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Orange County ABC Board <br /> Open Meeting Board Minutes <br /> Tuesday August 20,2019 <br /> 5 Consent Agenda:June 2019 <br /> a. Financial Reports: <br /> i.Comparative Statement of Net Assets <br /> ii.Comparative Revenue and Expenses for Jane 2019 and Jane 2018 <br /> iii Acmal-to-Budget June 2019 <br /> b.June 2019 and Year-to-Date Retail Sales <br /> c.Statewide Sales Report <br /> Discussion was held.Ms.Cartermade a motionW approve the June 2019 ConsentAgenda,Mr.Bums <br /> seconded the motion and the vote carried <br /> 6. Consent Agenda:July 2019 <br /> a.Financial Reports: <br /> i.Comparative Statement of Net Assets <br /> ii.Comparative Revenue and Expenses for July 2019 and July 2018 <br /> iii Actual-to-Budget July 2019 <br /> b.July 2019 and Year-to-Date Retail Sales <br /> c.Statewide Sales Report <br /> Discussion was held.Mr.Burns made a motion to approve the July 2019 ConsentAgenda,Ms.Carter <br /> seconded the motion and the vote carried <br /> 7.Management Updates: <br /> L Law Enforcement Reports:This report is required by the NCABC. <br /> 2. House Bill Update: Several Bills passed and will go into effect as of September 1, 2019 (see <br /> attached). <br /> 3.Recurring Topics:An updated list of recurring Board topics and dates were presented. <br /> 4.Annual Meeting: Keith Bagby,Chairman,Tony DuBios General Manager, Sonya Pennington, <br /> Store Manager and Kevin Lane,Assistant Buyer attended the annual conference in Pinehurst,NC. <br /> 5.Oakdale Project Update: The project is moving forward and still has a completion date tofinish <br /> near the end of October.Updated photos were presented at the meeting. <br /> 8. Budget Amendment: Staff is recommending a budget amendment for funds to purchase and install a new <br /> security system at our Store#4location(Mebane).The proposed amendment would increase capital expenses <br /> for FY 2020 by$9130 and decrease capital retained by the same mutual.Mr.Burns made motion to approve <br /> the budget amendment in the amount of$8130,Ms. Cousins seconded the motion at We vote carried <br /> 9. Oakdale Project update: Work on the new Hillsborough Store 810 at Oakdale Drive is underway. An <br /> updated Project Budget will be presented monthly at the bond meeting throughout the project <br /> 10. Property Sales Approval:The Board owns real property at 112 John Earl Street,Hillsborough NC 27278. <br /> A resolution was passed on June 17,2019 to sell the property.A negotiated offer was accepted on August 8, <br /> 2019,subject to an upset bid process.The upset bid notice was posted in the News and Observer on August <br /> 9,2019.The 10-day period expired on August 19,2019 and we have received no upset bids.Discussion was <br /> held on accepting the offer of$450,000 for the property at 112 John Earl Street,Hillsborough NC.Ms.Carter <br /> made a motion to accept$I50,000forthe propero at 112John BarlSbee4 Mr.Burns secondedthemotion <br /> and the vote carried <br /> Open Session 8/20/2019 Page 2 of 3 pages <br />