title
Commissioner Brown - Budget & Strategy - To Appropriate Funds for the Investment Grant Program for North Point Development ($329,760)
body
STAFF CONTACT
Taylor Drury - Budget & Strategy - 704-866-3122
BUDGET IMPACT
budget
Increase General Fund revenues (fund balance appropriation) by $329,760. Increase General Fund expenditures by $329,760.
body
BUDGET ORDINANCE IMPACT
Increase General Fund revenues (fund balance appropriation) by $329,760. Increase General Fund expenditures by $329,760.
BACKGROUND
This BCR appropriates funds for the previously Board-approved CIP Grant for North Point Development (NP Gastonia Industrial LLC), Resolution 2020-236 Adopted 9/22/2020. The 120-day remittance period ends April 29, 2023. Due to timing of the budget process and completion of goals included in the incentive grant, funds were not included in the FY23 adopted budget and are therefore being appropriated in this Board Action.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)