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Commissioner Brown - County Attorney - To Authorize an Interlocal Grant Agreement With the City of Gastonia to Relocate Public Utilities at 147 W. Main Avenue (Center City Crossings) and to Appropriate the Necessary Funds for the Execution of the Interlocal Grant Agreement (Not to Exceed $370,000 - Capital Fund Balance)
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STAFF CONTACT
Jonathan L. Sink - County Attorney
BUDGET IMPACT
budget
Appropriation of $370,000 from CIF Fund Balance that is transferred to CIP and appropriated into an expense account/project.
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BUDGET ORDINANCE IMPACT
Appropriates $370,000 from fund balance and increases expenses in CIF fund; increases revenues and expenses in CIP fund by $370,000.
BACKGROUND
Section 160A-461 of the North Carolina General Statutes authorizes units of local government to enter into interlocal agreements for any undertaking. The County is further permitted to provide grants to third parties, provided such grant is for a public purpose and meets other statutory and constitutional requirements of the State of North Carolina.
The purpose of the agreement between the County and the City of Gastonia is to provide monies to the City of Gastonia associated with the relocation of public utilities at 147 W. Main Avenue, where Center City Crossings will be developed. Public utilities will be relocated in order to allow for the construction of a new multi-family residential development, which will increase the tax base and revitalize the downtown of Gastonia.
Approval of this Board Action authorizes the County Attorney to execute an Interlocal Grant Agreement with the City of Gastonia.
POLICY IMPACT
N/A.
ATTACHMENTS
Budget Change Request (BCR) and Interlocal Grant Agreement