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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDAITEM REQUEST <br />Meeting Date 6/18/07 Agenda Item #~_ <br />SUBJECT: <br />Cabarrus Economic Development Corporation - Annual Contract Including Financial <br />Support <br />BRIEF SUMMARY: <br />Cabarrus Economic Development, Inc. provides "core economic development services" in <br />Cabarrus County and requests financial support in an amount not to exceed $438,000.00 <br />annually. <br />REQU E$TE~ /~CT~~N: (Suggested motion !f the Board approves the agenda item as presentedJ <br />1. Approve the Economic Development Public Investor Agreement between Cabarrus <br />County and the Cabarrus Economic Development, Inc. <br />2. Authorize the County Manager to execute the Agreement, subject to revision by the <br />County Attorney and final approval of the FY 2008 budget. <br />Attachments ^X Yes ^ No Expected Length of Presentation 5 Minutes <br />Submitted By: John Cox, Cabarrus Chamber of Commerce Date: 5/31/07 <br />Name I Job Title <br />Budget Amendment Required: ^ Yes ^X No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^X No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />-~a <br />