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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # r- - 'B <br /> <br />Meeting Date 5/23/05 <br /> <br />SUBJECT: <br />Communications Tower Construction funded by a $500,000 Federal Grant and a <br />$1,500,000 Capital Reserve Fund Contribution <br /> <br />BRIEF SUMMARY: <br /> <br />Two budget amendments for the construction of a Communications Tower are attached for <br />your approval. A $1 ,000,000 final contribution from the Capital Reserve Fund is being <br />made to the Capital Projects Fund for construction of the Communications Tower. <br />$1,500,000 was reserved in the Capial Reserve Fund for the construction of the tower. An <br />original $500,000 contribution was made in April 2005. An accounting/bookkeeping <br />request is being made to separate the Terrorism Grant Expense between Cabarrus County <br />and the City of Concord. The $500,000 grant is shared 50/50 with the City of Concord. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />, <br />Approve Budget Amendments <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br />Submitted By: Susan B. Fearrington/Asst. Finance Director Date: 4/26/05 <br /> <br />Budget Amendment Required: ~ Yes 0 No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes 0 No <br />County Manager's Recommendations/Comments: <br /> <br />This is a budgeted project. Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />Other [ ] <br /> <br />I=-- 6 <br />