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April 19, 2004 Page 417 <br /> <br /> Present <br />Account No. Approved Budget Increase <br />41063661-6432 $0.00 $170,850.00 <br />HOME Consortium Revenues - HOME 04 <br />41063661-6902 $0.00 $39,077.00 <br />Contribution from General Fund <br />41093661-9383 $0.00 $195,382.00 <br /> Sub-Contractor Construction - HOME 04 <br />41093661-9605 $0.00 $14,545.00 <br /> Consultants <br /> <br />Decrease <br /> <br />Revised Budqet <br /> <br />$170,850.00 <br />$39,077.00 <br />$195,382.00 <br />$14,545.00 <br /> <br />(F-9) Construction and Renovations Capital Projects Fund - Project Ordinance <br />and Related Budget Amendment <br /> <br /> UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board adopted the following Capital Project <br />Ordinance and budget amendments for the new Rowan-Cabarrus Community College <br />Business Center. <br /> Ordinance No. 2004-06 <br /> CAPITAL PROJECT ORDINANCE <br /> <br /> BE IT ORDAINED, by the Board of County Commissioners of the County of <br />Cabarrus, North Carolina, that, pursuant to Section 13.2 of Chapter 159 of <br />the General Statutes of North Carolina, the following capital project <br />ordinance is hereby adopted: <br /> <br /> Section 1. The project authorized is the construction of a parking lot <br />and the design cost of building 3000 at Rowan Cabarrus Community College and <br />Phase I and Phase II renovation of the old Cabarrus County School <br />Administration Building. The capital projects will be financed by <br />Installment Financing and a contribution from the Cabarrus County General <br />Fund for Phase I renovations. <br /> <br /> Section 2. The officers of this unit are hereby directed to proceed <br />with this capital project within the terms of the Installment Financing <br />resolution and the budget contained herein. <br /> <br /> Section 3. The following budgeted amounts are appropriated for the <br />projects: <br /> <br />Parking Lot RCCC <br />Design Cost of Building 3000 at RCCC <br />Phase I School Administration Building <br />Phase II School Administration Building <br /> <br />$ 400,000 <br />$ 500,oo0 <br />$ 189,500 <br />$3,600,000 <br /> <br /> Section 4. The following revenues are anticipated to be available to <br />complete this project: <br /> <br />Proceeds from Installment Financing $4,500,000 <br />Contribution from Cabarrus County General Fund $ 189,500 <br /> <br /> Section 5. The Finance Officer is hereby directed to maintain within <br />the Capital Project Fund sufficient detailed accounting records to satisfy <br />the terms of the Installment Financing resolution. <br /> <br /> Section 6. Funds may be advanced from the General Fund for the purpose <br />of making payments as due. Reimbursement requests should be made to the <br />grantor agencies in an orderly and timely manner. <br /> <br /> Section 7. The Finance Officer is directed to report, on a monthly <br />basis, on the financial status of each project element in Section 3 and on <br />the total revenues received or claimed. <br /> <br /> Section 8. Copies of this capital project ordinance shall be furnished <br />to the Clerk to the Governing Board, and to the Budget Officer and the <br />Finance Officer for direction in carrying out this project. <br /> <br />Adopted this 19th day of April 2004. <br /> <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />/s/ Robert M. Freeman <br />Robert M. Freeman <br /> <br />ATTEST: <br />/s/ Frankie F. Bonds <br /> <br />Clerk to the Board <br /> <br /> <br />