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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date <br />Agenda Item # ~-~ <br />SUBJECT: <br />Projects Funded By Tax Increment Financing (TIF) Bonds <br />BRIEF SUMMARY: <br />The Board of Commissioners voted to include the following items among those funded <br />through TIF bonds: science wing at AL Brown High School; science wing at Cox Mill High <br />School; Health Alliance Building; a senior center; a library; and utilities in Fishertown. <br />Statutorily, the library is not eligible for TIF funding, however, all the other items are. <br />The Kannapolis city council refused to accept the items endorsed the Board of <br />Commissioners for TIF bond funding. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Consider whether to make county participation in the TIF bonds contingent upon inclusion <br />of one of more of the items approved by the Board of Commissioners. <br />Attachments ^X Yes ^ No Expected Length of Presentation 5 Minutes <br />Submitted By: Vice Chairman Juba <br />Date: 9/11 /07 <br />Name /Job Title <br />Budget Amendment Required: ^ Yes ^X No <br />Budaet Amendment Attached and Reviewed by Budaet Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the agenda as a New Business item <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />lJ~~ <br />