HomeMy WebLinkAboutC.054.93010_0660 (2)Section 4. Payments from this Capital Project Fund shall be authorized by the County Manager,
or his designee.
Section 5. The Parks Capital Reserve Fund is advancing $100,000 to the Stumpy Creek Project
Fund for completion of the project. This advance is to be repaid annually by transfers
from the Stumpy Creek Project Fund to the Parks Capital Reserve Fund equal to 'V, of
the total transfer from the General Fund.
Section 6. Any funds remaining in the Stumpy Creek Project Fund at completion of the project
will be transferred to the Parks Capital Reserve Fund and applied as a reduction to the
advance.
This Amended Ordinance being duly adopted this the 5 1 day of February, 2002.
7. Request for Approval of a Reimbursement Resolution Regarding the Iredell County
Government Center -South: The following resolution was approved.
RESOLUTION OF THE IREDELL COUNTY BOARD OF COMMISSIONERS
DECLARING ITS INTENTION TO REIMBURSE ITSELF FROM THE PROCEEDS
OF A FINANCING FOR CERTAIN EXPENDITURES TO BE MADE IN
CONNECTION WITH THE PURCHASE, RENOVATION, AND/OR EQUIPPING OF
THE IREDELL COUNTY GOVERNMENT CENTER -SOUTH.
WHEREAS, Iredell County will make expenditures on and after the date hereof with respect to
expenses incurred and to be incurred (the "Expenditures") in connection with the purchase of an existing
building, renovation, and/or equipping a facility to be known as the Iredell County Government Center -
South; and
WHEREAS, the Iredell County Board of Commissioners or the Issuer (the "Board") has
determined that the funds advanced from the General Fund, Capital Reserve Fund, and Capital Projects
Fund and to be advanced to pay expenditures are, or will be, available for a temporary period and it is
necessary to reimburse the Issuer for Expenditures made on and after the date hereof with respect to the
Projects from the Proceeds of one or more County financings under Section 160A-20 of the General
Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD AS FOLLOWS:
Section 1. The Board hereby adopts this declaration of official intent under Treasury Regulation
Section 1.103.1 8(c)(2)(i) and declares its intent to reimburse the Issuer with the proceeds of a financing
for Expenditures made on and after the date hereof with respect to the Projects.
Section 2. The maximum principal amount of debt expected to be issued for the expenditures of
the Projects is Three million four hundred thousand dollars ($3,400,000.00).
Section 3. This resolution shall take effect immediately upon its passage.
S. Request for Approval of the Annual Audit Contract for Fiscal Year Ending
June 30, 2002: Blumenstein recommended the approval of a contract with McLelland,
Rutherford & McKenzie, PA, CPAs for (1) the single audit (2) assistance with the
implementation of Statement 34 of the Goverment Accounting Standards Board (GASB 34) and
(3) assistance with the Comprehensive Annual Financial Report. She said the CPA fire had
given a total contract price of $35,675, which was less than the budgeted amount.
9. Request for the Acceptance of the Bids for the Remodeling of the Hail of Justice
Annex (former Agricultural Building/Water Street) with the Acceptance of Alternate I and
Alternate 4 & to Amend the Capital Projects Ordinance: The approved bids areas follows:
Separate Prime Bids
Streamline LLC
$377,105
Nichols Mechanicals
33,500
William C Reynolds
109,624
Caldwell Electrical
64,629
$584,858