Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
5/15/2017

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman / Gerry Vincent

Subject:          Approve a Budget Amendment to purchase certain parcels of land in or around Town Center


At the May 1 Town Board meeting, the Town Board approved a Contract to Purchase certain parcels of land in or around Town Center.  The anticipated purchase price approved by the Town Board was $165,000.  This budget amendment provides $166,500 for the purchase of the parcels and allows for any closing costs on the purchase with the use of General Fund Balance. 


ACTION RECOMMENDED: 

Approve budget amendment. 

 
 
FINANCIAL IMPLICATIONS:

Reduce General Fund Balance by $166,500