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MOTION from Commissioner Mills to approve the contract
as presented with an amendment to paragraph six that the
request and approval for use of the data processing
equipment be given in writing. The term of the contract
to run with the county's fiscal year 1982-1983.
VOTING: Ayes - 5; Noes - 0.
CONTRACTS BETWEEN IREDELL COUNTY AND IREDELL MEMORIAL
AND LOWRANCE HOSPITALS: The captioned contracts were
discussed with the board by the county manager and county
attorney. The contract is to take effect in the event
the issue is approved by the voters on November 2, 1982.
The county attorney, Robert N. Randall, called the
board's attention to article 3.04, where a paragraph
had been added, stating:
No use shall be made by the corporation which
affects the availability of the above described
tract without the prior written approval of the
county.
The board, manager, and attorney discussed the sinking
fund arrangement in the contract, where the hospitals
deposit 1/12 of the annual payments into an escrow account,
and the full amount is to be in the account prior to the
adoption of the fiscal year's budget. These revenues
will be shown in the county's annual budget as revenue for
retiring the bond indebtedness for the upcoming budget
year. The interest accrued on the sinking fund account
Gros 26 PAGE 146