HomeMy WebLinkAboutC.054.93010_0940 (2)Mashburn said his original intent was to seek approval from the board for authorization to
approve ICGC-S expenditures from the contingency fund in amounts not to exceed
$20,500 (1,51!16 of the general contract); however, the first expenditure received was for
$21,855.
Support Services Director Vernon said the $21,855 charge was for asbestos
abatement in the following areas:
1. Transite panels in kitchen coolers
2. TSI pipe insulation
3. Small amounts of drywall joint compound
4. Floor tile and/or glue (when the demolition crews removed the power -bonded
carpet in the older section, the tile came up).
Mr. Vernon said the $21,855, plus the initial $67,600 spent for asbestos abatement,
and the fire proofing removal costs on the fourth floor of $15,250, would bring the cost to
$104,705. Mr. Vernon said the original estimate for asbestos abatement was $100,000.
The board agreed to allow the manager to approve contingency expenses up to
$25,000 with a stipulation that the board be informed of the expenditures at the next
regularly scheduled meeting.
The amended ordinance will read as follows.
Amended Capital Project Ordinance
Iredell County Government Services Building - South
Section 1. This capital project fund shall finance the cost of planning, design, &
construction of the Iredell County Government Center -South.
Professional Fees
$ 220,500
Asbestos Removal
67,600
Survey
27,000
General Construction
1,448,900
Contingency
113,350
Retire HMA Promissory Note
1,900,000
Closing Costs of Financing
16,500
Section 2. Funds for this Capital Project Fund will be provided from the following
sources:
Financing Proceeds - Bank of America
$ 3,510,000
Transfer from Capital Project Funds
150,000
Contribution - Town of Mooresville
100,000
Interest Earned on Construction Fund
9,550
Section 3. This Capital Project Fund shall continue until the project is complete
Section 4. Payments from this Capital Project Fund shall be authorized by the County
Manager or his designee.
Section 5. Upon completion of the construction project, all funds remaining in this
Capital Project Fund shall be transferred back to the Capital Reserve Fund.
Section 6. The county manager is authorized to approve expenditures from the
Contingency line item in amounts not to exceed $25,000 with an expenditure report to the
board at its next regularly scheduled meeting.