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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 10/15/07 Agenda Item # G _ ~ <br />SUBJECT: <br />Interlocal Agreement for Kannapolis Tax Increment Financing (TIF) -Discussion of <br />Graduated Portion of Debt Payments <br />BRIEF SUMMARY: <br />The Board of Commissioners requested three scenarios for reducing the County's portion <br />of the TIF bond debt payments over time as excess revenue is provided by development in <br />the TIF district. These scenarios were not available as of agenda distribution, but will be <br />provided upon completion. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Decide whether the County's portion of TIF bond debt payments will be be graduated. <br />Attachments ^ Yes ^X No Expected Length of Presentation 5 Minutes <br />Submitted By: John Day, County Manager <br />Name /Job Title <br />Date: 10/8/07 <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's RecommendationslComments: <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 />U -~1 <br />