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February 19, 2018 (Regular Meeting) <br />Page 3452 <br />b. The Finance Director is directed to report, at the request of <br />the Board, on the financial status of each project element in <br />Section I and on the total revenues received or claimed. <br />c. Copies of this capital project ordinance shall be furnished to <br />the Clerk to the governing Board, and to the Finance Director <br />for direction in carrying out this project. <br />d. At the completion of a construction project, all unrestricted <br />excess funds are transferred to the General Fund and the portion <br />of the Capital Project associated with the project is closed. <br />Adopted this 19th Day of February, 2018. <br />CABARRUS COUNTY BOARD OF COMMISSIONERS <br />BY: /s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />ATTEST: <br />/s/ Terri Lea Hugie <br />Clerk to the Board <br />(F-10) Finance - North Carolina Education Lottery Payment Applications for <br />School Debt Service <br />Lottery proceeds in the amount of $2,000,000 were included in the FY18 <br />General Fund budget to pay a portion of debt service related to public school <br />debt. Upon approval by the Cabarrus County Board of Education, the Kannapolis <br />City Board of Education and the Cabarrus County Board of Commissioners, two <br />payment request applications will be submitted to the Department of Public <br />Instruction. <br />The Cabarrus County School application is for $1,754,000, and the <br />Kannapolis City School application is for $246,000 for a total of $2,000,000. A <br />budget amendment and Capital Project Ordinance is included for your review. <br />UPON MOTION of Commissioner Kiger, seconded by .Commissioner Shue and <br />unanimously carried, the Board authorized the Cabarrus County Chairman to <br />execute the Public School Building Capital Fund applications to release funds <br />in the amount of $2,000,000 from the North Carolina Education Lottery Fund, and <br />approved the related budget amendment and updated Capital Project Ordinance. <br />pate: v19m19 ,mwne zasm..W <br />pepLNmd: I Suvn hmnnjmn(dnnaed b as l pewrtmmCFnan¢-sublk sdo-1 Ga.'Find <br />_:ntemal iramhrWpF pew rlmem �. Lranate. eetween Oewdmem5/ru,tla P) auwlenenM newest <br />�TW5anxndnnsarenndstWftba,Uhadl guiWing Opitaltotte ndsrWueWdhom McOWar"w td Publklnsi ion. naaunds llbs <br />usedtowardstbe MBxboddebtswekep emx Cabarrv5 County Scboals'pwtinnb$1,y54,W0 and Mnnaorm City Ybooli portion is <br />$246,000. <br />Wna <br />Inatamr <br />oewdment/ogen/ <br />vm*t <br />µ[goltNwne <br />Ppwarea <br />nWeet <br />Iwmese <br />Rmwnt <br />pewsse <br />Nnwnt <br />��� <br />320 <br />6 <br />7ZIp514s <br />10 enuwe15 <br />2Qm9309.W <br />2,0.U.OWW <br />22,OI9.3W-00 <br />320 <br />9 <br />nUGa704 <br />f nt'bm GeneralNntl <br />I N...3119.00 <br />E,IA].OW.W <br />II.p]9,M9.W <br />Ordinance No. 2018-07 <br />PUBLIC SCHOOL BUILDING CAPITAL PROJECTS FUND <br />BUDGET ORDINANCE <br />BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North <br />Carolina that, Pursuant to Section 13.2 of Chapter 159 of the General Statutes <br />of North Carolina, the following capital project ordinance is hereby adopted: <br />Section I. <br />A. The project authorized is the various County construction and <br />renovation related projects. Details of the projects are listed in <br />section C. of this Project Ordinance. <br />B. The officers of this unit are hereby directed to proceed with this <br />capital project within the terms of the Generally Accepted <br />