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1792 <br />r � <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />NOTICE OF PUBLIC HEARING <br />May 18, 2015 — 6:30 P.M. <br />Economic Development Grant <br />Notice is hereby given that the Cabarrus County Board of Commissioners will hold a public hearing at 6:30 p.m. <br />(or as soon thereafter as persons may be heard) on Monday, May 18, 2015, in the Board of Commissioners' <br />Meeting Room located on the second floor of the Cabarrus County Governmental Center, 65 Church Street SE, <br />Concord, to consider an economic development grant for Project Toby, pursuant to N.C. General Statute 158- <br />7.1. Project Toby proposes to construct a 108,000 sq. ft. speculative building in Cabarrus County, with a <br />projected investment of approximately $7 million for the facility. A 3 -year grant equivalent to 85% of the ad <br />valorem taxes on the increase in real and personal property tax values is requested. The proposed draft <br />agreement is available for inspection in 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 -2100 at least 48 <br />hours prior to the public hearing. <br />Megan Smit, Clerk to the Board <br />Posted May 7, 2015 <br />Attachment number 4 <br />G -1 Page 139 <br />