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APPROVAL OF AMENDED BUDGET ORDINANCE FOR CAPITAL PROJECT FUNDS: MOTION from Commissioner
Madison to amend the budget ordinance for Capital Project Funds as follows:
Be it Ordained by the Board of County Commissioners of Iredell County, North Carolina:
Section 1. This amends the original Capital Projects Fund created for the
County of Iredell.
Section 2. The following projects will be financed by this fund:
Old Courthouse Project $1,414,150
Law Enforcement Project 75,430
Human Services Project 3,475,000
Landfill Improvements Project 4,393,613
TOTAL $9,358,193
Section 3. Funds for this Capital Projects Fund are to be provided from
the following sources:
Financing proceeds $7,506,613
Operating transfers in from
the Capital Reserve Fund 1,851,580
TOTAL $9,358,193
Section 4. This Capital Projects Fund shall continue until all projects
are completed.
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Section 5. Transfers will be made from Capital Reserve fund to the
Capital Projects upon project authorization and upon
project completion, unexpended funds will be transferred
back to Capital Reserve.
Section 6. The General Fund may advance funds to the Capital Projects
Funds as an interfund receivable/payable. The Capital
Projects Fund will reimburse the General Fund upon receipt of
financing proceeds.
Section 7. Payments from this Capital Projects Fund shall be authorized
by the County Manager.
This Ordinance being duly adopted this the 16th day of April 1991.
-�FPiairman
7
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Clerk
VOTING: Ayes - 5; Nays - 0.
AWARD OF BID FOR EXCAVATION AT THE LANDFILL FOR BALER SITE TO GILBERT ENGINEERING COMPANY:
MOTION from Commissioner Madison to approve the award of the bid to Gilbert Engineering Comapny in
the amount of $778,316.50.
VOTING: Ayes - 5; Nays - 0.
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ALLOCATION OF LOWRANCE HOSPITAL FUNDS AS RECOMMENDED BY LOWRANCE HOSPITAL ESCROW COMMITTEE:
MOTION from Commissioner Madison to allocate the funds from sale of Lowrance Hospital as follows:
Mooresville Police Department Drug Abuse Education (4 years) $100,000
Mooresville Fire Department Smoke Detector Proqram 25,000
Mooresville Fire Department Safety Equipment 55,000
Mooresville Rescue Squad New Station at S. R. 1009 180,000
Mooresville Rescue Squad Expand Station at Iredell Avenue 110,000
Mt. Mourne Volunteer Fire Dept. Defribillation Program 30,000
Shepherds Volunteer Fire Dept. New Station at N. C. 150 (Doolie) 175,000
TOTAL $675,000
The two remaining items on Group I, Iredell County Adult Learning Center,
Transportation, Van and Lift, at $35,000, and Iredell County Health
Department, Infant Mortality Program (5 years) at $290,000, are being held up
pending further information on other agencies who may offer funds for the
establishment of these two programs.