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CABARRUS COUNTY <br /> Post Office Box 707 <br /> <br /> CONCORD, NORTH CAROLINA 28025 <br /> <br />-May 26, 1977 <br /> <br /> "PROPOSED BUDGET ADMENpMEN__T" <br /> <br /> 1. The Cabarrus County Community Development Department is <br /> requesting that the 'Board of Commissioners approve the <br /> transfer of the $42,800 allocated to "Ac'quisition of Real <br /> Property" to "Rehabilitation"- <br /> Explanation: This money will not be needed for the purpose <br /> of acquiring real property and would be better used in Che <br /> rehabilitation portion of the Community Development Program. <br /> <br /> 2. The Cabarrus County Community Development Department is re- <br /> questing that the Board of Commissioners approve the trans- <br /> fer of $4,000 allocated to "Clearance, Demolition, Rehabili- <br /> tation'' to "Rehabilitationj'. <br /> Explanation: The current remaining balance of the "Clearance, <br /> Demolition, Rehabilitation" budget line item is $5,136.00- <br /> nl one narcel remains to be put out to bid. Even with <br /> ~ra~sfering $4,000 to "Rehabilitation" th~s will assure us <br /> of having enough money to finish this portion of the program. <br /> Both transfers, if approved, will allow remodeling work <br /> to be accomplished on an additional eight sites, of which <br /> applications have been received and approved. <br /> <br /> 3. The amended budget would be: <br /> Administration $ 20,000 <br /> Street Paving 39,000 <br /> 5,000 <br /> Temporary Lodging and Moving Costs <br /> Clearance, Demolition: Rehabilitation 8,000 <br /> Rehabilitation Grants 263,000 <br /> ~335,000 <br /> TOTAL ............................ <br /> <br /> Iq <br /> <br /> <br />