File #: 24-487   
Type: Resolution (Consent) Status: Agenda Ready
File created: 9/26/2024 In control: Economic Development Commission
On agenda: 10/22/2024 Final action:
Enactment date: Enactment #:
Title: Commissioner Keigher - EDC - To Appropriate Fund Balance for the Investment Grant Program for Hans Kissle Site Development ($250,000)
Sponsors: Tom Keigher
Attachments: 1. BCR, 2. Previously Approved Resolution 2022-118 (Viewable Online Only)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Commissioner Keigher - EDC - To Appropriate Fund Balance for the Investment Grant Program for Hans Kissle Site Development ($250,000)

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STAFF CONTACT

Alisha Summey - Economic Development Commission - 704-825-4046

BUDGET IMPACT
budget

Increase General Fund revenues (fund balance appropriation) by $250,000. Increase General Fund expenditures by $250,000.

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BACKGROUND

The BCR appropriates funds for the previously Board-approved Site Development Grant for Hans Kissle. Resolution 2022-118 adopted 04/26/2022. The remittance period begins upon completion of construction and issue of Certificate of Occupancy. Due to the timing of the budget process and completion of goals included in the incentive grant, funds were not included in the FY25 adopted budget and are therefore being appropriated in this Board Action.

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request (BCR); Previously Approved Resolution 2022-118 (Viewable Online Only)