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71 <br /> <br /> Section 2. The officers of this unit are hereby directed to <br />proceed with this capital project within the terms of the COPS <br />resolution and the budget contained herein. <br /> <br /> Section 3. The following amount is appropriated for the <br />project: <br /> <br /> Cabarrus County Schools $40,000,000.00 <br /> Section 4. The following revenues are anticipated to be <br />available to complete this project: <br /> <br /> Proceeds from certificates of <br /> Participation $40,000,000.00 <br /> <br /> Section 5. The Finance Officer is hereby directed to <br />maintain within the Capital Project Fund sufficient detailed <br />accounting records to satisfy the terms of the COPS resolution. <br /> <br /> Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement requests <br />should be made to the grantor agency in an orderly and timely <br />manner. <br /> <br /> Section 7. The Finance Officer is directed to report, on a <br />monthly basis, on the financial status of each project element in <br />Section 3 and on the total revenues received or claimed. <br /> <br /> Section 8. Copies of this capital project ordinance shall <br />be furnished to the Clerk to the Governing Board, and to the <br />Budget Officer and the Finance Officer for direction in carrying <br />out this project. <br /> <br />Adopted this 23rd day of April, 2001. <br /> <br />ATTEST: <br />/s/ Frankie F. Bonds <br /> <br />Clerk to the Board <br /> <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Arne L. Fennel <br /> <br />Arne Fennel, Chair <br /> <br />BUDGET REVISION/AMENDMENT REQUEST <br /> <br />DEPARTMENT OF Finance <br />AMOUNT: $ 10,627,192.00 <br />TYPE OF ADJUSTMENT: Supplemental Request <br />PURPOSE OF REQUEST: To close out the completed Rocky River Elementary School <br />Construction Fund. <br /> <br /> Present <br />Account No. ADDroved Budqet <br />33067301-6406 $ 204,585.00 <br />Sales Tax Refund <br />33067301-6703 $ 522,607.00 <br /> Interest on Investments - Lease <br />33067301-6905 $ 9,900,000.00 <br />Proceeds from Lease <br />33097301-9161 $ 40,892.00 <br />Engineering <br />33097301-9165 $ 400,941.00 <br />Architects <br />33097301-9171 $ 33,930.00 <br />Legal Fees <br />33097301-9704 $' 723,637.00 <br /> Contribution to General Fund <br />33097301-9801 $ 74,150.00 <br />Land Acquisition <br />33097301-9820 $8,943,249.00 <br />Building Improvements <br />33097301-9860 $ 410,393.00 <br /> Equipment & Furniture <br /> <br />Increase <br /> <br /> Revised <br />Decrease Budget <br />$ 204,585.00 - <br /> <br />$ 522,607.00 - <br />$9,900,000.00 - <br />$ 40,892.00 - <br />$ 400,941.00 - <br />$ 33,930.00 - <br />$ 723,637.00 - <br />$ 74,150.00 - <br />$8,943,249.00 - <br />$ 410,393.00 - <br /> <br />Rocky Meadows Subdivision (Randy Humphrey,' Inc.) - PropoSed Water Line Fee <br />Agreement <br /> <br /> Mr. Jonathan Marshall, Planning Services Director, reviewed the proposed <br />water line fee agreement concerning the Rocky Meadows Subdivision. The Board <br />approved the 142-1ot residential subdivision on November 15, 1999 under the' <br />following conditions: that the developer Randy Humphrey, Inc., donate 23 acres <br />to Cabarrus County;'~ that the development rights on that 23 acres be <br />transferred to 72 acres on the east side of Rocky River Road; and that <br />approximately $130,000.00 deposited with the Clerk of Court in the Water and <br />Sewer Authority condemnation proceeding on 13 of the 23 acres be transferred <br />to Cabarrus County in exchange for the 13-acre parcel being deeded to the <br />Water and Sewer Authority. Further, Mr. Marshall reported the Rocky Meadows <br /> <br /> <br />