BC 2014 07 07 Work Session - Laserfiche WebLink

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July 7, 2014 (Work Session) Page 2108 She advised, based on the June 16, 2014 Board approval of the General Fund FY15 Budget, $3,920,112.00 will be transferred from the General Fund to the School Construction Fund for Improvement /Construction of School Facilities. The related budget amendment and School Construction Project Ordinance are presented for approval to incorporate the receipt of funds into the School. Construction Fund. Finance - November 2014 General Obligation Bond Referendum - Public Hearing 6:30 P.M. Ann Wilson, Finance Director, reviewed the next steps in the process to place $11,000,000.00 in School General Obligation Bonds and $9,000,000.00 in Community College General Obligation Bonds on the November ballot. She advised next the Board needs to conduct the public hearing, adopt the bond orders and adopt a resolution calling for the bond referendum on November 4, 2014. She also responded to questions from the Board. Finance - Reallocation of Funds for School Roofing and School. Projects - $2,736,950.,49 Susan Fearrington, Assistant Finance Director, presented a request for reallocation of funds for school roofing and school projects for $2,738,950.49. She advised, based on the June 16, 2014 Board approval of the General Fund FY15 Budget, the Board approved the reallocation of the Helms Hall capital appropriation at Camp Spencer to fix the school's leaking roofs ($1,250,622.75). A motion was also made and approved to terminate and reallocate all funding for Wallace Park and to use the funds for school projects ($1,488,327.74). She stated the related budget amendment, Construction and Renovation Project Ordinance and Capital Reserve Project Ordinance will incorporate these changes. She also responded to questions from the Board. A discussion ensued. Issues addressed included: some funds were already spent on the projects; the return of a $350,000.00 grant for Wallace Park; the value of the Wallace Park land; a previous request to swap a portion of land at the Wallace Park property for railroad access; etc. General Services - Request to Purchase County -Owned Property Jonathan Marshall, Infrastructure and Asset Management Director, presented the following information relating to a request to purchase county - owned property. Rinker Commercial Properties, representing Bright Parsun LLC, has submitted a request to purchase County property adjacent to the Bright Parsun owned building at 70 and 82 Union Street South. A letter detailing this request, a survey of the Bright Parsun and County property and a detailed survey of the area included in the request to purchase are attached. The purchaser is offering $6,000.00 for this property. This property is located across Union Street South from the County Courthouse and is used for access to the Spring /Barbrick County Parking Lots. The access would not be affected by the sale of the property. The General Statutes detailing the Methods of Sale (GS 160A -266) and Upset Bid process (GS 160A -269) are both attached. The first step in the process is to decide whether to consider the offer and begin the process of advertising for upset bids. This item will come back before the Board of Commissioners once an advertised 10- day upset bid period has been completed without any additional qualified bids. At that point the Board may decide to accept or reject the highest bid. A discussion ensued. During discussion Mr. Marshall responded to a variety of questions from the Board. Commissioner Morris expressed support for the transaction. Commissioner Oesterreich expressed support for the upset bid process. Planning and Development - Elmta C. Lomax Incubator Farm Pu blic to Private Transition Proposal