HomeMy WebLinkAboutC.054.93010_0873Millard Refrigeration was approved for an economic development incentive from the
county for the purchase and development of the former Polar Cold Storage facility
located off Hwy. 90. McKay said another 160 acres of land could be opened up, near
Millard's site, for industrial development if the area's water needs were solved. He said
a source of water could serve Millard, plus any other industries that desired to locate in
the area. Mr. McKay said he had been working with EnergyUnited on the construction of
a 750,000 gallon elevated storage tank. He said economic grants could be obtained from
the Community Development Block Grant Office to assist in the water tank costs;
however, a governing body had to be listed as the recipient. (On a pass-thru basis the
funds could then be delivered to EnergyUnited.) McKay said a Memorandum of
Understanding could be presented at a future meeting to clarify the responsibilities of
each entity, but he needed permission to apply for the grant funds.
REQUEST FOR A DISCUSSION REGARDING THE IREDELL COUNTY
GOVERNMENT CENTER -SOUTH (ICGC-S) FINANCING AND THE BIDS
OPENED ON AUGUST 22, 2002: County Manager Mashburn said the board on
August 28, 2002, decided to place the ICGC-S project on hold and not re -bid until the
Department of Environment and Natural Resources (DENR) had made a decision on the
third -floor lease. He said the bids and financing arrangements were good through mid-
October.
Support Services Director Vernon said that if the commissioners chose to re -bid,
there was a "strong possibility the bid amounts might increase." He said the bidders had
a clear understanding of the needed work, and this was evident by the bid amounts.
Vernon said the International Building Code would go into effect during 2003, and this
would increase the project's cost, if delays occurred.
Finance Director Blumenstein shared a financial summary for the project. She
said the Bank of America had extended the offer to provide financing at 4.69% as long as
the loan was fully funded by October 17, 2002. She also said the Town of Mooresville
had committed $100,000 from court fees to the project, and that $38,000 could be deleted
from the costs due to minor design changes.
The deletion of the $100,000 in contingency was also discussed. It was
mentioned that all of these adjustments would reduce the amount of additional funding to
$36,650. (Bids were $274,650 in excess of budget, minus the $100,000 from the Town of Mooresville,
minus the $100,000 contingency, and minus the $38,000 = $36.650.)
The staff said the $36,650 could be found from leftover funds in the finished
Agricultural Resource Center project and the Hall of Justice Annex project.
Commissioner Johnson voiced concerns about the elimination of the contingency.
Vernon said a special meeting could be called if the project ran into problems.
Commissioner Ray said she recalled that in the past a discussion had occurred
about approving any necessary change orders in an expeditious manner.
(The item was not placed on the consent agenda. Additional information/action
may be found in the regular minutes.)
ADJOURNMENT: Chairman Tice adjourned the briefing at 6:50 p.m.
Approved: l P�cft� i5r J ��1�
tothe Board