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<br />February 21, 2005 (Regular Meeting)
<br />
<br />Page
<br />
<br />90
<br />
<br />Agreement on behalf of Cabarrus County, subject to revisions by the County
<br />Attorney.
<br />
<br />(F-9) Consent Agreement with TWAM, LLC for the pointe at St. Andrews
<br />Subdivision
<br />
<br />,
<br />
<br />TWAM, LLC, is developing the Pointe at St. Andrews Subdivision
<br />consisting of 42 single family lots on approximately 13.6 acres off Flowes
<br />Store Road. The Cabarrus County Planning and Zoning Commission approved the
<br />subdivision on January 20, 2005. The developer has agreed to a contribution
<br />of $4,034.00 per lot to advance school adequacy.
<br />
<br />UPON MOTION of vice Chairman Carruth, seconded by Commissioner Privette
<br />and unanimously carried, the Board approved the Consent Agreement between
<br />Cabarrus County and TWAM, LLC for the Pointe at St. Andrews Subdivision,
<br />including the payment of $4,034.00 per lot to advance school adequacy.
<br />Further, the Board authorized the County Manager to execute the Consent
<br />Agreement on behalf of Cabarrus county, subj ect to revisions by the County
<br />Attorney.
<br />
<br />(F-10) Finance Budget
<br />Participation Series 2001)
<br />
<br />Amendment
<br />
<br />(Completion
<br />
<br />of
<br />
<br />of
<br />
<br />Certificates
<br />
<br />UPON MOTION of Vice Chairman Carruth, seconded by Commissioner Privette
<br />and unanimously carried, the Board adopted the following budget amendment:
<br />
<br />BUDGET REVISION/AMENDMENT REQUEST
<br />
<br />DEPARTMENT OF FINANCE
<br />AMOUNT: $$42,376,172.00
<br />TYPE OF ADJUSTMENT: Supplemental Request
<br />PURPOSE OF REQUEST: The Certificates of Participation Series 2001 Capital
<br />Projects have been completed. This budget request is done for the formality
<br />of closing the fund in our financial software. The purpose of the
<br />Certificates of Participation Series 2001 Fund was to construct the following
<br />schools: Cox Mill Elementary, Harris Road Middle and CC Griff'in Middle
<br />School.
<br />
<br />Present
<br />Approved Budget
<br />$645,392.00
<br />
<br />Increase
<br />
<br />Account No.
<br />36060000-6406
<br />Sales Tax Refund
<br />36060000-6705 $1,730,780.00
<br />Interest on Investments - COPS
<br />36060000-6918 $40,000,000.00
<br />Proceeds from COPS
<br />36097316-9609 $107,240.00
<br />Legal Fees - Cox Mill
<br />36097316-9820 $9,220,359.00
<br />Building Improvements - Cox Mill
<br />36097316-9860 $932,951.00
<br />Equipment and Furniture - Cox Mill
<br />36097317-9609 $111,808.00
<br />Legal Fees - Harris Road
<br />36097317-9820 $13,937,743.00
<br />Building Improvements - Harris Road
<br />36097317-9860 $1,380,834.00
<br />Equipment and Furniture - Harris Road
<br />36097318-9609 $269,669.00
<br />Legal Fees - CC Griffin
<br />36097318-9704 $1,954,160.00
<br />Contribution to General Fund
<br />36097318-9820 $13,032,411.00
<br />Building Improvements - CC Griffin
<br />36097318-9860 $1,426,997.00
<br />Equipment and Furniture - CC Griffin
<br />36097318-9436 $2,000.00
<br />Arbitrage Expense
<br />
<br />Decrease Revised Budget
<br />$645,392.00 $0.00
<br />$1,730,780.00 $0.00
<br />$40,000,000.00 $0.00
<br />$107,240.00 $0.00
<br />$9,220,359.00 $0.00
<br />$932,951. 00 $0.00
<br />$111,808.00 $0.00
<br />$13,937,743.00 $0.00
<br />$1,380,834.00 $0.00
<br />$269,669.00 $0.00
<br />$1,954,160.00 $0.00
<br />$13,032,411.00 $0.00
<br />$1,426,997.00 $0.00
<br />$2,000.00 $0.00
<br />
<br />(F-11) Contract with H&R Lawn Service, Inc. for County Property Turf
<br />Improvements
<br />
<br />The following three quotes were received for the annual turf
<br />improvement service: H&R Lawn Service, Inc. $68,983.00; Barnhardt
<br />Landscape, Inc. - $80,802.78; Benfield Services - $88,000.00. The contract
<br />will include improvements to 20 of the County's properties or approximately
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