HomeMy WebLinkAboutC.054.93010_1052 (2)REQUEST FOR APPROVAL OF AN AMENDED CAPITAL.
PROJECT ORDINANCE FOR THE IREDELL COUNTY GOVERNMENT
CENTER -SOUTH (ICGC-S): Support Services Director Vernon said there had
been five major change orders for the Mooresville goverment center. He said
the project now needed fixtures, furnishings and equipment (FF&E), and he was
requesting $100,000. Mr. Vernon said the beginning contingency balance was
$113,350 and $87,200 had already been used for change orders. He said $13,400
was currently being processed in a change order leaving only $12,750 for the
FF&E.
MOTION by Commissioner Tice to revise the Capital Projects
Ordinance by adding $100,000 for fixtures, furnishings and equipment.
VOTING: Ayes -5; Nays -- 0.
The amended ordinance will be as follows.
Amended Capital Project Ordinance
Iredell County Government Services Building - South
Be it ordained by the board of county commissioners of Iredell County,
North Carolina:
Section 1. This capital project fund shall finance the cost of planning, design, and
construction of the Iredell County Government Center -South.
Professional Fees
$ 220,500
Asbestos Removal
97,241
Survey, Roof Repair
9,305
General Construction
1,499,855
Fixtures, Furniture & Equipment
100,000
Contingency
26,149
Retire HMA Promissory Note
1,900,000
Closing Costs of Financing
16.500
$ 3 869 550
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 Reserve Fund 250,000
Contribution - Town of Mooresville 100,000
Interest Earned on Construction Fund 9 550
U -M559
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
This amended ordinance being adopted March 4, 2003.