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August 21, 2017 (Regular Meeting) Page 3252
<br /> THE KANNAPOLIS MIDDLE SCHOOL PROPERTY
<br /> WHEREAS, Cabarrus County owns property at 1445 Oakwood Avenue where the
<br /> Kannapolis Middle School is located;
<br /> WHEREAS, the Kannapolis Board of Education finds that portions of. that
<br /> property are appropriate for accessory uses to the school; and
<br /> WHEREAS, the Kannapolis City Schools have negotiated a lease for the
<br /> construction of a wireless communications facility on part of the property; and
<br /> WHEREAS, in consideration of leasing such space, the County will receive
<br /> monthly lease payments that may benefit Kannapolis City Schools; and
<br /> WHEREAS, North Carolina General Statutes 9 160A-272 authorizes the County
<br /> to enter into leases of up to 25 years upon resolution of the Board of
<br /> Commissioners adopted at a regular meeting after 30 days public notice;
<br /> WHEREAS, the required notice has been published and the Board of
<br /> Commissioners is convened in a regular meeting.
<br /> THEREFORE, THE CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT:
<br /> The Board of Commissioners hereby approves a lease of the County property
<br /> described above for a period not to exceed 25 years and directs the County
<br /> Manager to execute any instruments necessary to effectuate the lease.
<br /> Adopted this the 21St day of August 2017.
<br /> /s/ Stephen M. Morris
<br /> Stephen M. Morris, Chairman
<br /> Board of Commissioners
<br /> ATTEST:
<br /> /s/ Angela F. Poplin
<br /> Angela F. Poplin
<br /> Interim Clerk to the Board
<br /> (F-6) Finance — Approval of Project Ordinances and Budget Amendments Related
<br /> to CIP Funded Projects in the FY18 General Fund Budget
<br /> A list of CIP (Capital Improvement Plan) projects were approved as part
<br /> of the FY18 General Fund Budget. These projects will be recorded and tracked in
<br /> the Construction and Renovation Fund, School Construction Fund, School
<br /> Construction Debt Fund, Limited Obligation Bond 2017 Fund, and Limited
<br /> Obligation Bond 201B Fund. Monies to fund these projects were provided by the
<br /> Capital Reserve Fund including an adjustment to reverse the funding for a future
<br /> warehouse that has been put on hold for now. Updates to the six project
<br /> ordinances and related budget amendment are presented for approval.
<br /> UPON MOTION by Commissioner Kiger, seconded by Commissioner Shue and
<br /> unanimously carried, the Board adopted the six updated project ordinances
<br /> (Construction and Renovation, School Construction, School Construction Debt,
<br /> Limited Obligation Bond 2017, Limited Obligation Bond 2018, and the Capital
<br /> Reserve) , and the related budget amendment.
<br /> Date: /21/2017 Amount: $10,078,220
<br /> Dept. Head: Susan Fearrington Department: Finance
<br /> n Internal Transfer Within Department 0 Transfer Between Departments/Funds © Supplemental Request
<br /> Purpose: To allocate funds from the Capital Reserve Fund for FY18 Capital Improvement Projects approved
<br /> during the FY18 Annual Budget process on June 19, 2017. This budget amendment also reverses the
<br /> previous Capital Reserve allocation to the'Warehouse purchase project until another property is located.
<br /> Account Account Approved Inc Dec Revised
<br /> Number Name Budget Amount Amount Budget
<br /> 36961950-6921 Cont fr CRF-Warehouse $6,141,264.00 $4,000,000.00 $2,141,264.00
<br /> 36991950-9826 Bldg Acquist-warehouse $4,600,000.00 $4,000,000.00 $600,000.00
<br /> 45097220-9708 Cont to Cap Proj Fd $57,607,196.10 $4,000,000.00 $53,607,196.10
<br /> 45097220-9821 Build & Renovations $3,889,840.20 $4,000,000.00 $7,889,840.20
<br /> 36991110-9606-DECK Engineer -Parking Deck $52,895.00 $150,000.00 $202,895.00
<br /> 36991110-9660-DECK Contingency-Park Deck $500,000.00 $500,000.00
<br /> 36961110-6921-DECK Cont CRF - Park Deck $420,000.00 $650,000.00 $1,070,000.00
<br /> 45097220-9708 Cont to Cap Proj Fd $53,607,196.10 $650,000.00 $54,257,196.10
<br /> 45097220-9821 Build & Renovations $7,889,840.20 $650,000.00 $7,239,840.20
<br /> 34392730-9860-MONIT Equip -Heart Monitors $550,111.00 $550,111.00
<br /> 34362730-6921-MONIT Cont CRF-Heart Monitor $550,111.00 $550,111.00
<br /> 45097220-9708 Cont to Cap Proj Fd $54,257,196.10 $550,111.00 $54,807,307.10
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