HomeMy WebLinkAboutC.054.93011_1237Section 2. Funds for this Canital Protect Fund were orovided from the followine sources:
Section 3. This Capital Project Fund is complete.
Section 4. The Parks Capital Reserve Fund advanced $100,000 to the Stumpy Creek Project Fund for completion of the project. This advance
is to be repaid annually by reducing the outstanding advance by '/. of any operating transfer from the General Fund to the Parks
Reserve Fund.
Section 5. The funds remaining in the Stumpy Creek Project Fund at completion of the project are being transferred to the Parks Capital
Reserve Fund and applied as a reduction to the advance.
Section 6. The Parks Reserve Fund advanced $30,000 to Stumpy Creek Park Project for the installation of an irrigation system (total cost
$60,00. This advance is to be repaid from boat ramp user fees deposited to the General Fund. The first $5,000 of boat ramp user
fees collected each fiscal year shall be made available for maintenance of the ramp. All receipts in excess of $5,000 will be
transferred to the Parks Reserve Fund to reduce the outstanding advance.
Section 7. The ordinance is effective upon adoption.
14. Request for the Adoption of a Capital Project Ordinance for the Mooresville Graded Schools'
Construction Projects: Acting County Manager Blumenstein requested approval of the following project
ordinance for the new Mooresville Intermediate School. She said General Obligation Bonds and Certificates
of Participation had been issued to finance the construction.
Iredell County, North Carolina
Mooresville Graded School District
School Construction Projects - 2006
Be it Ordained by the Board of County Commissioners of Iredell County, North Carolina:
Original +
Amendment
Final Amendment
Final
Parks & Recreation Trust Grant
5250,000
COPS Proceeds
250,000
Community Contributions
135,000
3,777
138,777
Contributions -Irrigation System
30,000
Water/Sewer
30,000
Contributions -Field Lights
100,000
4,200
104,200
Memorials
22,485
2,278
24,763
Transfers from Parks Capital Reserve Fund240,626
240,626
Transfers from General Fund
128,045
6,251
121,794
Investment Earnings
125,000
1,300 1126,300
$1031156
5,304 1
si036460
Section 3. This Capital Project Fund is complete.
Section 4. The Parks Capital Reserve Fund advanced $100,000 to the Stumpy Creek Project Fund for completion of the project. This advance
is to be repaid annually by reducing the outstanding advance by '/. of any operating transfer from the General Fund to the Parks
Reserve Fund.
Section 5. The funds remaining in the Stumpy Creek Project Fund at completion of the project are being transferred to the Parks Capital
Reserve Fund and applied as a reduction to the advance.
Section 6. The Parks Reserve Fund advanced $30,000 to Stumpy Creek Park Project for the installation of an irrigation system (total cost
$60,00. This advance is to be repaid from boat ramp user fees deposited to the General Fund. The first $5,000 of boat ramp user
fees collected each fiscal year shall be made available for maintenance of the ramp. All receipts in excess of $5,000 will be
transferred to the Parks Reserve Fund to reduce the outstanding advance.
Section 7. The ordinance is effective upon adoption.
14. Request for the Adoption of a Capital Project Ordinance for the Mooresville Graded Schools'
Construction Projects: Acting County Manager Blumenstein requested approval of the following project
ordinance for the new Mooresville Intermediate School. She said General Obligation Bonds and Certificates
of Participation had been issued to finance the construction.
Iredell County, North Carolina
Mooresville Graded School District
School Construction Projects - 2006
Be it Ordained by the Board of County Commissioners of Iredell County, North Carolina:
Section 2. The following costs for school projects shall be paid by this fund:
Professional Fees - Architect
Original
Section 1. Funds for this Capital Project Fund will be provided from the following sources:
Ordinance
GO Bond Proceeds (Includes Premium)
$8,294,582
COPS Proceeds
8,200,000
Contribution - Mooresville Graded Schools
1,543,418
Sales Taxes Reimbursed
300.000
Section 2. The following costs for school projects shall be paid by this fund:
Professional Fees - Architect
$380,174
Construction Management
95,043
Testing, Permits, and Other Fees
150,000
Closing Costs
64,583
General Construction
Contract
16,272,100
(t) Unencumbered
Water/Sewer
250,000
Furniture, Fixtures & Equipment
1.126.100
Section 3. This Capital Project Fund shall continue until the projects are complete.
Section 4. Transfers between line items shall only be made upon formal action by the Mooresville Graded Schools Board of Education and
such action shall be reported to the Iredell County Board of Commissioners at its next regularly scheduled meeting.
Section 5. Payments from this Capital Project Fund shall be authorized by the County Manager or his designee.
15. Request for the Adoption of an Amended Capital Project Ordinance for the Iredell-Statesville
Schools Construction Projects: Acting County Manager Blumenstein requested approval of the
following amended capital project ordinance. She said since February 7, when the original ordinance
was adopted, Certificates of Participation had been issued, and all bids had been awarded. Blumenstein
noted that the Qualified Zone Academy Bonds (QZAB) in the February ordinance had been deleted as a
funding source, and the contribution from the Iredell-Statesville Schools had been increased.
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