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CABARRUS COUNTY COMMUNITY DEVELOPMENT SPECIAL REVENUE PROJECT ORDINANCE BE IT ORDAINED by the Board of Commissioners of the County of County of Cabarrus, North Carolina that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby adopted: Section 1. The projects authorized is for the Grant Projects for the purpose of receiving and disbursing funds as directed by Home Program Grant and the Department of Commerce. The projects are referenced in Section 3.. Section 2. The officers of this unit are hereby directed to proceed within the terms of the Generally Accepted Accounting Principles (GAAP), the grant terms, the rules and regulations of the Department of Commerce and the budget contained herein. Section 3. The following budgeted amounts are appropriated for the projects: CDBG: Sub - Contractor Home 2011: Sub - Contractor Consultants Home 2012: Sub - Contractor Consultants Home 2013: Sub - Contractor Consultants Home 2015: Sub - Contractor Consultants $ 34,997 173,881 8,115 117,841 5,570 117,345 5,541 115,392 5.423 Total $ 584,105 Section 4. The following budgeted revenues are anticipated to be available to complete these projects. ,WeM. 0'_ Program Fees $ 34,997 Home 2011: Home Consortium Revenues 125,706 Program Fees 26,290 Contribution from General Fund 30,000 Home 2012: Home Consortium Revenues 98,411 Contribution from General Fund 25,000 Home 2013: Home Consortium Revenues 97,886 Contribution from General Fund 25,000 Home 2015: Home Consortium Revenues 95,815 Contribution from General Fund 25,000 Total $ 584,105 F -10 Page 269