HomeMy WebLinkAboutC.054.93008_2202 (2)AUTHORIZATION TO SUBMIT APPLICATION TO LOCAL GOVERNMENT FOR LEASE OF SPACE: MOTION from
Commissioner Stewart to adopt the following resolution:
WHEREAS, the Iredell County Board of Commissioners realizes the need for additional space for
the Iredeil County Department of Social Services because of overcrowding and the effects the condi-
tions have on the daily lives of clients and employees; and
WHEREAS, the Iredell County Board of Commissioners desires to enter into an operating lease for
facilities for one section of the Iredeil County Department of Social Services; and
WHEREAS, the Board hereby intends to take official action declaring its intention to enter into
a ten -(10) year lease requiring expenditures of One Million Sixty Five Thousand Six Hundred
($1,065,600) Dollars; and
WHEREAS, North Carolina General Statute 159, Article 8, Section 148, requires Local Government
Commission approval of this type of financing agreement;
NOW, THEREFORE, be it resolved by the Board of Commissioners of Iredell County, State of North
Carolina, as follows:
1. The Iredell County Board of Commissioners hereby determines that the lease is necessary and
expedient because of severe overcrowding of existing facilities.
2. The County contracted with Design Associates to develop written specifications for the
space requirements which were distributed to area developers. Theree proposals were received, each
meeting the required specifications.
3. The lease is preferable to the purchase of a building because:
a. The square foot cost of Five Dollars and Thirty -Tree Cents
($5.33) is less than the cost of new construction.
b. Federal reimbursement equal to 55% of the annual lease
payments will further reduce the County's net cost to
Two Dollars and Forty Cents ($2.40) per square foot.
c. If a building is purchased instead of leased, the Federal
reimbursement is amortized over a 40 -year life resulting
in a Four Dollars and Fifty -Eight Cents ($4.58) net cost
per square foot.
d. Sufficent land is not available at the existing Department
of Social Services to construction a new wing and provide
parking as required by the North Carolina Building Code.
4. The attorney for Iredell County has rendered an opinion that the proposed lease is autho-
rized by law and is a purpose for which public funds may be expended pursuant to the Constitution
and laws of North Carolina.
5. The Director of Finance and Administrative Services is directed to file the required
application with the Local Government Commission.
6. The Chairman and Vice -Chairman of the Iredell County Board of Commissioners, the County
Manager, the County Attorney, the Clerk to the Board of Commissioners, and the Director of Finance
and Administrative Services are hereby authorized and directed to prepare, execute and deliver such
-- documents, to file such applications, and to take such other action as may be necessary or advisable
to effectuate the project and the execution of a lease.
VOTING: Ayes - 5; Nays - 0.
This concludes the Consent Agenda.
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ADMINISTRATIVE MATTERS
RESOLUTION TO SET FINAL PARAMETERS OF ISSUANCE OF CERTIFICATES OF PARTICIPATION: MOTION from
Commissioner Haire to adopt the following resolution:
WHEREAS, the Iredell County Board of Commissioners desires to construct the East Iredell Middle
School and renovate Statesville Middle School, West Iredell Middle School, and Brawley Middle
School, to better serve the students of Iredell County; and
WHEREAS, the Iredell County Board of Commissioners desires to finance the construction and
renovation of the necesssary facilities by the use of a public offering authorized under North
Carolina General Statute 160A, Article 3, Section 20; and
WHEREAS, it is currently estimated by the County that the project, including financing costs,
will require capital expenditures of approximately Fifteen Million Seventy Thousand ($15,070,000)
dollars; and
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