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7/14/1983
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7/14/1983
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7/23/2015 11:50:01 AM
Creation date
6/11/2015 2:59:30 PM
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Meetings
Meeting Type
Special Call Meeting
Document Type
Minutes
Meeting Date
07/14/1983
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�4 <br />JUL 1 1983 <br />ter ° 5 il-4,, <br />may not be aware at this time that could result in a claim <br />for damages. <br />THE CHAIRMAN CALLED FOR THE QUESTION in <br />regard to accepting settlement as recom- <br />mended by the Attorney. It was voted on <br />and carried unanimously. <br />Budget Officer Barton noted that there is a retainage <br />of $2,000, making a total of $74,500 to be paid by the <br />county; we have $32,750 left in the original construction, <br />leaving a shortfall of $41,741. There are two choices to <br />fund this - either go into the General Fund reserve for <br />contingency and appropriate that amount or Federal Revenue <br />Sharing" which had unanticipated revenue. <br />Some discussion ensued regarding refunding the bond <br />issue, at which time.the amount borrowed from the General <br />Fund could be repaid. <br />ON MOTION by Commissioner Lyons, SECONDED <br />by Commissioner Scurlock, the Board unani- <br />mously agreed to__appropriate by Loan from <br />the General Fund $41,171, the balance of <br />funds necessary for the payoff of Reinhold <br />Construction, noting that this loan is to <br />be repaid on the refunding of the bond <br />issue for the Administration building. <br />Commissioner Scurlock reported that this was the <br />recommendation of the Finance Advisory Committee. <br />Commissioner Lyons felt the attorneys should be <br />commended for doing an outstanding job of negotiation, and <br />4 <br />
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