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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 3/24/08 Agenda Item # F'Jr <br />SUBJECT: <br />NASCAR SPRINT CUP All-Star Challenge -Budget Amendment - ($20,000) <br />BRIEF SUMMARY: <br />The NASCAR All-Star Race has a major economic impact in Cabarrus County and the <br />surrounding area (over $100 million). Last year, a committee comprised of area local <br />government representatives and several organizations engaged in an effort to enhance the <br />event and maximize the positive impact of the race to ensure its continuation at Lowe's <br />Motor Speedway. The County contributed $20,000 in support the last two fiscal years and <br />is being requested to fund the same amount this year. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to adopt the attached budget amendment appropriating contingency funds for a <br />contribution of $20,000 to help fund the events planned in support of retaining the <br />NASCAR SPRINT CUP All-Star Race in Cabarrus County. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Jonathan Marshall, Commerce Director Date: 2/28/08 <br />Budget Amendment Required: ^D Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ~ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />F-5 <br />