Title
FY25 Fall Capital Improvement Project Closures and Technical Correction
Recommended Action
That the Board of Commissioners:
1. Approves budget revisions to several Capital Improvement Funds to close completed projects with remaining budget capacity as described below. Unexpended budget will be moved to project savings and reallocated for use in future capital projects through the capital budget development process or re-invested in current projects facing cost escalations.
2. Approves a technical correction to modify the recipient of $1,000,000 of Community Capital Project funding from Fertile Ground Food Cooperative to Carolina Common Enterprise, which is the fiscal sponsor for Fertile Ground Food Cooperative, a community-owned grocery store project in southeast Raleigh; and authorizes the County Manager to enter into a funding agreement with Carolina Common Enterprise subject to the approval of terms and conditions acceptable to the County Attorney.