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<br />August 21, 2006 (Regular Meeting)
<br />
<br />Page 49
<br />
<br />(F-4) Parks and Recreation Department - Budget Amendment (Park Improvements
<br />at Frank Liske Park and Camp T.N. Spencer Park)
<br />
<br />UPON MOTION of Commissioner Carpenter, seconded by Vice Chairman Juba
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF PARKS AND RECREATION
<br />AMOUNT: $297,301.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: On June 19, 2006, the Cabarrus County Board of
<br />Commissioners approved funding the following projects: Softball field #1
<br />renovation at Frank Liske Park ($97,801.00), soccer field's renovation at
<br />Frank Liske Park ($149,500.00) and design/specifications for swimming pool
<br />bathhouse at Camp TN Spencer Park ($50,000.00). The recommended budget
<br />amendment will be required to transfer these funds from Capital Project Fund
<br />Balance to Project Capital accounts.
<br />
<br />Account No.
<br />34091920-9830-0053
<br />Frank Liske Park
<br />34091920-9830-0072
<br />Frank Liske Park
<br />34091920-9830-0520
<br />Camp T.N. Spencer
<br />34061920-6902
<br />Contribution from
<br />
<br />Present
<br />Approved Budget
<br />$102,452.00
<br />
<br />Increase
<br />$97,801.00
<br />
<br />Decrease
<br />
<br />Revised Budget
<br />$200,253.00
<br />
<br />$1,362,516.87
<br />Soccer Complex
<br />$188,395.43
<br />Park
<br />$4,461,754.69
<br />the General Fund
<br />
<br />$149,500.00
<br />
<br />$1,512,016.87
<br />
<br />$50,000.00
<br />
<br />$238,395.43
<br />
<br />$297,301.00
<br />
<br />$4,759,055.69
<br />
<br />(F-5) Resolution Providing for the Issuance of $48 Million School Bonds,
<br />Series 2006
<br />
<br />On November 2, 2004, voters approved General Obligation Bond referenda
<br />for Public Schools and the Community College. The first series of bonds were
<br />issued on March 8, 2005. To meet cash-flow requirements, the final series of
<br />bonds is scheduled for issue in September 2006.
<br />
<br />UPON MOTION of Commissioner Carpenter, seconded by Vice Chairman Juba
<br />and unanimously carried, the Board adopted the following resolution:
<br />
<br />Resolution 2006-24
<br />
<br />EXTRACT FROM MINUTES OF
<br />MEETING OF THE BOARD OF COMMISSIONERS OF THE
<br />COUNTY OF CABARRUS, NORTH CAROLINA
<br />
<br />The Board of Commissioners for the County of Cabarrus, North Carolina,
<br />met in regular session in the Commissioners' Meeting Room in the Cabarrus
<br />County Governmental Center in Concord, North Carolina, the regular place of
<br />meeting, at 6:30 p.m., on August 21, 2006, with Robert W. Carruth, Chairman,
<br />presiding. The following Commissioners were:
<br />
<br />PRESENT: Vice Chairman Joni D. Juba and Commissioners Carolyn B.
<br />Carpenter and Robert M. Freeman
<br />ABSENT: Commissioner Coy C. Privette
<br />ALSO PRESENT: John D. Day, County Manager; Richard M. Koch, County
<br />Attorney; Pamela S. Dubois, Deputy County Manager; and Frankie F. Bonds,
<br />Clerk to the Board
<br />* * * * *
<br />
<br />Commissioner Carpenter introduced the following resolution, a summary
<br />of which had been provided to each Commissioner, a copy of which was
<br />available with the Clerk to the Board and which was read by title:
<br />
<br />RESOLUTION PROVIDING FOR THE ISSUANCE OF
<br />$48,000,000 PUBLIC IMPROVEMENT BONDS, SERIES 2006
<br />
<br />BE IT RESOLVED by the Board of Commissioners (the "Board") for the
<br />County of Cabarrus, North Carolina (the "County"):
<br />
<br />Section 1. The Board has determined and does hereby find, declare and
<br />represent:
<br />(a) That an order authorizing not exceeding $94,900,000 School Bonds
<br />was adopted by the Board on August 25, 2004, which order was approved by the
<br />vote of a majority of the qualified voters of said County who voted thereon
<br />at a special referendum duly called and held on November 2, 2004.
<br />
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