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<br />
<br /> Sheriff Robert Canaday reviewed the Jail Health Plan which he explained
<br />was one part of the new Jail Operations Manual required by the State. During
<br />review, the Board discussed coverage by medical personnel for seven days a week
<br />as compared to five days a week.
<br /> UPON MOTION of Commissioner Barnhart, seconded by Commissioner Hamby with
<br />Commissioners Barnhart, Hamby, and Payne and Chairman Carpenter voting for, the
<br />Board adopted the Jail Health Plan as. presented by Sheriff Robert Canaday.
<br /> Mr. Blair D. Bennett, Finance Director, reported that he had received
<br />proposals from First Union National Bank and Wachovia Bank & Trust for the lease
<br />financing of equipment totalling $627,487.00. He recommended that the County
<br />accept the lowest rate of 5.01 percent fixed from Wachovia Bank & Trust for the
<br />following equipment: Electronic Plotter $37,500.00; Power Station
<br />$112,530.00; Two Work Stations @ $18,976.00 - $37,952.00; Communication Consoles
<br />- $350,505.00; AS 400 Computer System $81,500.00; and Two Work Station
<br />Digitizers @ $3,750.00 $7,500.00.
<br /> As an employee of International Business Machines (IBM), Commissioner
<br />Barnhart requested to abstain from voting in the lease financing for the computer
<br />equipment.
<br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Carpenter with
<br />Commissioners Payne, Carpenter, Barnhart, and Hamby voting for, the Board moved
<br />to permit Commissioner Barnhart to abstain from voting in the lease financing
<br />for the computerequtpment as he is an employee of IBM.
<br /> UPON MOTION of Commissioner Hamby, seconded by Commissioner Payne with
<br />Commissioners Hamby and Payne and Chairman Carpenter voting for and Commissioner
<br />Barnhart abstaining, the Board accepted the proposal from Wachovia Bank & Trust
<br />for lease financing of equipment totalling $627,487.00 at a rate of 5.01 percent
<br />fixed, with payments being semi-annual for five years using an escrow funding
<br />arrangement. The Board further authorized Chairman Carpenter to execute the
<br />finalized lease agreement with Wachovia Bank & Trust for the equipment.
<br /> As an employee of IBM, Commissioner Barnhart requested permission to
<br />abstain from voting on the Cabarrus County Lease Purchase Financing Resolution.
<br /> UPON MOTION of Commissioner Carpenter, seconded by Commissioner Hamby with
<br />Commissioners Hamby, Barnhart, and Payne and Chairman Carpenter voting for, the
<br />Board voted to permit Commissioner Barnhart to abstain from voting on the
<br />Cabarrus County Lease Purchase Financing Resolution.
<br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Hamby with
<br />Commissioners Payne and Hamby and Chairman Carpenter voting for and Commissioner
<br />Barnhart abstaining, the Board approved the following Cabarrus County Lease
<br />Purchase Financing Resolution and authorized Chairman Carpenter to execute the
<br />Resolution on behalf of Cabarrus County.
<br />
<br />CABARRUS COUNTY LEASE PURCHASE FINANCING RESOLUTION
<br />
<br /> On January 21, 1992, the Board of Commissioners of Cabarrus County, North
<br />Carolina (Lessee) found and determined that the reasonably anticipated amount
<br />of tax-exempt obligations (other than private activity bonds), which will be
<br />issued by Lessee and all its subordinate entities during this calendar year will
<br />not exceed $10,000,000.00. Additionally, the obligation referred to as
<br />Supplementary Schedule Number One, between Wachovia Leasing Corporation and
<br />Lessee was designated a "qualified tax-exempt obligation" within the meaning of
<br />section 265 (b) (3) (B) (ii) of the Internal Revenue Code of 1986 on the same
<br />date.
<br />
<br />ATTEST:
<br />(Seal)
<br />By: /s/ Frankie F. Bonds
<br />
<br />Frankie F. Bonds
<br />Clerk, Board of Commissioners
<br />
<br />By:
<br />
<br />CABARRUS COUNTY
<br />
<br /> /s/ Carolyn B. Carpenter
<br />.Carolyn B. Carpenter
<br /> Chairman, Board of Commissioners
<br />
<br /> Mr. Blair Bennett, Finance Director, reviewed a request that the Board
<br />forgive an occupancy tax penalty for Day's Inn in the amount of $700.00 for the
<br />late filing of the October 1991 report.
<br /> UPON MOTION of Commissioner Hamby, seconded by Commissioner Payne with
<br />Commissioners Hamby, Payne, and Barnhart and Chairman Carpenter voting for, the
<br />Board adopted the following memorandum from Mr. Blair Bennett, Finance Director,
<br />as its findings of good cause in the matter of the Day's Inn occupancy tax
<br />penalty and agreed to forgive the penalty in the amount of $700.00.
<br />
<br />
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