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April 21, 2014 (Regular Meeting) Page 1993 RESOLUTION APPROVING LEASING PROPERTY WHEREAS, Cabarrus County owns a communications tower in Mt. Pleasant, North Carolina with co- location space available for wireless communications providers; and WHEREAS, the Board of Commissioners finds that such co- location space is surplus to the County's needs; and WHEREAS, the County and Cellco Partnership dba Verizon Wireless have agreed upon a lease under which Cellco will lease space on the County communications tower for a term of up to ten (10) years; and WHEREAS, in consideration of leasing such space, Cellco has agreed to pay annual rent of $24,000.00 with a 10% annual rent increase after five (5) years; and WHEREAS, Cellco shall also pay $9,600.00 at the beginning of each five (5) year period for use of an existing equipment building; and WHEREAS, North Carolina General Statutes §160A -272 authorizes the County to enter into leases of up to 10 years upon resolution of the Board of Commissioners adopted at a regular meeting after 10 days public notice; and WHEREAS, the required notice has been published and the Board of Commissioners is convened in a regular meeting. THEREFORE, THE CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT: The Board of Commissioners hereby approves a nonexclusive lease of the County property described above to Cellco Partnership dba Verizon Wireless for up to ten (10) years and directs the County Manager to execute any instruments necessary to effectuate the lease. Adopted this the 21' day of April, 2014. /s/ Elizabeth F. Poole Elizabeth F. Poole, Chairman Board of Commissioners ATTEST: /s/ Megan Smit Megan Smit Clerk to the Board (F -4) County Manager - Revised Proposed Calendar - 2014 General Obligation Bonds Referendum On March 17, 2014, the Board of Commissioners voted to allow Kannapolis City Schools (KCS) to decide by May 31, 2014 whether they want to remain on the bond referendum or want to withdraw their resolution and be placed on short term financing in FY 2015. In order to allow KCS enough time to make their decision, the bond schedule needs to be revised as attached. This will move the Board's first introduction of the bond order from May 19, 2014 to July 21, 2014. The revision of the schedule will not prohibit the referendum from taking place in November as planned. UPON MOTION of Commissioner Oesterreich, seconded by Vice Chairman Burrage and unanimously carried, the Board adopted the revised bond schedule. The Bond schedule is as follows: CABARRUS COUNTY, NORTH CAROLINA PR020SED CALENDAR - 2014 GENERAL OBLIGATION BONDS REFERENDUM Date Event NLT 05/23/14 Pre - application conference with Local Government Commission (LGC). NLT 06/13/14 School Board (s) and RCCC submit petition(s) to Board to hold referendum on school and community college bonds. 06/16/14* Board of Commissioners (the "Board ") (This action establishes maximum authorization to proceed; Resolution