HomeMy WebLinkAboutC.054.93010_1186Number 2
WHEREAS, Iredell County (The "Issuer" or the "County") will make expenditures on and after the date hereof with respect
to expenses incurred and to be incurred (the "Expenditures") in connection with the design, construction, and/or equipping of a facility
for the Iredell County Department of Social Services (the "Project'), and
WHEREAS, the Iredell County Board of Commissioners (the "Board") has determined that the funds advanced from the
Capital Reserve Fund and to be advanced to pay Expenditures are or will be available for a temporary period and it is necessary to
reimburse the Issuer for Expenditures made on and after the date hereof with respect to the Project from the proceeds of one or more
issues of tax-exempt bonds (the "Bonds") under Section 160A-20 of the General Statutes.
NOW, THEREFORE, 13E ITRESOLVED BY THE BOARD AS FOLLOWS:
Section 1. The Board hereby adopts this declaration of official intent under Treasury Regulation Section 1.150-2 and
declares the Issuer's intent to reimburse the Issuer with the proceeds of the Bonds for Expenditures made on and after the date hereof
with respect to the Project. The issuer reasonably expects on the date hereof that it will reimburse the Expenditures with the proceeds
of the Bonds.
Section 2. The maximum principal amount of debt expected to be issued for the Project is Six Million, Six Hundred
Thousand Dollars ($6,600,000).
Section 3. Each Expenditure was and will be either (a) of a type properly chargeable to capital account under general federal
income tax principles (determined in each case as of the date of the Expenditure), (b) a cost of issuance with respect to the financing,
(c) a nonrecurring item that is not customarily payable from current revenues, or (d) a grant to a party that is not related to or an agent
of the issuer so long as such grant does not impose any obligation or condition (directly or indirectly) to repay any amount to or for
the benefit of the County.
Section 4. The County will make a reimbursement allocation, which is a written allocation by the County that evidences the
County's use of proceeds of the Bonds to reimburse an Expenditure, no later than 18 months after the later of the date on which the
Expenditure is paid or the Project is placed in service or abandoned, but in no event more than three years after the date on which the
Expenditure is paid. The Issuer recognizes that exceptions are available for certain "preliminary expenditure," costs of issuance,
certain de minimis amounts, expenditures by "small issuers" (based on the year of issuance and not the year of expenditure) and
expenditures for construction projects of at least five years.
Section 5. This resolution shall take effect immediately upon its passage.
Number 3
A Design Contract with Martin Boal Anthony Johnson (MBAJ) for the Social Services Building
Project (The basic architectural services will cost $314,800 based upon an estimated project construction
cost of $5,465,000. However, master planning for the site, assessment of the existing Center Street
facility, interior decorating/design, and independent cost estimating services will raise the cost to
$339,300.) Support Services Director Vernon said a detailed cost analysis and design cost breakdown had
been provided by MBAJ for the new Social Services building. He said the basic architectural services would
cost $314,800 or 5.76% of the total project. Vernon said additional services (master planning for the site, assessment
of the existing Center Street facility, interior decorating/design, and independent cost estimating) would raise the costs to
$339,300 (6.2%). He said that due to this being a Social Services project, some expenses would be
reimbursable (plans printing, surveying, and geological testings). Vernon said the costs were below "going
rates" for the design of similar projects, and he recommended approval.
14. Request for Approval of the Minutes for June 10, 2003 (budget session), June 12, 2003 (budget
session), June 17, 2003 (briefing/regular mtg.), and June 30, 2003 (special meeting)
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Request for Approval of a Security Services Contract for the Social Services Department, Court
Facilities, Library, and Health Department: County Manager Mashburn said security service bid requests
were recently issued and received. He said the need for this type of service had increased in the past few years,
and the county was presently using 14 security guards. Mashburn said three companies responded to the bid
request, and the lowest bidder was Weiser Security Services at $327.802.42. He said the current provider was
Wilson Security, and this company's bid was $368,759. Mr. Mashburn said there was a $40,956.58 difference