 million annual capital outlay appropriation with no tax increase needed. He advised that the County could utilize a bank loan under a lease/purchase plan, sell certificates of participation to private individuals, or utilize a public sale of certificates of participation. UPON MOTION of Commissioner Payne, seconded by Chairman Lentz with Commissioners Payne, Melvin, and Hamby and Chairman Lentz voting for and Commissioner Moss voting against, the Board authorized Dennis Yates Associates to put the Cabarrus County Governmental Center project out for bids. Mr. Charles D. McGinnis, County Manager, read the following letter from Mr. Leonard B. Sossamon, Concord City Manager. Mr. Charles D. McGinnis Cabarrus County Manager P. O. Box 707 Concord, N. C. 28026-0707 January 18, 1988 Dear Charles: I have reviewed your correspondence of January 15, 1988 with the Mayor and Mayor Pro-Tem relative to a meeting to discuss concerns regarding the Rocky River Regional Wastewater Treatment Plant (RRRWTP). The Mayor and Mayor Pro-Tem have discussed such with other members of the Board of Aldermen. I have been instructed to advise you that the Mayor and Board of Aldermen do not wish to meet to discuss the RRRWTP. The Mayor and the Board feel that it would be more practical and productive to have your independent auditors, Arthur Young and Co., meet with Concord's independent auditors, Peat Marwick Main and Co., as was originally suggested. Please inform me of some dates which would be appropriate for the two firms to meet and commence their work. Sincerely, /s/ Leonard B. Sossamon Leonard B. Sossamon City Manager UPON MOTION of Commissioner Hamby, seconded by Commissioner Melvin and unanimously carried, the Board authorized the County Manager to establish the dates that the County's audit firm can meet with the City's audit firm to discuss the Rocky River Regional Wastewater Treatment facility with an audit to be done on an annual basis from the beginning of the project. Mr. Charles D. McGinnis, County Manager, read a letter dated January 18, 1988, from Mr. Leonard Sossamon, Concord City Manager, in response to the County's request for names of persons to be appointed to the Cabarrus Utilities Board. The letter from Mr. Sossamon stated that "the Mayor and Board do not wish to participate in such since, at this time, there is not enough information available to them to see the usefulness of such a Board." Mr. Curt Needham of Aston Properties reviewed a proposal for a sewer extension to serve the King's Grant project. He noted that the company was working against a deadline of January 31, 1988. Mr. Fletcher L. Hartsell, Jr., County Attorney, stated that the Board had expressed an intent at an earlier meeting to adopt a policy for private financing projects but did not have actually have a policy in place at this time. Chairman Lentz requested Commissioner Hamby to work with Mr. Fletcher L. Hartsell, Jr., County Attorney, and Mr. Walter C. Odell, III, County Engineer, in drafting a Capital Facilities Financing Policy for consideration by the Board at a meeting to be held at 4:00 P.M. on January 25, 1988. Commissioner Moss commended Mr. James F. Owens, Planning Director, and Mr. Mike Byrd, Planning staff member, on the meetings being held in various townships in the county. Chairman Lentz recessed the meeting until 4:00 P.M. on Monday, January 25, 1988. Clerk to the Board