BC 2006 05 15 REGULAR - Laserfiche WebLink

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May 15, 2006 - Regular Meeting Page 607 commissioner Carpenter offered an amendment to set aside $100,000.00 to start a maintenance fund for the Arena and Events Center and to use the remaining funds towards a debt service payment. Chairman Carruth seconded Commissioner Carpenter's amendment. Vice Chairman Juba pointed out that a $100,000.00 contribution would not make a dent in the repair costs for a facility the size of the Arena. The amendment failed with Chairman Carruth and Commissioner Carpenter voting for and Vice Chairman Juba and Commissioners Freeman and Privette voting against. vice Chairman Juba offered an amendment to utilize Option NO.1. Chairman Carruth seconded the amendment. Chairman Carruth stated his intent to make an amendment to request that the item be tabled for future discussion. Vice Chairman Juba withdrew her amendment. commissioner Privette stated Option No. 2 would demonstrate to the citizens that the Board is trying to reduce the County's indebtedness. Mr. Day explained that applying these funds towards a future debt service payment will free up $483,508.00 in General Fund expenses for next year. He stated this issue could be discussed during the upcoming budget workshops. Chairman Carruth suggested the establishment of a capital maintenance and repair fund for the Cabarrus Arena and Events Center be discussed during the upcoming budget workshops. UPON MOTION of Commissioner Privette, seconded by Commissioner Freeman with Chairman Carruth, and Commissioners Carpenter, Freeman and Privette voting for and Vice Chairman Juba voting against, the Board chose Option 2 to apply the $483,508.00 in the Arena Construction Fund towards a future debt service payment and authorized staff to execute appropriate budget amendment (s) . (G-8) Review of Offer to Purchase Property Adjoining Lake Don T. Howell that is Jointly Owned by Cabarrus County and the Water I< Sewer Authority of Cabarrus County Jonathan Marshall, Commerce Director, reported Wayne Motley has submitted an offer in the amount of $574,000.00 to purchase 28 acres of land at Lake Howell. The property is jointly owned by Cabarrus County and the Water and Sewer Authority of Cabarrus County (WSACC) and was recently appraised at approximately $1 million. He stated this property was originally purchased to provide access to a land-locked parcel and to provide additional buffers for the reservoir. In previous discussions with WSACC staff, Mr. Marshall said they have indicated that, if a sale is considered, some portion of the property should be retained for buffer and proceeds of the sale designated for future land purchase around the reservoir as identified in the Critical Needs Study. Finally, he reported the WSACC Board will be considering the offer at its June meeting. Coleman Keeter, Executive Director of WSACC, reported the property is part of the critical area of the watershed, is very steep and drains directly into the Lake. He explained how the critical area relates to preserving the County's drinking water. Bob Brooks, Real Estate Broker in Charge for Century 21 Cornerstone at the Speedway, introduced the following persons who were present: Real Estate Agent John Chaney; Contractor Stephen Hartsell; and the prospective buyers Wayne Motley, Jr. and Wayne Motley, Sr. Mr. Hartsell commented on the design aspects of the proposed subdivision, erosion control methods to be utilized during construction, average lot sizes for the well and septic community, landscape and vegetative buffer requirements, water reclamation efforts, stormwater runoff, etc. Chairman Carruth made a motion to table this item until the June meeting in order to give the Water and Sewer Authority of Cabarrus County time to review the offer.