BC 2017 06 19 Regular Meeting - Laserfiche WebLink

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June 19, 2017 (Regular Meeting) Page 3203 2017 in accordance with Article 2, Administration, Section 2.1 (Use of Electronic Means to Provide Public Notices) of the Cabarrus County Code of Ordinances. Mr. Downs clarified this public hearing is concerning the allocation for the Cabarrus Economic Development Corporation in the amount of $400, 000.00. He stated these funds go toward their operating funds in addition to funding the Corporation receives from the cities in the County as well as several private companies. There was no one present to address the Board; therefore, Chairman Morris closed the public hearing. No further action was required of the Board. (G-4) County Manger - Purchase of Overflow Parking Lot Property at Concord Senior Center Jonathan Marshall, Deputy County Manager, requested the purchase of the property located next to the Concord Senior Center. He advised the Concord Senior Center uses the property daily for an overflow parking lot. He stated the property owners are offering the property for the December 2014 appraised price of $64, 000. 00. Chairman Morris expressed support for the purchase. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Shue and unanimously carried, the Board approved the purchase of the Concord Senior Center overflow parking lot property for the amount of $64, 000.00; including the required budget amendment and authorized the County Manager to execute the transfer documents subject to review and revision by the County Attorney; including authorization for the Finance Director to create the related budget amendments and project ordinances as necessary. Date: 6/19/2017 Amount: $64,000 Dept. Head: Susan Fearrington Department: Finance - Construction & Reno Fd C Internal Transfer Within Department ❑ Transfer Between Departments/Funds Q Supplemental Request Purpose: This budget amendment records the transfer of funds from the General Fund Contingency to the Construction and Renovation Fund for the purchase of a parking lot located at the Concord Senior Center. Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 00191910-9660 Contingency $326,937.00 $64,000.00 $262,937.00 00191960-9708 Cont to Capital Proj $1,746,056.40 $64,000.00 $1,810,056.40 34368145-6902-PLot Cont from General Fund $0.00 $64,000.00 $64,000.00 34398145-9830-PLot Other Improvements $0.00 $64,000.00 $64,000.00 Ordinance No. 2017-42 CABARRUS COUNTY CONSTRUCTION AND RENOVATION PROJECT BUDGET ORDINANCE BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project ordinance is hereby adopted: Section I. A. The project authorized is the various County construction and renovation related projects. Details of the projects are listed in section C. of this Project Ordinance. B. The officers of this unit are hereby directed to proceed with this capital project within the terms of the Generally Accepted Accounting Principles (GAAP) and the budget contained herein. C. It is estimated that the following revenues will be available to complete capital projects as listed. Capital Projects Fund (Capital Reserve Fund) $4,753, 063 Rental - Tower Lease 726, 099 Lease Proceeds (Robert Wallace Park) 3, 666, 394 General Fund Contribution 4,249, 778 Sale of Fixed Assets 423, 417 Contributions and Donations 117, 036 Park & Recreation Trust Fund(PARTF) Grant 350, 000