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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />¢ Ttt eAR�rjr AUGUST 15 20 <br />� / <br />1 P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />County Manager - SunCap Charlotte LLC Road Improvements <br />BRIEF SUMMARY: <br />SunCap Charlotte LLC is required to make improvements to the <br />surrounding road network as part of their development on International <br />Drive. NCDOT has secured economic development funds to assist with <br />those improvements. One of the funding requirements is that the <br />funds must pass through a local government rather than be paid directly <br />to the private company. Cabarrus County will need to enter into two <br />agreements, one with NCDOT and one with SunCap, to receive and <br />disburse the funds. There will be no cost to the County other than some <br />legal fees to prepare the necessary documents. <br />REQUESTED ACTION: <br />Motion to approve Cabarrus County acting as the recipient and distributor <br />of NCDOT economic development funds for this purpose and to authorize <br />the County Manager to execute the related agreements subject to review <br />and /or revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Jonathan B. Marshall, Deputy County Manager <br />Kyle D. Bilafer, Area Manager <br />BUDGET AMENDMENT REQUIRED: <br />i <br />F -1 Page 74 <br />