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May 27, 2010 (Recessed Meeting) <br />Five Year Financial P lan - B <br />GENERAL FIrNa <br />9uda.lw.1 ac.,.lnt,o-! dOr: <br />Gai .rwrSY3 tl{.YaaPJy r.wvw,.al Iron <br />FrIMC+Ia Ire�.rd yelr,r <br />Ceanga I Akron frwn Ro.W. <br />1.-I CI-ryp - P-p.rty lures <br />InGn"50 N Ftoa"ty T174 I -. 71 <br />R.y.m1 al DawrLl F.rr11 <br />la.dd.v trsgfwr3i.1 Ira. 11 <br />Incraasdr ILtirxaral in WNW Rawlu.r. <br />C n S.IIr. I-- t1 5 a 2 n% rv17 t1 1 Y <br />Ad.166, cA 1J4 ae.l "b" IM 163r.xluccal[wl .qsl <br />rimed, - *ui ki Ta..v: - ana:u 3G wri A. 44 1T.tiamt�r alf <br />T0aa1 Re•uc.ulritU Ftw.Mvar <br />Sdr, =a. <br />Capfa: pw.rr+! fUrdA <br />Capila W" bM%esl FY.EQ w s - hai.slA CW W <br />I:lres 11-.01 w:f <br />F"xve h. <br />TaW AOwnucra <br />Olydneled EcnarMitlret, rOr <br />Esirr lma Opm•a6ry u¢i.Nt.a1.a 4 .a'r1 <br />P,s - aa f.rvi year <br />FaCGC Cott" E.;o!l50 Ford Wq <br />caYw3o1 C.wht- E.la...,,.. far.l.p. <br />C:LIiwlf <br />?A 14 dT9 .?1 �!r1f1]1a7if MidlNftiT14'la <br />QW..1p IN% - Zi;O o d a <br />W" WA h,t D3i&rtl.�tri : =hniui <br />-.held I:Iwlt <br />P,3Nog OecN. <br />Rlr61nnu,1 of t7.t 3srfY ra+ <br />FLfthM1.P4d&7_ E CM. - nxniya CN wi% <br />IM"r1. Cauray rot: Ih 1-11 C-4-1. <br />::rrwwa a,sf f5.Fl d.' <br />!3^911 G►C+1 h W.} Wrio <br />COLA.ard P^r- a <br />Ann :lvwitl - F&r" P,:4d 4J r4 tlera6la <br />me- 1P05+IL9! i- ek14i.+6 01 .11l Eve al. F. <br />Nw. Fn.I.wau iaek..we. m wl Ir.n.AY4 - I7eNnl-.n 4 <br />I ra>twllww n MW-WW" co-A Aw I1 --tr,a quid <br />IrCENse IDt 111 Culllr4" - <br />14ki =. Ylowrow. 03www wwac} n 45p�lr1d ip1111 E.prni acrn5 <br />'.'kd1 rl�a. ss4tw d q tp (.T Y. - C1a ra 71 Ck.l <br />Bls l3 ry Ma r te f" la.rt- <br />4-t -. H-51 VY.rr-w CI.1Cd" <br />f.UA Op -M.9 .9 Cap.n,119- <br />F Rell"n fdr1 Ntal <br />C:apFNd 4.4 f Plan - : :t>ndM Rwr ?W. 17, l - <br />c np T.e!+'re Flan - Caora Fans No-ios <br />C4Mlb lk"I 10 C{yl drd Fi. s.s'aw F.-I <br />Total E.poulau.ad <br />Rw.lrrJ! S C4W L,r rJL•rl E-4J'4f'3*-- <br />h2dh - lwd slrrwc ~d Fuld Bala,lt(. <br />a. -1 '4 of 4,11ard ii-kAw <br />PFatl.lef I-fri t. <br />T r4ai Debt aft'A cr I•wy -M <br />ad a S6 010--d 114,1gt4 <br />Page 1953 <br />During review, it was determined there isn't a primary election in May <br />of 2011 as represented in the aforementioned plans. As a result, the quarter <br />cent sales tax referendum would have to be voted on in November of 2011; <br />therefore, requiring significant revision to the 5 -year plans. The Board <br />also discussed the TIF (Tax Increment Financing) payment as set forth above, <br />including the County's financial obligation and the proposed building for the <br />Cabarrus Health Alliance. It was determined that several Board members have <br />not seen any information on the proposed building for the Health Alliance. <br />Vice Chairman Poole requested a new 5 -year financial plan (Plan C) showing a <br />two (2) cent property tax rate increase in FY 2011 in lieu of the quarter <br />cent sales tax. <br />Old Bethel School - Sale of Real Property by Action <br />UPON MOTION of Commissioner Carruth, seconded by Commissioner Mynatt <br />and unanimously carried, the Board voted, in accordance with N.C.G.S. 160A- <br />270, to sell the old Bethel School property in Midland by public auction to <br />the highest bidder as soon as practical, in its "as is" condition with a <br />minimum bid of $200,000.00 and to hold the County harmless. <br />After a short discussion on buying and selling school property, it was <br />suggested that the sale proceeds be used for school debt service. <br />Consideration of Additional Agency Budgetary Requests <br />Rowan - Cabarrus Community College <br />After a short discussion, the Board agreed by consensus to add <br />$150,000.00 to the FY 2011 budget for a roof replacement to Building 1000 at <br />f1... <br />:C41i <br />ll]i <br />apu <br />32 <br />am <br />1 817,2 C4.7 i r, <br />i.M +.' 31.5:t^ <br />I' 7117 :. 412 <br />iri9.i61.GT! <br />1mt 139.1 D, <br />i7 a37i p!.1.1 <br />,1•, - $'fy <br />I- fir- +.?TI: <br />I:711 -7 <br />:1 , 4j,4 rA <br />- <br />- <br />j 1$j4 <br />_ <br />t IllU <br />Im.00C <br />17T rdW, <br />71: 7 <br />:21GJ+U3 <br />f 31 lt:Ay;+ <br />2U:!:14. <br />2,:U�. W:. <br />254. {bj <br />751l.noo <br />17 P2, 7G:1} <br />4n1 }72 <br />r CNI2.2 <br />0R2.401 <br />f6l,thl <br />R51:It'E.41■7. <br />18:U 06 <br />100;_(41 <br />711n,l Zy <br />{t AT1 U34) <br />1tfAS31'12G <br />1'A4.f.C11,4 ":G <br />._ t':L X-1,: :rl <br />:1:1 ,'34, t LEI <br />27M. C11AL4 <br />1 .0;10.0'61 <br />itd.04C <br />440. (ilt; <br />'0Q.CW <br />j <br />31 un I Xw1a <br />- <br />- <br />11'_YI n <br />.. <br />- <br />• <br />t.0 ►4:x'7 <br />7•J25,l=1 <br />i,iSJ„d41 <br />3,!1u n4 <br />Ertr! 3.3 <br />1 ,IE.'7. #317 <br />iL +?.,' . <br />1!"w r! <br />2G4,Z Q,a -:•. <br />2;3 9C.6.712 <br />Stu tWs hs1i <br />=z <br />-. 22 <br />+m R:;G :tea <br />IT!2,' .I lfl <br />nzO .078 -r_w' <br />2M, JY_5:.3M <br />2,,.,17 ew <br />C9.7'4 <br />3 fU4 <br />37,7&.1 <br />111441 <br />391.117 <br />1 r1:0. 0- 31 1 .1 <br />SWA XI <br />0XI-03 <br />& - Q.thd <br />eeu 033 <br />- <br />411,5141! <br />1i? - :1N <br />- 4u.Q -t1 <br />in. tnw,, <br />! t `{1,llUti <br />11 15111 <br />I IiU._lLl <br />1124.we! <br />1 - A <br />7 14n_ 1'14 <br />4.77F5.000 <br />114i.Na71 <br />1.197 -090} <br />122 - .0;101 <br />11.1.l.a.TS "? <br />1•_42.41!21 <br />11.&IM -161 <br />I140D <br />;411-. <br />tI-3G Oui{4 <br />S1,Ii+?.; <br />13•.?i, 5421 <br />{77.146} <br />{b!1tt1oul <br />12 4 <br />7. <br />7rIP, :1; - I <br />7, r.77.1M <br />7 T4 176 <br />7.74 T - 747 <br />or 1.x71 <br />- <br />- <br />- <br />, :au <br />IJ ( ➢Z E1, T02; <br />6s,4!17 <br />__01, 39. _.._ <br />_ - -5t 1 .- .� <br />Akrr w <br />'D7 _ P. 19 - w <br />:g3 <br />iii S ®7,73,:7 <br />2DU,O'. T. TdO <br />21,1!022* <br />I n9p.ncv <br />110.0:11 <br />44:, <br />1110.01.2 <br />- <br />1070.GWD <br />71.7a6'41 <br />1,0M"Y 0 <br />1.070.00G <br />1,07MCGO <br />1 5M.3al <br />- <br />- <br />r1, <br />210.iSF.:d:1 <br />491=1,14* <br />41, "Amb <br />41,411 Aft <br />40,22CW15 <br />2147158117 <br />27 3W <br />sn :FX•: <br />i-7%4% <br />1G 1774 <br />lfitp!!% <br />A3J140 <br />.61eICU <br />.LT7J1001 <br />-ser.;& <br />AJY11 <br />47 <br />AYG,17p7.11 <br />44,21518,245 <br />4: <br />42A9?r,6M <br />21.71?I: <br />22's.;% <br />21.1571. <br />24 tu% <br />2G 02% <br />During review, it was determined there isn't a primary election in May <br />of 2011 as represented in the aforementioned plans. As a result, the quarter <br />cent sales tax referendum would have to be voted on in November of 2011; <br />therefore, requiring significant revision to the 5 -year plans. The Board <br />also discussed the TIF (Tax Increment Financing) payment as set forth above, <br />including the County's financial obligation and the proposed building for the <br />Cabarrus Health Alliance. It was determined that several Board members have <br />not seen any information on the proposed building for the Health Alliance. <br />Vice Chairman Poole requested a new 5 -year financial plan (Plan C) showing a <br />two (2) cent property tax rate increase in FY 2011 in lieu of the quarter <br />cent sales tax. <br />Old Bethel School - Sale of Real Property by Action <br />UPON MOTION of Commissioner Carruth, seconded by Commissioner Mynatt <br />and unanimously carried, the Board voted, in accordance with N.C.G.S. 160A- <br />270, to sell the old Bethel School property in Midland by public auction to <br />the highest bidder as soon as practical, in its "as is" condition with a <br />minimum bid of $200,000.00 and to hold the County harmless. <br />After a short discussion on buying and selling school property, it was <br />suggested that the sale proceeds be used for school debt service. <br />Consideration of Additional Agency Budgetary Requests <br />Rowan - Cabarrus Community College <br />After a short discussion, the Board agreed by consensus to add <br />$150,000.00 to the FY 2011 budget for a roof replacement to Building 1000 at <br />