BC 2014 05 19 Regular Meeting - Laserfiche WebLink

Home Browse Search

May 19, 2014 (Regular Meeting) Page 2020 Commissioner Oesterreich expressed approval of the KCS BOE decision. He advised the short -term financing is likely to save approximately $10 million in interest costs. Chairman Poole referred to the red -lined revised resolution on page 220, item number 2 in the Agenda, and stated, although $11 million is not excessive, in her opinion, it is not adequate to build the Royal Oaks replacement school. She also expressed concern regarding the impact on the budget over the five -year financing in regards to where funding of $4.7 million will be identified from the budget and expressed opposition to the amount of funds being requested in the resolution. A discussion ensued. During discussion, Mike Downs, County Manager and Pam Dubois, Deputy County Manager, responded to questions from the Board. Commissioner Oesterreich expressed concerns regarding requested information he did not receive from Cabarrus County Schools Board of Education relating to construction estimates and engineering contracts for school facilities. Commissioner Morris reiterated concerns expressed by Chairman Poole. He expressed opposition to approving the resolution for the school bonds citing concerns regarding potential budget cuts to fund the $4.7 million. During discussion, Steve Cordell, Bond Counsel, advised formal action by the Board is required to proceed with the bond referendum process. He stated the resolution is a draft and can be amended at this point. He also advised the Board of their obligations and options with actions as it relates to the Board of Elections and absentee ballots. Vice Chairman Burrage MOVED to table the Resolution Approving Filing of an Application with the LGC and Authorizing the Publication of the Notice of Intent to File to a budget workshop meeting. Chairman Poole asked for clarification regarding the meeting date. Mr. Cordell advised the resolution for the Rowan - Cabarrus Community College is separate and can be adopted separately. Vice Chairman Burrage clarified his MOTION to table the Resolution Approving Filing of an Application with the LGC and Authorizing the Publication of the notice of Intent to File to the May 27 budget workshop meeting. In response to a question from the Board, Richard Koch, County Attorney, advised the budget meetings are public meetings and the Board may take action at them. Chairman Poole clarified the motion is to table the Resolution Approving Filing of an Application with the LGC and Authorizing the Publication of the Notice of Intent to File for the schools to the May 27th budget workshop meeting and place it after the budget presentations. Chairman Poole seconded the MOTION. Commissioner Oesterreich expressed his intent to vote against the motion citing his preference to vote tonight. The MOTION carried, with Chairman Poole, Vice Chairman Burrage and Commissioner Morris voting for and Commissioner Oesterreich voting against. Rowan- Cabarrus Community College Bonds As it relates to the bond referendum for Rowan - Cabarrus Community College (RCCC), Chairman Poole referred to the resolution in the Agenda on page 234, section number 2, which projects the estimated total project costs for the Community College Project to be approximately $9 million. She stated the College requested $12.5 million and in her opinion, the request stated in the bond is inadequate. A discussion ensued. Vice Chairman Burrage expressed approval of reconsideration. He expressed approval for funding the purchase of the land.