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CABARRUS COUNTY <br />* <br />REGULAR MEETING <br />1 <br />�I3 CARS 1� MARCH 16 <br />• P .M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />County Manager - Update of Capital Reserve Project Ordinance and <br />Related Budget Amendment <br />BRIEF SUMMARY: <br />At the March 2, 2015 Board of Commissioners work session, direction <br />was given to update the Capital Reserve Project Ordinance and related <br />budget amendment to allocate funds to the Odell 3 -5 School Road <br />Improvements ($527,326.25), to allocate funds to the Royal Oaks <br />Elementary School surveying, geotechnical and Phase I expenditures <br />($30,000) and to release funds ($11,486,500) to be used for other County <br />projects. <br />REQUESTED ACTION: <br />Motion to approve the updated Capital Reserve Project Ordinance and <br />related budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Pamela Dubois, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />BUDGET AMENDMENT: <br />G -5 Page 189 <br />