HomeMy WebLinkAboutC.054.93010_11386. Request for Approval of Budget Amendment #45 in the Amount of $53,000
for the Purpose of Transferring Unspent Funds in the General Fund to the Capital
Project Fund for HVAC (Chiller) Modifications at the Iredell County Government
Center -South: Support Services Director Vernon described this request during the
briefing. The amendment and capital project ordinance are as follows.
Account # -- Existin Chane Amended
BA#45
General Fund
100465 532500 CourlsNaln & RepairslBldgs & Grounds 217,214 (53,000) 164,214
100800576040 Transfer to Capital Project Fund - 53,000 53,000
ICGC-South-Capital Project 53,000) (53,000)
404880495010 10040 Transfer in from General Fund 6605 (53,000 59,605
400480 580220 10040 Construction Costs -Other
Iredell County, North Carolina
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
Professional Fees -Other
17.122
Asbestos Removal
97,241
General Construction
1,523,498
Fixtures, Furniture & Equipment
88,084
Construction Costs -Other
59,605
Contingency
Retire HMA Promissory Note
1,900,000
Closing Costs of Financing
16,500
$3
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
Operating Transfer from General Fund 53,000
Contribution — Town of Mooresville 100,000
Interest Earned on Construction Fund3 9,9 550
50
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.
funds
ining in this
Section 5• Upon Capital Project Prcompletion lect Fund shall be transferred back to Capital aReserve 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.
sa•*r
7. Request for a Discussion Regarding Riparian Buffer Permanent Rules for the
Catawba River Basin: Recently, the Alexander County Board of Commissioners shared
a letter that had been written to Governor Easley asking for further review of the
referenced rules. The letter stated the Alexander officials were in support of regulations to
improve water quality, but that the action should occur without imposing undue
restrictions on the property owners. The Iredell County commissioners will send a similar
letter.