HomeMy WebLinkAboutC.054.93011_1388 (2)County Manager Blumenstein said a $235,000 re -appropriation of funds was needed due to a
delay in the completion of a hardware/software project. She said funds had been appropriated in
the past, but not rolled over to this fiscal year. Blumenstein said one complication with the
project was the sale of the Novalis Company assets to Bi -Tech.
END OF CONSENT AGENDA—
Request from the Iredell-Statesville Schools for Approval of a Lighting Contract:
Deputy County Manager Susan Blumenstein said the school system was proposing a lighting
lease -purchase agreement with EnergyUnited, and permission needed to be granted by the
county. She said the power source would not be tied to one particular utility, rather the City of
Statesville, EnergyUnited, and Duke Power would all be providers.
Dr. Kenny Miller, Director of Facilities and Planning for the school system, provided the
following information regarding the lighting contract.
BaU teld
Proposed price
Construction Schedule 2007
Statesville High baseball
$159,000
Feb.
North Iredell baseball
$117,000
June
North Iredell softball
$77,000
Jul
South Iredell baseball
$117,000
South Iredell softball
$77,000
_Aug.
Sept.
West Iredell baseball
$117,000
Oct.
Lake Norman softball
$88,000
Nov.
Lake Norman tennis
$84,000
Nov.
Total
$836,000
The following payments will be made:
' Interest rate of
6.75%
1 -March 1007 $125,000
1 -July 2007 250,000
48 month finance schedule
1 -July 2008 $140,042
1 -July 2009 140,041
1 -July 2010 140,042
I -July 2011 140,042
Total $935,168
59 month finance schedule
1 -July 2008 $115,568.21
1 -July 2009 115,568.21
1 -July 2010 115,568.21
1 -July 2011 115,568.21
30 -June 2012 115,568.21
Total $952,841.05
'Dr. Miller is still trying to negotiate a lower interest rate.
Due to a conflict of interest, Chairman Norman asked to be recused from voting on the
request.
OTIO by Commissioner Williams to recuse Chairman Norman from the vote.
VOTING: Ayes — 4; Nays — 0.
Chairman Norman then excused himself from the meeting.
OTIO by Commissioner Tice to approve the lighting contract with EnergyUnited for
the Iredell-Statesville School System.
VOTING: Ayes — 4; Nays — 0.
Chairman Norman returned to the meeting.
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