BC 2018 08 20 Regular Meeting - Laserfiche WebLink

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August 20, 2018 (Regular Meeting) Page 3668 estimated projections to actual funds received. 7. The County Manager may enter into and execute change orders or amendments to construction contracts in amounts less than $90,000 when the appropriate annual budget or capital project ordinance contains sufficient appropriated but unencumbered funds. S. The County Manager may award and execute contracts which are not required to be bid or which G.S. 143-131 allows to be let on informal bids so long as the annual budget or appropriate capital project ordinance contains sufficient appropriated but unencumbered funds for such purposes. 9. The County Manager may execute contracts with outside agencies to properly document budgeted appropriations to such agencies where G.S. 153 A -248(b), 259,. 449 and any similar statutes require such contracts. 10. The County Manager may reject formal bids when deemed appropriate and in the best interest of Cabarrus County pursuant to G.S. 143-129(a). 11. The County Manager may reduce revenue projections consistent with prevailing economic conditions, and also reduce expenditures correspondingly. Section III. This ordinance and the budget documents shall be the basis of the financial plan for the County of Cabarrus. a. The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient detailed accounting records to satisfy the requirements of the law. b. The Finance Director is directed to report, at the request of the Board, on the financial status of each project element in Section I and on the total revenues received or claimed. c. Copies of this capital project ordinance shall be furnished to the Clerk to the governing Board, and to the Finance Director for direction in carrying out this project. d. At the completion of a construction project, all unrestricted excess funds are transferred to the General Fund and the portion of the Capital Project associated with the project is closed. Adopted this 20th Day of August, 2018. CABARRDS COUNTY BOARD OF COMMISSIONERS BY: /s/ Stephen M. Morris Stephen M. Morris, Chairman ATTEST: /s/ Lauren Linker Clerk to the Board (F-9) County Manager - AT&T/New Cinqular Wireless Lease Extension AT&T/New Cingular has proposed a lease extension for their equipment located at and on the Mount Pleasant Communications Tower. Their current lease is in a renewal period that began in July 2017 and expires in July 2022. They are proposing that the current extension be included in this new lease plus three additional 5 -year terms. The new lease would extend to 2037 and include a 10 percent payment escalation at each 5 -year renewal. UPON MOTION of Commissioner Kiger, seconded by Vice Chairman Honeycutt and unanimously carried, the Board adopted the resolution approving a lease between Cabarrus County and AT&T/New Cingular Wireless with authorization for the County Manager to execute the lease on behalf of Cabarrus County subject to review and revisions by the County Attorney. Resolution No. 2018-15