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CABARRUS COUNTY <br />* <br />REGULAR <br />NOVEMBER 16, 2015 <br />1 <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />EDC - Economic Development Grant Request - Public Hearing 6:30 P.M. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation <br />(EDC) will present a request for an economic development cash grant in <br />the amount of $930,240 for Beacon Partners (River Oaks - River Oaks <br />Corporate Center), pursuant to N.C. General Statute 158 -7.1 to provide <br />public infrastructure within the River Oaks Corporate Center to include: a <br />public roadway, utility extensions, and a traffic signal at the intersection of <br />the new roadway and Derita Road. <br />REQUESTED ACTION: <br />Hold a public hearing. <br />EXPECTED LENGTH OF PRESENTATION: <br />10 Minutes <br />SUBMITTED BY: <br />Patrick Coughlin, President and CEO, Cabarrus EDC <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />New Business item. <br />G -1 Page 150 <br />