|
480
<br />
<br />BB&T 4.03% $3,100,000.00 361,564.20
<br />Centura 4.34% $3,100,000.00 381,890.00
<br />First Citizens 4.35% $3,100,000.00 382,797.06
<br />Bank
<br />Wachovia Bank 4.41% $3,100,000.00 388,242.17
<br />First Union 4.43% $3,100,000.00 390,058.20
<br />
<br />500
<br />
<br />$3,461,564.20
<br />$3,481,890.00
<br />$3,483,297.06
<br />
<br /> $3,488,242.17
<br />300* $3,490,058.20
<br />
<br />*Approximation $25.00 per wire and $10.00 per check
<br />
<br /> At 7:35 P.M., Chairman Casper opened the public hearing concerning the
<br />financing proposals for the radio communications project and the new computer
<br />system and software and asked if anyone wished to address the Board regarding
<br />these proposals. There was no present to address the Board, and Chairman Casper
<br />closed the public hearing.
<br />
<br /> The Public Hearing Notice was published in THE INDEPENDENT TRIBUNE on
<br />January 7, 1998.
<br />
<br /> Mr. Bennett recommended the acceptance of the low bid from First Charter
<br />National Bank at the interest rate of 4.03 percent for a term of five years. He
<br />pointed out that BB&T also submitted a bid of 4.03 percent; however, the
<br />amortization schedule provided by BB&T was about $4,600.00 more interest over the
<br />life of the loan.
<br />
<br /> UPON MOTION of Commissioner Barnhart, seconded by Commissioner Carpenter and
<br />unanimously carried, the Board accepted the low bid from First Charter National
<br />Bank at an interest rate of 4.03 percent for five years for the financing of
<br />$3,100,000.00 for the 800 MHZ radio communications project and the new computer
<br />hardware and software and authorized Mr. Blair Bennett, Deputy County Manager for
<br />Administration, to proceed with closing the loan.
<br />
<br />Road Name Change- Brick Park Place to Bill Mcgee Road- Public Hearing - 7500 P.M.
<br />
<br /> At 7:40 P.M., Chairman Casper opened the public hearing concerning the
<br />renaming of Brick Park Place to Bill McGee Road (Petition 97-05) and asked if
<br />anyone wished to address the Board regarding the proposed road name change.
<br />There was no one present who wished to speak regarding the issue, and Chairman
<br />Casper closed the public hearing.
<br />
<br /> UPON MOTION of Commissioner Barnhart, seconded by Commissioner Niblock and
<br />unanimously carried, the Board approved the following road name change (Petition
<br />97-05): Brick Park Place to Bill McGee Road.
<br />
<br />INFORMAL PUBLIC COMMENTS
<br />
<br /> With the consensus of the Board, Chairman Casper recognized Mr. Andy Yates
<br />for comments at this time.
<br />
<br /> Mr. Andy Yates, Senior at Central Cabarrus High School, spoke in support of
<br />the referendum on February 24 concerning the levy of an additional one cent sales
<br />and use tax and a one percent real property transfer tax to fund school
<br />facilities. He invited the public to visit the schools to view first hand the
<br />overcrowding, lack of educational tools and outdated research materials.
<br />
<br />~en~ents to the C~ar~s ~t~ S~division Re~lations - P~lic Hearing -7:00
<br />P.M.
<br />
<br /> Mr. Jonathan Marshall, Planning Services Director, presented Petition 97-
<br />06(S) which included three amendments to the Cabarrus County Subdivision
<br />Regulations relative to Sedimentation Pollution Control (Section 66-72),
<br />Reservation of School Sites (Section 66-80) and Adequate Public Facilities
<br />Standards (Section 66-81). He added the words "will be" in the second sentence
<br />of Section 66-80 for the sentence to read as follows "...the Board of Education
<br />will be notified." The Planning and Zoning Commission voted 9 to 0 in December
<br />to approve the Petition.
<br />
<br /> At 7~50 P.M., Chairman Casper opened the public hearing for Petition 97-
<br />06(S) and asked if anyone wished to address the Board regarding the proposed
<br />amendments.
<br />
<br /> Mr. Jim Scarbrough, Attorney representing the Homebuilders Association,
<br />questioned consideration of the proposed adequate public facilities standards
<br />(Section 66-81) prior to the preparation of the unified development ordinance
<br />
<br />
<br />
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