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CABARRUS COUNTY t <br />~5~°~'y 1 <br />~~ `~ BOARD OF COMMISSIONERS <br />REGULAR MEETING ' <br />OCTOBER 20, 2008 ' <br />6:30 P.M. <br />AGENDA CATEGORY: ' <br />Consent Agenda <br />SUBJECT: ' <br />County Manager -Budget Amendment (Cannon Foundation -Appropriation of <br />Grant Funds - $2,529) ' <br />BRIEF SUMMARY: <br />On September 19, 2008 the Cannon Foundation provided an unrestricted <br />grant totaling $2,529.08 which is equivalent to the amount of property taxes <br />for 52 Spring Street NW. Properties owned by nonprofits are exempt from <br />property taxes. Staff recommends allocating this grant to the Incubator Farm <br />project on Atando Road. <br />REQUESTED ACTION: <br />Motion to adopt budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />John Day, County Manager <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. Approval is recommended. ' <br />BUDGET AMENDMENT: <br />Item# 8 ' <br />__-- ~-----.__m._ __ . ___._......___ .___ _ . __ __ ~. __._______. ___ _ <br />----- <br />Date. 9/26/2008 Amount $2,529 <br />__ <br />F-6 Page 98 of 468 <br />