title
Commissioner Fraley - Finance - To Recognize Grant Received by Cherryville for the VIPER Radio Project (Administrative Correction - 2019-109)
body
STAFF CONTACT
Brandy Decker - Finance - 704-866-3338
BUDGET IMPACT
budget
No impact
body
BUDGET ORDINANCE IMPACT
No Impact
BACKGROUND
In Fiscal Year 2019 the County entered into a lease with Motorola for the VIPER equipment and infrastructure. The lease was a short term lease and therefore not required to go before the board. The County entered into Limited Obligation Bonds to pay off the lease in its entirety. The County received funds from the 911 Board $1,329,670 which was applied directly to the VIPER project. Also, the Town of Cherryville received a grant for $1,709,577 to pay for the Fire District radios. This action recognizes the grant received by the Town of Cherryville and reduces the lease obligation. Cherryville paid $1,709,577 directly to Motorola. As a result, this administrative correction recognizes that the savings of $1,709,577 needs to go towards paying down the debt associated with the Limited Obligation Bonds.
At this time, the County has no outstanding lease obligation with Motorola for the VIPER radio project.
No additional appropriation of funds.
POLICY IMPACT
N/A
ATTACHMENTS
Motorola Lease Addendum # 2