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REVISED <br />CABARRUS COUNTY <br />GRANT PROJECT ORDINANCE <br />2010 -2012 CDBG SCATTERED SITE HOUSING REHABILITATION GRANT <br />BE IT ORDAINED, by the Board of County Commissioners of the <br />County of Cabarrus, North Carolina that, pursuant to Section 13.2 of <br />Chapter 159 of the General Statutes of North Carolina, the following <br />grant project ordinance is hereby adopted: <br />Section 1. The grant project authorized is for the Community <br />Development project described in the work statement contained in the <br />grant agreement between Cabarrus County and the North Carolina <br />Department of Commerce. <br />Section 2. The officers of this unit are hereby directed to <br />proceed with this project within the terms of the grant <br />document(s),the NC Department of Commerce and the rules and <br />regulations as set forth by the federal and state government, <br />Generally Accepted Accounting Principles (GAAP) and the budget <br />contained herein. <br />Section 3. The following budgeted amounts are appropriated <br />for the projects: <br />CDBG Scattered Site Expenses: <br />Consultants $ 50,000 <br />Sub Contractor Construction $ 320,000 <br />Local Option Urgent Repair $ 40,000 <br />Section 4. The following revenues are anticipated to be <br />available to complete this project: <br />CDBG Scattered Site Revenues: <br />Program Income $ 10,000 <br />2010 CDBG Housing Rehabilitation Grant $ 400,000 <br />Section 5. The Finance Officer is hereby directed to maintain <br />within the Special Revenue Fund sufficient detailed accounting <br />records to provide the accounting to the grantor agency required by <br />the grant agreement(s) and federal and state regulations. <br />Section 6. Funds may be advanced from the General Fund for <br />the purpose of making payments as due. Reimbursement to the General <br />Fund should be made in an orderly and timely manner. <br />Section 7. The Finance Officer is directed to report, at the <br />request of the Board, on the financial status of each project <br />element in Section 3 and on the total revenues received or claimed. <br />Section 8. Copies of this grant project ordinance shall be <br />furnished to the Clerk to the Governing Board, and to the Budget <br />Officer and the Finance Officer for direction in carrying out this <br />project. <br />Section 9. At the completion of the project, all unrestricted <br />excess funds are transferred to the General Fund and the Grant <br />Project Ordinance is closed. <br />Section 10. The County Manager is hereby authorized to transfer <br />Attachment number 1 <br />F -2 Page 106 <br />