BC 2018 02 19 Regular Meeting - Laserfiche WebLink

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February 19, 2018 (Regular Meeting) Page 3456 Section 3. The addition of the WE Site to the collateral securing the 2011A Deed of Trust and the lien thereof, and thereafter the release of the MPMS Site from the collateral securing the 2011A Deed of Trust and the lien thereof, are hereby approved. The Trustee of the 2011A Deed of Trust and the Beneficiary are hereby requested to take any and all actions to effectuate the addition, substitution and release described herein from the lien of the 2011A Deed of Trust. Section 4. The Chairman of the Board of Commissioners, the County Manager, the Director of Finance and the County Attorney are hereby authorized to take any and all action, including, without limitation, approval of modifications to the terms of the existing 2011A Deed of Trust, and to execute and deliver for and on behalf of the County such other documents and certificates relating to the addition, substitution and release described herein from the lien of the 2011A Deed of Trust as they may deem necessary or advisable to carry out the intent of this resolution and to effect the addition, substitution and release described herein from the lien of the 2011A Deed of Trust. Execution of such documents and certificates by the Chairman of the Board of Commissioners or the County Manager shall conclusively evidence their approval of all such documents and certificates. The County Clerk is hereby authorized to affix the seal of the County to such documents and certificates as may be appropriate and to attest to the same and to execute and deliver the same as may be needed. Section 5. As required by the 2011A Deed of Trust, the Director of Finance shall provide notice of the addition, substitution and release of the collateral subject to the lien of the 2011A Deed of Trust to the Rating Agencies after the consummation thereof. In addition, the Director of Finance shall timely file a material event notice with EMMA describing the addition, substitution and release of the collateral subject to the lien of the 2011A Deed of Trust after the consummation thereof. Section 6. This Resolution shall become effective immediately upon its adoption. Thereupon, upon motion of Commissioner F. Blake Kiger, seconded by Commissioner Lynn W. Shue, the foregoing resolution entitled "RESOLUTION APPROVING SUBSTITUTION/MODIFICATION OF THE COLLATERAL SECURING THE CABARRUS COUNTY DEVELOPMENT CORPORATION TAXABLE LIMITED OBLIGATION QUALFIED SCHOOL CONSTRUCTION BONDS (COUNTY OF CABARRUS, NORTH CAROLINA INSTALLMENT FINANCING CONTRACT), SERIES 2011A; AUTHORIZING THE EXECUTION AND DELIVERY OF RELATED DOCUMENTS IN CONNECTION THEREWITH; AND PROVIDING FOR CERTAIN OTHER RELATED MATTERS" was adopted and passed by the following vote: AYES: Chairman Stephen M. Morris, Vice Chairman Diane R. Honeycutt and Commissioners F. Blake Kiger, Elizabeth F. Poole and Lynn W. Shue NOES: None F-121 Human Resources - Public Safety Salary Studv Results The Employers Association conducted a comprehensive salary study for Cabarrus County Public Safety positions in the Emergency Management, Emergency Medical Services and Sheriff's departments. The consultant provided a brief presentation covering the methodology used in the study and recommendations for consideration by the Board at the Boards' February work session. If approved, these items will be included in the County Budget for adoption in June. UPON MOTION of Commissioner Niger, seconded by Commissioner Shue and unanimously carried, the Board approved the recommended salary study items. (F-13) Planning and Development - Community Development Grant Request Community Development staff is requesting permission to apply for Weatherization, Heating and Air Repair and Replacement Program (HARRP), and Housing and Home Improvement (HHI) funds as part of the annual budget process. Additionally, staff is requesting to pursue grant opportunities Duke Energy provides that do not require a match. Staff is recommending the County not apply for HOME (HOME Investment Partnerships Program) funds this year again as the project team is still working to move the Prosperity Ridge Senior Rental Project forward. Additionally, no viable, qualified and full rehabilitation candidates have been vetted during this cycle to provide full housing rehabilitation services. UPON MOTION of Commissioner Kiger, seconded by Commissioner Shue and unanimously carried, the Board approved staff's recommendations for pursuing housing grants for FY19.