AG 1996 04 16 - Laserfiche WebLink

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GRANT PROJECT BUDGET ORDINANCE STANLEY WORKS CDBG 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 grant project ordinance is hereby adopted: Section 1. The project authorized is the Community Development project described in the work statement contained in the grant agreement 95-E-0195, between this unit and the N. C. Department of Commerce - Commerce Finance Center. This project is more familiarly known as The Stanley Works CDBG Project. Section 2. The officers of this unit are hereby directed to proceed with the grant project within the terms of the grant document(s), the rules and regulations of the Department of Commerce, and the budget contained herein. Section 3. The following revenues are anticipated to be available to complete this project: $500,000.00 ......................... Community Development Grant $847,500.00 ......................... County Contribution Section 4. The following amounts are appropriated for the project: 1. Roadway Construction 2. Generator 3. Water Improvements 4. Sewer Improvements 5. On-Site Improvements CDBG Funds County, Funds $ 96,825 193,291 $ 61,709 (up to $61,7o9) 201,489 8,395 785,791 (up to $785,791) Section 5. The Finance Officer is hereby directed to maintain within the Grant Project Fund sufficient detailed accounting records to provide the accounting to the grantor agency required by the grant agreement(s) and the 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 monthly in the financial reports the status of each project element in Section 4 and on the total grant revenues received or claimed.