County staff review contractor depreciation fund and payment obligations
Get AI-powered insights, summaries, and transcripts
Subscribe
Summary
Staff discussed a contractor depreciation fund that, under the original contract, would trigger Hall County payments while the fund is below $100,000; staff asked the contractor to provide detailed accounting and indicated a possible adjustment to the county's yearly obligation was under discussion.
A county staff member (transcript speaker 4) summarized discussions about a contractor-held depreciation fund tied to an existing contract and reviewed Hall County’s payment obligations while that fund remains below $100,000.
Staff said the contract originally required Hall County to pay up to $7,500 in any year while the contractor's depreciation fund remained below $100,000. The staff member said historical statements suggested the depreciation fund balance was currently above $100,000, but the contractor was asked to “show the work” and provide documentation that the fund balance and calculations support that claim. The contractor or contractor representative agreed to provide that accounting, staff said.
During the discussion staff also said the parties had “talked about memorializing” a change that would limit Hall County’s maximum annual payment while the fund remained under $100,000; the meeting transcript’s wording on the proposed cap was unclear. Staff indicated they expect to return to the board with clearer figures and documentation once the contractor provides the requested statements.
The transcript does not record any motion or formal vote on changing the contract or on a new cap for annual county payments. The matter was described as a point for clarification and budgeting rather than an implemented change.