Laserfiche WebLink
09 <br />stated that NCACC provides comprehensive coverage to counties that is uniquely designed to cover <br />the County's needs and operations. The cost of the renewal is $335,504, with a savings from last year <br />of $11,653. After discussion, Commissioner Smith moved to approve the renewal quote from the North <br />Carolina Association of County Commissioners for Workers' Compensation Insurance, a copy of which <br />is attached to these Minutes and by this reference made a part hereof, and authorize the County <br />Manager to sign required documents. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, Knecht, Parks, Reives, Smith, and <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />Commissioner Dalrymple moved to approve Budget Amendment # 05; <br />which is attached to these Minutes and by this reference made a part <br />were as follows: 11%,, <br />7 as presented, a copy of <br />Upon a vote, the results <br />mith, and Womack <br />unanimously. <br />The Board conside and of bankingO'services. Finance Director Lisa Minter asked the <br />Board to award bankin rvices First Citizens Bank for the period July 1, 2013 through June 30, <br />2018. Ms. Minter st t o 4 th a nking services request for proposal was forwarded to <br />several local banks, with p ay 3` Two proposals were received from BB &T and First <br />Citizens. Both bids were revs and analyzed with clarifications resolved on some issues from both <br />banks. The County has been w Citizens Bank since July 1, 2006 and have avoided fees since <br />that time by ning a non -inte t bearing CD with them in the amount of $206,000. With interest <br />rates at - , a compe sating balance is no longer a reasonable option. Ms. Minter stated <br />she a d for oroie monthly fees from each bank for a five -year term First Citizens is willin to <br />appears to <br />the guarar <br />banking sE <br />presented. <br />g <br />r five years; however, BB &T is only honoring a portion of their fees for one - <br />ubject to market changes. BB &T is offering a .33% earnings credit to offset <br />ns is offering a .10% interest payment on our account. Even though BB &T <br />net cost, Ms. Minter recommended the County stay with First Citizens because of <br />g for five years. After discussion, Commissioner Womack moved to approve <br />First Citizens Bank for the period July 1, 2013 through June 30, 2018 as <br />Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, Knecht, Parks, Reives, Smith, and Womack <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />5 <br />