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473 <br /> <br /> The Board of Commissioners for the County of Cabarrus met in <br />recessed session at the County Courthouse in Concord, North Carolina, on <br />Friday, June 13, 1986, at 2:00 P.M. to continue review of the proposed <br />1986-87 Cabarrus County Budget. <br /> Present - Chairman: James W. Lentz <br /> Commissioners: Kenneth F. Payne <br /> William G. Hamby, Jr. <br /> Archie Y. Barnhardt <br /> Marcelle M. Upright <br /> The Board reviewed the method of financing for the proposed Admini- <br />strative Office Building as recommended by Mr. Charles D. McGinnis, <br />County Manager. Mr. McGinnis explained that the $1.5 million for the <br />building would be provided as follows: previously allocated revenue <br />sharing funds in the amount of $500,000.00, ad valorem taxes in the <br />amount of $500,000.00, and the reissuance of bonds in the amount of <br />SS00,000.00. <br /> A motion was made by Chairman Lentz and seconded by Commissioner <br />Hamby for the $1 million figure, which is $500,000.00 from accumulated <br />revenue sharing and $500,000.00 in ad valorem taxes, to be set aside <br />this coming year in a capital improvements fund with the idea of <br />constructing a building in mind. <br /> UPON SUBSTITUTE MOTION of Commissioner Hamby, seconded by Commissioner <br />Payne and unanimously carried, the Board amended Line Item 820 of the <br />Building Maintenance Budget from $1.5 million for an Administrative <br />Office Building to $1 million leaving $1 million in that line item with <br />the intention the Board will set aside an additional $500,000.00 either <br />through resale of bonds later in this budget year or an additional <br />$500,000.00 grant for next year. It was understood that the County can <br />begin all the work and the planning for the architecture of this building <br />but would not be able to let the contracts for construction until the <br />beginning of the next budget year. <br /> UPON MOTION of Commissioner Payne, seconded by Chairman Lentz and <br />unanimously carried, the Board amended the Revenue Budget in the amount <br />of $500,000.00 by eliminating the 2/3 Bond Authorization line item of <br />$5OO,OOO.OO. <br /> The Board requested that Mr. Blair D. Bennett, Finance Director~ <br />provide information to the Board regarding the cost and benefits of the <br />reissuance of bonds. <br /> UPON MOTION of Chairman Lentz, seconded by Commissioner Hamby and <br />unanimously carried, the Board agreed to add the $2,541.00 back into the <br />Part-Time Salaries Line Item for the Board of Elections and to increase <br />the Dues and Subscription line item of that budget to $195.00 as <br />requested. <br /> Mr. Charles D. McGinnis, County Manager, recommended the increase <br />of funding for Stream Channelization work from $20,000.00 to $30,000.00. <br />He stated that Mr. Hugh Price, District Conservationist, had indicated <br />that work totaling $30,000.00 could be handled during the year. <br /> UPON MOTION of Commissioner Barnhardt, seconded by Commissioner <br />Hamby with Commissioners Barnhardt and Hamby and Chairman Lentz voting <br />for and Commissioners Upright and Payne voting against, the Board <br />increased funding for Line Item 666, Stream Channelization, from $20,000.00 <br />to $30,000.00. <br /> The Board briefly discussed the funding for the Concord Library and <br />the Schools. No action Was taken on these matters. <br /> There being no further business to come before the Board, the <br />meeting adjourned at 3:05 P.M. <br /> <br />Clerk to the Board <br /> <br /> <br />