Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

RESOLUTION APPROPRIATING PAYMENT FROM INDUSTRIAL DEVELOPMENT AGENCY (IDA) LOT SALES PROCEEDS AT TRYON TECHNOLOGY PARK

WHEREAS, in accordance with the Fulton County Industrial Development Agency’s (IDA) sharing policy for lot sales proceeds, the Board of Supervisors received a payment related to Vireo Health’s 93-acre purchase at the Tryon Technology Park; and

WHEREAS, the Committee on Finance determined that said payment should be deposited to County Capital Reserve accounts that were utilized in the past to complete infrastructure projects at Tryon Technology Park; now, therefore be it
RESOLVED, That upon the recommendation of the Committee on Finance, said payment totaling $47,384.00 shall be placed in the A-0883.0800 – Capital Improvement Reserves; and, be it further

RESOLVED, That the 2021 Adopted Budget be and hereby is amended as follows:

Decrease A.1000.0599-0599 - REV - Appropriated Fund Balance $47,384.00

Revenue

Increase A.1000.2770-2770 - REV- Other Unclassified Revenues $47,384.00

and, be it further

RESOLVED, That the County Treasurer be and hereby is directed to make the following transfers:

From: A-0909-Unreserved Fund Balance

To: A.0883.0800 – Capital Improvement Reserves

Sum: $47,384.00

and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, Fulton County IDA, Budget Director/County Auditor and Administrative Officer/Clerk of the Board.

Seconded by Supervisor BLACKMON and adopted by the following vote:

TOTAL: Ayes: 18 Nays: 0 Absent: 2 (Supervisors Goderie and Potter)