|
517
<br />
<br />01-6-56-34-579 Respite Care Program 2,657
<br /> Inc.
<br />01-6-56-34-584 Cabarrus Senior 2,000
<br /> Games
<br />01-6-56-34-585 Weatherization 102,000
<br /> Program
<br />01-6-56-34-586 Senior Citizens 300,000
<br /> Center
<br />
<br />2,657 0
<br />2,000 0
<br />102,000 0
<br />300,000 0
<br />
<br />01-6-57-34-564 Title 3B
<br />01-6-57-34-568 Nutrition Title 3C
<br />01-6-57-34-571 Nutrition Project
<br /> Income
<br />01-6-57-34-576 3B Project Income
<br />01-6-57-34-578 Respite Care Grant
<br />01-6-57-34-579 Respite Program Income
<br />01-6-57-34-584 Cabarrus Senior
<br />Games
<br />01-6-57-34-585 Weatherization
<br />Program
<br />01-6-57-34-586 Senior Citizens
<br /> Center
<br />
<br />134,956 134,956
<br />182,602 182,602
<br />15,000 15,000
<br />
<br />3,500 3,500
<br />10,000 10,000
<br />2,657 2,657
<br />2,000 2,000
<br />
<br />102,000 102,000
<br />
<br />300,000 300,000
<br />
<br />PURPOSE OF BUDGET REVISION REQUEST:
<br /> To break out revenues to identify Social Services and Department of
<br /> Aging revenues separately.
<br />
<br /> Mr. Blair D. Bennett, Finance Director, presented information regarding
<br />bond issues which have been authorized but not yet issued by Cabarrus
<br />County. He recommended that the Board authorize the sale of bonds in the
<br />following amounts on February 7, 1989: Schools Bonds - $17,000,000 of the
<br />total $25,000,000 bond package with $5,382,500 allocated to the Kannapolis
<br />City School System and $11,617,500 allocated to the Cabarrus County Schools;
<br />Rowan-Cabarrus Community College - $2,000,000; and Coddle Creek Reservoir -
<br />$8,500,000 of the total $14,500,000 bond package. Mr. Bennett informed the
<br />Board that the sale of these bonds would set the new bonded debt of the
<br />County at $34,740,000 and that the debt principal and interest for the
<br />$27,500,000 bond issue would be $2,750,000 beginning in the 1989-90 fiscal
<br />year. In conclusion, Mr. Bennett reported that County officials would be
<br />making a presentation to bond rating agencies in January, 1989 and asked
<br />that the Board select a bond counsel as soon as possible.
<br /> UPON MOTION of Chairman Lentz, seconded by Commissioner Payne and
<br />unanimously carried, the Board authorized the County Finance Director to
<br />continue with the preliminary work for the bond sale and authorized the sale
<br />of $27,500,000 in bonds on February 7, 1989.
<br /> Mr. Fletcher L. Hartsell, Jr., County Attorney, reported that the Board
<br />had used Brown & Wood of New York for past bond issues; however, he pointed
<br />out that there are now five firms located in the State of North Carolina
<br />that could serve as bond counsel. The Board by consensus agreed that the
<br />County should consider the North Carolina firms and asked Mr. Hartsell and
<br />Mr. Ruffin to make a recommendation to the Board at a later date regarding
<br />the selection of bond counsel.
<br /> Mr. James Martin, representative of the Midland Community Association,
<br />informed the Board that the Association unanimously supported the request by
<br />C4 Media Cable, Inc., for a nonexclusive franchise to construct and operate
<br />a cable television system in the Midland area of Cabarrus County.
<br /> Mr. Leon Tuttle of C4 Media Cable, Inc., briefly reviewed the
<br />"Resolution and Franchise Agreement" proposed for adoption by the Board. It
<br />was noted that the proposed agreement was not identical to the current
<br />franchise agreement with Vision Cable of Metrolina. Mr. Tuttle indicated
<br />that the terms of the County's existing cable television franchise agreement
<br />would be acceptable to C4 Media Cable, Inc.
<br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Hamby with
<br />Commissioners Payne, Hamby, and Moss and Chairman Lentz voting for and
<br />Commissioner Melvin voting against, the Board moved to grant C4 Media Cable,
<br />Inc., a cable television franchise containing the same language and
<br />agreements that are in the existing cable television franchise agreement
<br />with Vision Cable of Metrolina.
<br /> Commissioner Hamby left the meeting at this time.
<br />
<br />
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