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July 10, 2006 (Regular Meeting) Page 10 You are hereby authorized, empowered, and commanded to collect the 2006 taxes set forth in the tax records filed in the office of the Cabarrus County Assessor I and in the tax receipts herewith delivered to you, in the amounts and from the taxpayers likewise set forth. Such taxes are hereby declared to be a first lien upon all real property of the respective taxpayers in the County of Cabarrus. This Order shall be a full and sufficient authority to direct, require enable you to levy on and sell any real or personal property of taxpayers, for and on account thereof, in accordance with the law. and such Witness my hand and official seal, this 10th day of July 2006. /s/ Robert W. Carruth Robert W. Carruth, Chairman Cabarrus County Board of Commissioners Attest: /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board Cabarrus County Commissioners (F-4) Custody Agreement with Bank of New York for CUstodial Banking Services for Invested Securities Over the past two years under the banking agreement with Bank of America, Bank of New York has been providing custodial services for the County's invested securities. Since the County no longer banks with Bank of America, it is necessary to enter into a custody agreement with the Bank of New York to continue this service. The fee schedule is on file with the Finance Department. UPON MOTION of Vice Chairman Juba, seconded by Commissioner Carpenter and unanimously carried, the Board approved the Custody Agreement with the Bank of New York for custodial banking services for invested securities as set forth in the Agenda and authorized the Deputy County Manager/Finance Director to execute the Agreement. (F-5) Replacement of Landfill Trash Compactor Damaged by Fire - Authorize Purchase of Compactor form Road Machinery, Inc. with Intended Piggyback of City of Enid, Oklahoma, Bid and Adoption of Budget Amendment The trash compactor at the County Landfill was damaged by fire in early June. Staff has recommended the purchase of a landfill trash compactor by piggybacking a bid awarded previously by the City of Enid, Oklahoma to Kirby- Smith Machinery, Inc. (area distributor). The equipment will be purchased through the Cabarrus County area distributor (Road Machinery, Inc.). The notice of intent to consider the piggyback intention was posted on the County's website on June 23, 2006. UPON MOTION of Vice Chairman Juba, seconded by Commissioner Carpenter and unanimously carried, the Board authorized the purchase of a CMI Terex 375E Landfill Trash Compactor from Road Machinery, Inc. (area distributor) by piggybacking the original bid awarded to Kirby-Smith Machinery, Inc. (area distributor), in January 2006 by the City of Enid, Oklahoma, at a cost of $439,950.00. Further, the Board declared the damaged compactor surplus for disposal purposes and adopted the following budget amendment: BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF SOLID WASTE AMOUNT: $439,950.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: To fund the purchase of a landfill trash compactor to replace the current machine that was damaged by fire in early June. This purchase will be covered by insurance proceeds totaling $281,184.00 and revenues received from the sale of the damaged machine totaling $30,000.00. The balance of the fund will come from appropriated fund balance. Account No. 27094610-9860 Equipment and 27064610-6804 Insurance Refund 27064610-6801 Sale of Fixed Assets Present Approved Budget $581,000.00 Furniture Increase $439,950.00 Decrease Revised Budget $1,020,950.00 $0.00 $281,184.00 $281,184.00 $0.00 $30,000.00 $30,000.00