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June 16, 20I4 (Regular Meeting) Page 2075
<br />provides emergency access to the back side of the park and elementary school;
<br />the total estimated cost for paving the road is $60,000.00; etc.
<br />Vice Chairman Burrage MOVED not to participate in the rail crossing
<br />closure. Commissioner Measmer seconded the motion and the MOTION carried,
<br />with Chairman Poole, Vice Chairman Burrage and Commissioners Measmer and
<br />Oesterreich voting for and Commissioner Morris voting against.
<br />(G-3) Finance - Proposed Funding for Kannapolis Middle School
<br />Pam Dubois, Deputy County Manager, stated on March 17 the Board voted
<br />to fund the Kannapolis Middle School on a short -term financing for up to $23
<br />million if Kannapolis City Schools were to rescind their bond resolution.
<br />Kannapolis City Schools did rescind their bond resolution in May. It is
<br />proposed to do a budget amendment for $1,319,000.00 for the design phase of
<br />the architect and engineering for Kannapolis Middle School. In order for the
<br />design to begin in the month of June, a budget amendment needs to be passed.
<br />That will allow the time table for Kannapolis to get the design phase of the
<br />school completed on a timeline to meet a March 2015 debt issuance: for the
<br />short --term financing for that school. The $1,319,000.00 would come from the
<br />release of two assignments of fund balance; one from the Internal Service
<br />Fund, releasing $1,019,000.00 and the other releasing $300,000.00 from the
<br />landfill assignment.
<br />Commissioner Oesterreich MOVED to approve the budget amendment, that
<br />this money not be paid back and that the potential borrowing be reduced by
<br />$1,319,000.00 to make a maximum potential borrowing of $21,681,000.00.
<br />Commissioner Measmer seconded the motion. The MOTION unanimously carried.
<br />Date :5 /27/2014 Amount :$ 1, 319, 000. 00
<br />Dept. Head:Pam Dubois Dept. Finance -School Financing Fund
<br />L Internal Transfer Within Department ❑ Transfer Between Departments /Funds © Supplemental Request
<br />Purpose: This budget amendment records the contribution from the General Fund to the School
<br />Financing Fund for Architect Fees related to the new Kannapolis Middle School.
<br />Account Number
<br />Account Name
<br />Approved Budget
<br />Inc Amount
<br />Dec Amount
<br />Revised Budget
<br />00161960 -6901
<br />Fund Balance Approp
<br />$30,487,506.00
<br />$1,319,000.00
<br />$31,806,500.00
<br />00191960 -9708
<br />Contribution to CPF
<br />$33,829,500.00
<br />$1,319,000.00
<br />$35,148,500.00
<br />36867404 -6902
<br />Contribution from GF
<br />$0.06
<br />$1,319,000.00
<br />$1
<br />36897404 -9607
<br />Architect - KMS
<br />$0.00
<br />$1,319,000.00
<br />$1,319,000.00
<br />(G -4) Finance - Update of the Construction and Renovation Fund Budget and
<br />Related Pro�eet Ordinance for RCCC Renovation Project
<br />Note: This item was moved from the Consent Agenda for discussion.
<br />Commissioner Oesterreich requested a PowerPoint presentation emailed
<br />late this afternoon be displayed. He questioned a statement included in the
<br />PowerPoint regarding the square footage of the proposed Cannon Village
<br />location for the RCCC (Rowan - Cabarrus Community College) Cosmetology Campus.
<br />Dr. Carol Spalding, President and CEO, Rowan - Cabarrus Community College
<br />(RCCC), responded the statement Commissioner Oesterreich questioned is in
<br />reference to other potential locations and did not refer to the existing
<br />location at the Cloverleaf Plaza.
<br />Commissioner Oesterreich questioned the total renovation cost projected
<br />for the Cannon Village location ($2,127,228.00) versus the Cloverleaf
<br />location ($2,881,600.00).
<br />Dr. Spalding advised both developers were requested to estimate the
<br />cost for renovations using the same specifications as the Research Campus.
<br />She stated moving to the new facility will be beneficial not only because the
<br />costs are projected to be 35 percent less, but also because it includes the
<br />benefit that students will not be cnsite during construction, which would be
<br />the case if the current location was renovated.
<br />Janet Spriggs, RCCC Chief Financial Officer, responded to questions
<br />from Commissioner Oesterreich regarding the proposal from Benbrooke. She
<br />expressed concerns regarding the vagueness of several essential details.
<br />Dr. Spalding expressed support for the facility in downtown Kannapolis.
<br />The proposals are as follows:
<br />
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