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December 15, 2014 (Regular Meeting) Page 2227 (10) Sets the NACo Annual Conference in Charlotte, NC on July 10 - 13, 2015; and (11) Sets the NCACC Annual Conference in Greenville, NC on August 20- 23, 2015; and (12) Resolve that any recessed, special or emergency meeting will be held as needed with proper notice as required by North Carolina General Statute 153A -40. BE IT FURTHER RESOLVED that any recessed, special or emergency meeting will be held as needed with proper notice as required by North Carolina General Statute 153A -40. Adopted this the 15 day of December, 2014. /s/ Stephen M. Morris Stephen M. Morris, Chairman 4 Board of Commissioners Attest: /s/ Megan Smit Megan Smit, Clerk to the Board (F -8) County Manager - Contractual Incentive Payments for SMG (Cabarrus Arena) The contract between Cabarrus County and SMG, the operator of the Cabarrus Arena and Events Center, includes annual incentive payments based on quantitative and qualitative measurements, as well as food sales volumes. The attached document details the calculations of the incentive amounts. This document has been reviewed by Management and Finance staff and is in keeping with the contract. A budget amendment for the incentive payments is also included with this agenda item. UPON MOTION of Commissioner Shue, seconded by Commissioner Honeycutt and unanimously carried, the Board approved the incentive payments and adopted the associated budget amendment. Date: 11 /20/2014 Amount: F$ 161, 400 1 $ 12, 324.00 Dept. Head:Susan Fearrington Department: Finance - Arena Department :Education L Internal Transfer Within Department ❑ Transfer Between Departments /Funds © Supplemental Request Purpose: This budget amendment is to appropriate fund balance from FY 2014 for the payment of Arena performance management fees to SMG Management Company. These fees are based off calculations that were agreed upon by management and are related to specific profitability and performance measurements. Fees are composed of a quantitative portion relating to Gross Operating revenue and a qualitative portion relating to more subjective performance measures. The fee for Food and Beverage is $63,356 and for the Arena operations is $78,044. Account Number Account Name JApproved Budget Inc Amount Dec Amount Revised Budget 42098310 -9404 Incentives - operations $0.00 $78,044.00 Revised Budget $78,044.00 42098310- 9404 -FSVC Incentives - Food $0.00 $83,356.00 1 $2,020,153.00 $83,356.00 42068310 -6901 Fund Bal - Approp $59,213.00 $161,400.00 $46,188.00 $220,613.00 (F -9) County Manager - Match State Salary Increase for Locally Funded Positions on RCCC Staff Every year, when the State of North Carolina increases the salary of state- funded positions, the County matches that increase for the locally funded positions. Rowan - Cabarrus Community College (RCCC) has 9.5 positions that received a $1,000.00 increase with a total cost, with benefits, totaling $12,324.00. UPON MOTION of Commissioner Shue, seconded by Commissioner Honeycutt and unanimously carried, the Board adopted the budget revision for local salary increases at Rowan - Cabarrus Community College. Date: 12 /15/2014 Amount: 1 $ 12, 324.00 Dept. Head:Pamela S. Dubois Department :Education /RCCC CI Internal Transfer Within Department 0 Transfer Between Departments /Funds 0 Supplemental Request Purpose: To appropriate funds to increase to state staff. cover the local salary increase for RCCC staff based on state Account Number Account Name JApproved Budgetl Inc Amount I Dec Amount Revised Budget 00197140 -9719 RCCC 1 $2,007,829.001 $12,324.00 1 $2,020,153.00 00191910 -9659 unemployment Comp 1 $58,512.001 1 $12,324.001 $46,188.00 (F -10) Finance - Resolution Relatin2 to Refinancing of Prior Certificates of Participation (COPS) of Schools and Public Improvements