BC 2009 01 05 Work Session - Laserfiche WebLink

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January 5, 2009 (Work Session) Page 1122 school, slated for funding in 2009, will provide relief for J.N. Fries and C.C. Griffin Middle Schools. The CIP also includes an addition to Central Cabarrus High School, to be funded in 2013. The CIP includes a new west/central high school, to be funded in 2013, providing relief to Central Cabarrus, Concord, Hickory Ridge and J.M. Robinson High Schools. Cabarrus County Schools operating at 1108 capacity are considered to be operating at the maximum capacity. In response to a question posed by Commissioner Poole, Ms. Morris and John Day, County Manager, explained the County maintains its own Capital Improvement Plan (CIP) separate from plans issued by the school systems, and uses said plan when calculating school capacity. UPON MOTION of Commissioner Poole, seconded by Vice Chairman Mynatt, and unanimously carried, the Board voted to place the Consent Agreement for the Wyndham Estates Subdivision Project on the January 20, 2009 Agenda as a New Business item. Aging - Approval of Department of Aging's Policies and Procedures for Naming Facilities and Parka Michael Murphy, Director of Aging Services, reported the Department of Aging Advisory Board has discussed naming the picnic shelter, walking trail, and park located behind the Senior Center on Highway 73. Further, he said a naming policy has been drafted based on one implemented by the Parks Department and a public hearing will be held on February 16, 2009 by the advisory board to receive public input. Vice Chairman Mynatt stated it seems reasonable to take a policy that is already being used and apply it to the Department of Aging. A brief discussion ensued regarding naming a facility after a person who is deceased. Pam Dubois, Deputy County Manager, presented information regarding a resolution to approve the refinancing of prior installment financing contracts of various public projects up to $60 million. She explained if interest rates become favorable later in the year, the County should have the option to refinance this debt to save money and that the resolution calls for a public hearing. She alsoresponded to questions from the Board, reporting the Local Government Commission requires that a certain amount of savings must be acquired in order for a refinance to be approved. She also explained that the refinancing of the debt will not increase the life of the debt and that the approval of this resolution will require a public hearing to be held. UPON MOTION of Commissioner Poole, seconded by Commissioner Privette and unanimously carried, the Board voted to place the Resolution Related to Refinancing of Prior Installment Financing Contracts of Various Public Projects and Calling for a Required Public Hearing on the January 20, 2009 Agenda as a New Business item. Finance - Resolution Relating to the Long-term Installment Contract Financings of Various Public School Projects and Call for a Public Hearing Pam Dubois, Deputy County Manager, presented information related to a resolution regarding the long-term installment contract financings of various public school projects totaling $130 million. She reported the following: this request will allow for the construction of two middle schools, two elementary schools, wing additions at two elementary schools, and renovations at A.L. Brown High School; the County has funded the land, architecture, and engineering for a majority of these projects; these projects are included in the Capital Improvement Plan (CIP); funding for these projects will not exceed $130 million and the County will only borrow what is needed; etc. She also responded to questions from the Board. UPON MOTION of Vice Chairman Mynatt, seconded by Commissioner Poole and unanimously carried, the Board voted to place the Approval of Department of Aging's Policies and Procedures for Naming Facilities and Parks on the January 20, 2009 Agenda as a Consent item.