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1 ELMA LOMAX INCUBATOR FARM PROJECT ORDINANCE ' BE IT ORDAINED by the CABARRUS COUNTY BOARD OF COUNTY COMMISSIONERS, that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following project ordinance is hereby adopted: Section 1. The project authorized is the Elma Lomax Incubator Farm Project located on Atando Road in Cabatrus County. Section 2. The officers of this unit are hereby directed to proceed with the capital project within the terms of the grant document(s) and the budget contained herein. ' Section 3. The following revenues are anticipated to be available to complete this project. ' $ 675,000 ............................ N.C. Agricultural Development & Farmland Preservation Grant $ 145,750 ........................... Local Grant Match funds $ 20,000..••••,.....•••.......•..... Donations $ 2,529.. .Cannon Grant $ 254,250 ............................ Capital Reserve Funds $1,097,529 Total Revenue t Section 4. The following amounts are appropriated for the project: $ 840,750 .............................N. C. Agricultural Development & Farmland Preservation Grant Expense $ 2,529 ...............................Cannon Grant Expenses $ 254,250 .............................Incubator Farm Site ' $1,097,529 Total Expenses Section 5. The Finance Officer is hereby directed to maintain within the Special Projects Fund sufficient detailed accounting records to provide the accounting to the grantor agencies required by the grant agreement(s) and any federal and state regulations. Section 6. Requests for funds should be made to the grantor agency in an orderly and timely manner as funds are obligated and expenses incurred. ' Section 7. The Finance Officer is directed to report, at the request of the Board, on the financial status of each project element in Section 4 and on the total revenues received or ' claimed. ' Item# 9 -1- Attachmentnumber 1 F-7 Page 103 of 468