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CABARRUS COUNTY <br />BOARD OF • • <br />REGULAR <br />DECEMBER 14, 2015 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Planning and Development - Receipt of HOME 2015 Grant for Senior <br />Apartment Complex <br />BRIEF SUMMARY: <br />Cabarrus County will receive $95,815 from the HOME 2015 partnership <br />project with the City of Concord. A $25,000 contribution will be made from <br />the original FY2016 General Fund budget. Funds for this project will be <br />used for the construction of a senior citizen apartment complex in <br />conjunction with Prosperity Unlimited, if funded by the North Carolina <br />Housing Finance Agency (NCHFA). <br />REQUESTED ACTION: <br />Motion to adopt revised Community Development Special Revenue <br />Project Ordinance and related budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Kelly F. Sifford, Planning and Development Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />F -10 Page 267 <br />