HomeMy WebLinkAboutC.054.93010_0308 (2)8. REQUEST FOR APPROVAL OF THE DECEMBER 4 & 5, 2000 MINUTES
9. REQUEST FOR APPROVAL OF BUDGET AMENDMENT 429 FOR THE
APPROPRIATION OF MEDICAID MAXIMIZATION RESERVE: (Ray Rabe explained
during the briefing session that the need for Spanish interpreting had increased at the health
department. He said additional funding was needed for interpreter time. Rabe said $2,970 was
needed, but it would not be necessary to derive the money from local tax sources. He said a
"Medicaid Maximization Reserve" fund was created about three yeas ago for similar situations, and
the fund now had $30,000. Mr. Rabe said that in order to utilize the funding, however, it was
necessary to invoice "against the particular account applicable to both types of patients being
served." He said it was necessary to establish a "Child Health" Medicaid Max revenue line item
in the budget for the first time. (The other Medicaid Maximization Fund is for Maternal Health.)
10 REQUEST FOR AN EXTENSION ON A PROMISSORY NOTE FOR THE NORTH
IREDELL RESCUE SQUAD (MODIFICATION AGREEMENT): The new agreement will
include the following modifications.
WHEREAS, Iredell County loaned North Iredell Rescue Squad the sum of $84,733.00 and
North Iredell Rescue Squad gave a promissory note dated November 16, 1999, to Iredell County;
and
WHEREAS, the entire principal has not been paid and North Iredell Rescue Squad has
requested a modification to the agreement, and the County has agreed to the modifications.
NOW, THEREFORE, this agreement is made to reflect the modifications to the note dated
November 16, 1999, to which the parties have agreed as follows:
1. The maturity of the promissory note is extended from December 31, 2000 to
December 31, 2001.
2. The interest rate is changed from 5.90% per annum to 6.20 per annum.
Except as modified in this agreement, the note dated November 16, 1999, remains the
same.
-----------------------------END OF CONSENT AGENDA -------------------------------------
REQUEST FOR A DECISION ON AN OPTION TO PURCHASE IREDELL
COUNTY PROPERTY LOCATED AT 1010 SALISBURY HIGHWAY (BASSETT
BUILDING) AND A REQUEST TO WAIVE THE 60 -DAY OPTION TO PURCHASE
NOTICE: Attorney Pope said two years ago, Bassett Industry officials desired to give some
property to the county with the sale or lease proceeds to be used for economic development. Ile said
the Bassett officials wanted to give the property in a manner to allow the company to receive a tax
deduction. Pope said that, fortunately, a buyer (Wingate -Monday -Company or WMC) desired to
obtain the property and was willing to pay cash. Attorney Pope said, however, a cash transaction
could not occur without jeopardizing the Bassett donation. He said a lease agreement was worked
out whereby the county charged WMC a fairmarket rent. The arrangement included a credit for
WMC towards the purchase price. Pope said WMC had paid $25,000 for the option to purchase and
the county agreed to give the company credit forone-halfof the rent for the purchase. Mr. Pope said
the purchase price for the property was $300,001. Attorney Pope said WMC now wanted to exercise
its option to purchase. He said there was a 60 -day notice period, but WMC had requested for it to
be waived. Pope said that upon the payment of the purchase price, a deed would be drafted. In
addition, he said WMC was requesting that the lease be assigned to ArmSpen Enterprises, the real
estate holding company.
MOTION by Commissioner Johnson to grant WMC's option to purchase the property,
waive the 60 -day notice, and to assign the lease to ArmSpen Enterprises.
VOTING: Ayes - 5 ; Nays - 0.