Laserfiche WebLink
CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> JANUARY 17, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> New Business <br /> SUBJECT: <br /> Economic Development Investment - Project Fall - Public Hearing 6:30 <br /> P.M. <br /> BRIEF SUMMARY: <br /> Representatives from the Cabarrus Economic Development Corporation <br /> (EDC) will present a request for an economic development investment for <br /> Project Fall pursuant to NC General Statute 158.7.1 . Project Fall proposes <br /> to construct a 6,000 square foot facility in Cabarrus County, with a <br /> projected investment of approximately $6 million in real property and $4 <br /> million in personal property. <br /> A 3-year grant equivalent to 85 percent of the ad valorem taxes on the <br /> increase in real and personal property tax values is requested. A public <br /> hearing is required. <br /> REQUESTED ACTION: <br /> Hold a public hearing. <br /> Motion to approve an economic development investment agreement (3 <br /> years, 85 percent) between Project Fall and Cabarrus County, and to <br /> authorize the County Manager to execute the Agreement on behalf of the <br /> Board, subject to review or revision by the County Attorney. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> 10 Minutes <br /> SUBMITTED BY: <br /> G-1 Page 59 <br />