BC 2009 01 20 Regular - Laserfiche WebLink

Home Browse Search

January 20, 2009 (Regular Meeting) Page 1131 Section 8. Copies of this capital project ordinance shall be furnished to the Clerk to the Governing Board, and to the Budget Officer and the Finance Officer for direction in carrying out this project. Section 9. At the completion of the construction project, all unrestricted excess funds are transferred to the Capital Reserve Fund and the Capital Project Ordinance is closed. Section 10. The County Manager is hereby authorized to transfer revenues and appropriation within an ordinance as contained herein under the following conditions: a. The Manager may transfer amounts between objects of expenditures and revenues within a function without limitation. b. The Manager may transfer amounts up to $100,000 between functions of the same ordinance. c. The Manager may transfer amounts between contingency funds, which are set aside for a specific project upon the appropriate approval of the change order. d. The Manager may enter into and execute change orders or amendments to County construction contracts in amounts up to $50,000 when the project ordinance contains sufficient appropriated but unencumbered funds. Adopted this 20th day of January, 2009. CABARRUS COUNTY BOARD OF COMMISSIONERS BY: /s/ H. Jay White, Sr. H. Jay White, Sr., Chairman ATTEST: /s/ Kay Honeycutt Kay Honeycutt, Clerk to the Board BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF FINANCE AMOUNT: $1,810,000.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OE REQUEST: Establish the Southeast Cabarrus Community Park Project Ordinance as adopted in the FY 2009 Capital Improvement Plan. Present Account No. Approved Budget 95097220-9821 $11,621,563.00 Building and Renovation 95097220-9706 $12,902,996.00 Cont. Capital Proj 34061920-6921-0618 $0.00 Cont. from Cap. Rsv 34091920-9830-0619 $0.00 Other Improvements Increase Decrease Revised Budget $1,810,000.00 $11,811,563.00 $1,810,000.00 $14,712,996.00 $1,810,000.00 $1,810,000.00 $1,810,000.00 $1,810,000.00 Finance - Middle On October 23, 2008, the Cabarrus County Board of Education adopted a Resolution, a Memorandum of Lease and an Agency Agreement for the title of the Hickory Ridge Middle School Property to be transferred to the Cabarrus County Board of Commissioners. Receipt of the title will allow reimbursements of sales tax to be obtained by Cabarrus County. The County will hold the title to the school property for twenty years until the debt is retired on the construction of the facility. The Cabarrus County Board of Education will lease the property for $1.00 per year for the life of the 20- year lease. UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Mynatt and unanimously carried, the Board approved and authorized the Chairman to sign the Memorandum of Lease, the Lease and the Agency Agreement between Cabarrus County (Lessor) and Cabarrus County Board of Education (Lessee), pending attorney review.