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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 3/20/06 <br /> <br />Agenda Item # F.' :1 <br /> <br />SUBJECT: <br />Financial Support of Efforts to Retain the NASCAR NEXTEL All-Star Challenge at Lowe's <br />Motor Speedway <br /> <br />BRIEF SUMMARY: <br /> <br />The All-Star Race has a major economic impact in Cabarrus County and the surrounding <br />area (over $100 million). A Local Organizing Committee, comprised of area local <br />government representatives and several organizations, is currently engaged in an effort to <br />enhance the event and maximize the positive impact of the race to ensure that it remains <br />at Lowe's Motor Speedway. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda Item as presented) <br /> <br />Adopt the attached budget amendment contributing $20,000 to help fund the many events <br />planned in support of retaining the All-Star Race in Cabarrus County. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br />Submitted By: Ann Sternal, CVB Director Date: 3/6/06 <br /> <br />Budget Amendment Required: ~ Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget Officer: ~ Yes 0 No <br />County Manager's Recommendations/Comments: <br /> <br />The Board voted to place this item on the consent agenda. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />F-/2.. <br />