BC 2015 01 20 Regular Meeting - Laserfiche WebLink

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January 20, 2015 (Regular Meeting) delivery by the County of one or more NCGS 160A -20 in an aggregate principle stated a public hearing is required. Page 2263 installment financing contracts under amount of up to $211,615,000.00. She Chairman Morris opened the public hearing at 6:58 p.m. The Public Hearing Notice was published on January 7, 2015 in The Independent Tribune. The Public Hearing Notice was also posted on the County's website ( www.cabarrus county. us ) on January 7, 2015 in accordance with Article 2, Administration, Section 2.1 (Use of Electronic Means to Provide Public Notices) of the Cabarrus County Code of Ordinances. There was no one present to address the Board; therefore Chairman Morris closed the public hearing. Commissioner Shue MOVED to consider a proposed plan of refinancing one or more existing installment financing contracts of the County through the execution and delivery by the County of one or more installment financing contracts under NCGS 160A -20 in an aggregate principal amount of up to $211,615,000.00. Commissioner Mynatt seconded the motion. Steve Cordell, Bond Counsel, stated no action other than the public hearing is required at this time. Commissioner Shue withdrew his MOTION and Commissioner Mynatt withdrew her second to the motion. (G -2) Planning and Development - HOME Program Public Hearing to Amend Plans - Public Hearing 6:30 P-M. Kelly Sifford, Planning and Development Director, requested a public hearing to amend the 2011 -2012 and the 2012 -2013 HOME program funding to allow for a housing reconstruction project and the associated demolition. She stated there is approximately $58,000.00 left in the FY12 year, so the request is to amend both fiscal years. She further stated this request is to replace a home where the estimated repair costs, combined with other program requirements for the situation, present a feasibility issue. She advised the funding and required match are in place for the proposed project with enough funding in the fiscal year 2012 -2013 program year to complete another rehabilitation project. She also advised the only action required tonight is the public hearing. Chairman Morris opened the public hearing at 7:00 p.m. The Public Hearing Notice was published on January 7 and 11, 2015 in The Independent Tribune. The Public Hearing Notice was also posted on the County's website ( www.cabarrus county. us ) on January 7, 2015 in accordance with Article 2, Administration, Section 2.1 (Use of Electronic Means to Provide Public Notices) of the Cabarrus County Code of Ordinances. There was no one present to address the Board; therefore Chairman Morris closed the public hearing. No further action was required. (G -3) Finance - CCS Pte quest for Additional Funding for New Odell Grades 3 -5 Elementary School Barry Shoemaker, Chairman, Cabarrus County Schools (CCS) Board of Education (BOE), expressed the CCS BOE's wish to have a trusting and effective relationship with the Board of Commissioners. He then presented a request for $1,184,872.00 in additional funding for the new Odell Grades 3 -5 Elementary School Project. He stated $837,372.00 is for project funds. He advised two financial options were presented at the work session. The option the CCS BOE recommends is for the LED lighting alternate option in the amount of $40,500.00. He stated the total funding request for the project funds and LED lighting is $877,872.00. In addition, he stated, a contingency of $307,000.00 is requested for site work. He also announced the availability of CCS staff to answer questions. Chairman Morris reviewed a history of the new Odell School project. Chairman Morris then MOVED to allocate 837,372.00 to complete the contractual obligation for the project; in addition, to allocate $40,500.00 to the LED lighting project; including funds in the amount of $307,000.00 to be set aside to be used as contingency for any unexpected site or allowable expenses; and that the County Manager be authorized to dispense those funds as they are needed.