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Commissioners agree to cash‑flow Phase 1 of Justice Center project; transcript includes apparent numeric transcription error

April 03, 2024 | Cleveland County, North Carolina


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Commissioners agree to cash‑flow Phase 1 of Justice Center project; transcript includes apparent numeric transcription error
County Manager David Cotton presented the Justice Center Phase 1 guaranteed maximum price (GMP) and recommended cash‑flowing Phase 1 rather than borrowing now. Cotton described Phase 1 as representing approximately 80% of the total construction work and said the package includes concrete, steel, roofing, elevators, HVAC, fire suppression and detention equipment. He emphasized that ordering early for long‑lead items (for example, generators) could help keep the project on schedule.

During the presentation the transcript records a numeric figure shown as $740,006,555,166 for total construction. That number is implausible in context and appears to be a transcription or formatting error in the meeting record; the county manager discussed cash availability and recommended using on‑hand funds rather than immediate debt but did not present an alternative corrected total in the transcript. Commissioners discussed interest‑rate expectations and agreed it was prudent to delay borrowing while securing price and lead times; one commissioner noted that interest rates may decline in the future and that delaying borrowing could save money.

A motion to accept the county manager’s recommendation to cash‑flow Phase 1 was moved and seconded, and the board voted unanimously to carry the motion.

The transcript does not include a corrected GMP dollar amount, a breakdown of the cash sources, or a formal amortization plan; staff recommending follow‑up should confirm the GMP schedule, verification of the total cost, and the source(s) of the 'cash on hand' identified in Cotton’s remarks before any public communication that relies on a total project cost figure.

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