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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />SEPTEMBER 21, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />BOC -Approval of Modification to Economic Development Grant Program <br />(Effective October 20, 2008) <br />BRIEF SUMMARY: <br />As requested by the Board at its August 19, 2009 meeting, a revision <br />to Section 3.2 of Economic Development Grant Program was prepared as <br />follows: <br />The Grant will only be awarded to bring about the relocation or expansion of <br />a business that would not have occurred except for the award of the Grant, <br />or to encourage the development or help ensure the success of certain <br />targeted businesses and/or geographic areas. In particular, the BOC desires <br />to encourage development and redevelopment within municipal boundaries where <br />supporting infrastructure already exists and in areas where infill <br />development or redevelopment may spur additional investment. <br />REQUESTED ACTION: <br />Motion to approve the Economic Development Grant Program as revised <br />with an effective date of September 21, 2009. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />John Day, County Manager <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />F 2 Page 86 <br />