BC 2015 12 14 Regular Meeting - Laserfiche WebLink

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December 14, 2015 (Regular Meeting) Page 2611 * Allowing for the required 10 days, the upset bid deadline closed on Monday, December 14, 2015 at 4:00 p.m., by which time no upset bids were received, therefore completing the upset bid process. UPON MOTION of Commissioner Mynatt, seconded by Vice Chairman Honeycutt and unanimously carried, the Board awarded the 335 Fox Street property to Donald Watson and authorized the County Manager and County Attorney to finalize the transaction and execute related documentation. (F -10) Planning and Development - Receipt of HOME 2015 Grant for Senior Apartment Complex Cabarrus County will receive $95,815.00 from the HOME 2015 partnership project with the City of Concord. A $25,000.00 contribution will be made from the original FY2016 General Fund budget. Funds for this project will be used for the construction of a senior citizen apartment complex in conjunction with Prosperity Unlimited, if funded by the North Carolina Housing Finance Agency (NCHFA). UPON MOTION of Commissioner Mynatt, seconded by Vice Chairman Honeycutt and unanimously carried, the Board adopted the revised Community Development Special Revenue Project Ordinance and related budget amendment. Date: 11 /16/2015 Amount: $120,915 Dept. Head: Susan Fearrington Department: Finance - CDBG ❑ Internal Transfer Within Department D Transfer Between Departments /Funds Q Supplemental Request Purpose: This budget amendment appropriates funds to be received from the City of Concord for the HOME 2015 partnership project. A $25,000 contribution will be made from the General Fund from the original FY2016 budget. Funds received from the HOME 2015 program will be used for the construction of a senior citizen apartment complex in conjunction with Prosperity Unlimited if funded by NCHFA. Account Number Account Name Approved Budget Inc Amount Dec Amount IRevised Budget 41063672 -6432 Home Consortium Revenu $0.00 $95,615.00 Sub - Contractor $95,615.00 41063672 -6902 Contrib from Gen Fund $0.00 $25,000.00 2012: $25,000.00 41093672 -9383 Sub - Contractor Const $0.00 $115,392.00 Consultants $115,392.00 41093672 -9605 Consultants $0.00 $5,423.00 Sub - Contractor $5,423.00 Ordinance No. 2015 -43 CABARRUS COUNTY COMMUNITY DEVELOPMENT SPECIAL REVENUE PROJECT ORDINANCE BE IT ORDAINED by the Board of Commissioners of the County of County of Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby adopted: Section 1. The projects authorized is for the Grant Projects for the purpose of receiving and disbursing funds as directed by Home Program Grant and the Department of Commerce. The projects are referenced in Section 3. Section 2. The officers of this unit are hereby directed to proceed within the terms of the Generally Accepted Accounting Principles (GAAP), the grant terms, the rules and regulations of the Department of Commerce and the budget contained herein. Section 3. The following budgeted amounts are appropriated for the projects: CDBG: Sub - Contractor $ 34,997 Home 2011: Sub - Contractor 173,881 Consultants 8,115 Home 2012: Sub - Contractor 117,841 Consultants 5,570 Home 2013: Sub - Contractor 117,345 Consultants 5,541 Home 2015: Sub - Contractor 115,392 Consultants 5,423