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1792 <br />t - A <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />NOTICE OF PUBLIC HEARING <br />August 15, 2016 — 6:30 P.M. <br />Economic Development Investment <br />Notice is hereby given that the Cabarrus County Board of Commissioners will hold a public <br />hearing at 6:30 p.m. (or as soon thereafter as persons may be heard) on Monday, August 15, <br />2016, in the Board of Commissioners' Meeting Room, located on the second floor of the <br />Cabarrus County Governmental Center, 65 Church Street SE, Concord, to consider an <br />economic development investment for Hotel Concord, pursuant to N.C. General Statute §158- <br />7.1. Rehab Development, Inc. proposes to redevelop the Hotel Concord, Concord Telephone <br />Exchange Company and Fifth -Third Bank properties into a mixed use <br />residential/commercial/retail project. A 5 -year economic development amortizable loan not - <br />to- exceed $105,000 is requested, to be funded equally over 5 years with clawbacks, per N.C. <br />General Statute §158- 7.1(b)(8). The proposed draft agreement is available for inspection in <br />the Office of the Clerk to the Board at the Governmental Center. <br />If reasonable accommodations are needed, please contact the ADA Coordinator at 704 -920- <br />2100 at least 48 hours prior to the public hearing. <br />Megan Smit, Clerk to the Board <br />Posted August 3, 2016 <br />Attachment number 2 \n <br />G -1 Page 169 <br />