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AG 2011 08 15
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AG 2011 08 15
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Last modified
8/16/2011 9:32:21 AM
Creation date
11/27/2017 11:16:35 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/15/2011
Board
Board of Commissioners
Meeting Type
Regular
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B. The award of a Grant is designed to increase employment opportunities within the <br />County as well as to increase the assessed valuation of the County The BOC may <br />consider a number of factors when deliberating upon whether to award a Grant. This <br />recognizes the great variety of businesses, which have widely different capital and <br />employment structures and needs. The factors that may be considered include but are <br />not limited to the following: <br />1. The type of industry or business as a further diversification of Cabarrus County's <br />business base; <br />2. The size and scope of the project based upon investment in site development, facilities, <br />buildings and other business infrastructure inclusive of technology; <br />3. The diversity, quality and quantity of jobs created by a project, including whether the <br />industry or business provides company -paid benefits such as healthcare, vacation and <br />pensions and the degree to which wages exceed the county average; <br />4. The potential for future expansion of investment and employment; <br />5. Site specific issues impacting public infrastructure; <br />6. Actions that if pursued, stimulate development in areas of Cabarrus County deemed <br />beneficial; <br />7. The ratio of investment in real versus personal property assets; <br />8. The environmental impact of the project. This may include such elements as waste <br />recycling programs, energy efficient (or LEED) design, conservation easements, the <br />degree to which the natural landscape and topography are disturbed, water <br />conservation programs and the use and /or production of alternative (non - fossil fuel) <br />energy. <br />9. The type of product produced (as well as the production process itself) or sold and <br />whether it is recyclable, noxious, volatile, controversial, hazardous, banned by other <br />governments or countries, lethal or otherwise dangerous. <br />Section 3. PROJECT CATEGORIES, GRANT PARAMETERS AND ELIGIBILTY <br />1. Eligible Uses. Eligible uses include, but are not limited to, agricultural operations; <br />facilities to house corporate headquarters; manufacturing, assembly, fabrication or <br />processing operations; research and development facilities; motorsports facilities; <br />warehouse or distribution facilities; and office buildings. The applicant must <br />demonstrate to the satisfaction of the BOC that it would not construct these facilities <br />but for the award of a Grant. <br />2. Grant Parameters. A Grant approved by the BOC may be an amount equaling up to <br />85% of the real and personal property tax actually paid on assets eligible for this <br />Program. The minimum incremental increase in assessed value of assets shall be $1.5 <br />million, except in those cases where the Grant is used to encourage the development or <br />help ensure the success of certain targeted businesses and /or geographic areas, where <br />the threshold shall be at the discretion of the Board of Commissioners. <br />Attachment number 2 <br />G -2 Page 231 <br />
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