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June 4, 2008 (Recessed Meeting) Page 855 <br />The Board of Commissioners for the County of Cabarrus met in recessed <br />session in the Multipurpose Room at the Cabarrus County Governmental Center <br />in Concord, North Carolina on Wednesday, June 9, 2006, at 3:30 p.m. <br />Present - Chairman: H. Jay White, Sr. <br />Vice Chairman: Joni D. Juba <br />Commissioners: Robert W. Carruth <br />Grace M. Mynatt <br />Coy C. Privette <br />Also present were John Day, County Manager; Mike Downs, Deputy County <br />Manager; Kay Honeycutt, Clerk to the Board and Lori Hinson, Deputy Clerk to <br />the Board. <br />Call to Order <br />Chairman White called the meeting to order at 3:90 p.m. Note: <br />Commissioner Mynatt was not present at the beginning of the meeting. <br />Approval of Agenda <br />UPON MOTION of Commissioner Privette, seconded by Commissioner Carruth <br />and unanimously carried, the Board approved the agenda as presented. <br />Five Year Financial Plan <br />John Day, County Manager, reviewed the proposed changes to the Five- <br />Year Plan identified as "Manager's Revised Proposal 6-9-08". Since the <br />original five-year plan was presented, he reported representatives from <br />Kannapolis City Schools expressed the need to move the construction of the <br />A.L. Brown wing addition and renovation to 2009. He reviewed the associated <br />changes to the tax rate. He also reported according to UBS Securities, LLC, <br />the County's Underwriter, there is a financing mechanism similar to a <br />construction loan that will enable the County to construct the two middle <br />schools and the Detention Center in the next fiscal year. <br />Changes to FY 08-09 Preliminary Budget <br />Loretta Lee, Budget and Performance Manager, highlighted the following <br />changes to the budget since the preliminary budget was presented: JCPC <br />(Juvenile Crime Prevention Council) funding, Home & Community Care Block <br />Grant funds and removal of the Tourism fund from the budget. <br />Question/Answer Session <br />County staff responded to various questions from the Board related to <br />funding for the detention officers; JCPC grant funding; removal of the <br />Tourism fund from the County's budget; revisiting Kannapolis' request for the <br />County's share of Kannapolis Fire Station No. 5 totaling $366,590.58 in <br />December; etc. <br />Commissioner Mynatt arrived at 3:57 p.m. and was present for the <br />remainder of the meeting. <br />Market Value versus Assessed Value <br />At the request of the Board at a prior meeting, Brent Weisner, Tax <br />Administrator, provided a brief explanation on the difference between <br />Assessed Value and Market Value. He also responded to questions from the <br />Board. <br />Capital Improvement Plan (CIP) - Satellite Facility <br />County staff responded to questions from the Board related to the <br />funding for the proposed satellite facility on the old fair grounds. A <br />general discussion ensued. <br />Capital Improvement Plan - Multipurpose Room Upfit <br />County staff responded to questions from the Board regarding the <br />funding related to the proposed upfit for the Multipurpose Room in the <br />Governmental Center. The schematic drawings were displayed and reviewed by <br />the Board. <br />Capital Improvement Plan - Park Improvements <br />