BC 2007 06 04 Wk. Session - Laserfiche WebLink

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June 4, 2007 (Work Session) Page 391 John Day, County Manager, reported Billy Ray Hall, Director of the North Carolina Rural Economic Development Center, Inc., asked Cabarrus County to partner with the other rural counties in the State and support the resolution for the Clean Water Act. He reported there are 16 counties in the State that are not considered rural and Cabarrus County is one of them. However, he said Mr. Hall is asking for support from all counties. Commissioner Privette MOVED to place the resolution of support for the Clean Water Act of 2007 on the June 18, 2007 Agenda as a Consent item. Commissioner Mynatt seconded the motion. Commissioner White objected and stated his preference for the ite m to be considered as a New Business item. ' Commissioners Privette and Mynatt agreed to change the motion and place the item on New Business. The MOTION unanimously carried. FY OS Department of Juvenile Justice and Delinquency Prevention (DJJDP) Funding Plan Pam Dubois, Deputy County Manager, gave a brief overview of the DJJDP program totals, including the County's match of $6,967.00 for the Genesis program. She reported the match is included in the FY 07/08 budget. UPON MOTION of Commissioner Mynatt, seconded by Commissioner White and unanimously carried, the Board voted to place the FY 08 Funding Plan for the Department of Juvenile Justice and Delinquency Prevention on the June 18, 2007 Agenda as a Consent item. Department of Social Services - Renewal of Annual Contract with Good Health Services - $1,558,000.00 John D. Day, County Manager, reported this renewal contract provides services that allow elderly individuals to remain in their homes. He further reported the services used to be provided in-house, but were outsourced due to high costs of Workers' Compensation claims, high volume of turnover, etc. Pam Dubois, Deputy County Manager, briefly reported on the success of the program. ' Commissioner Privette made a MOTION to place the renewal of the annual contract with Good Health Services for the Department of Social Services on the June 16, 2007 Agenda as a Consent item. Commissioner White seconded the motion. Ms. Dubois responded to several questions from the Board concerning competitive bids, accident rates, workers' compensation costs, liability issues, etc. After a brief discussion, the MOTION unanimously carried. Selection of a Debt Instrument to Fund the New High School and Land Purchase in Kannapolis Pam Dubois, Deputy County Manager, presented the following information: Cabarrus County Board of Commissioners previously approved to enter into an installment financing agreement not to exceed $8,500,000 for the purpose of providing funding to fast track the new High School in the Northwest Area of the County. In January of 2008, the County anticipates issuing debt to cover the cost of constructing the New High School; eliminating the installment financing in the amount not to exceed $8,500,000; and, purchasing land for a new school in Kannapolis. ' There are two options for this financing: General Obligation Bonds and Certificates of Participation. The Board has been provided some data comparing the two options but a summary is listed below: 1. The interest rate difference is estimated at .1818 higher for the COPS versus the GO Bonds. 2. The overall interest cost is estimated at $521,525 higher for the COPS versus the GO Bonds but the COPS will also have a higher principal balance of $600,000 which can be used for projects.