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1 ' - --- MEMORANDUM ' To: Cabarrus County Board of Commissioners From: Kassie G. Watts, AICP/Senior Planner ' Subject: Consent Agreement and School Capacity Information for Edison Square Condominium Project Date: 1 /13/2009 ' The Edison Square condominium project was approved by the City of Concord Planning and Zoning Board on June 20, 2006. The project consists of 168 condominium units on + /-31.65 acres located at the intersection of Harris Road and Ellenwood Drive. The specifics of the agreement are as follows: ^ Developer -Shea Homes, LLC, 3~6 Toringdon Way, Suite 100, Charlotte, NC 28210. ^ Payment of $1,331 per unit will be paid prior to building permittix~ Build out schedule would be no more than 45 multi family residential condominium unit ' building permits issued in calendar year 2009, no rriore than 45 multi-family residential condominium unit building permits issued in calendar year 2010, no more than 45 multi- family residential condominium unit building permits issued in calendar year 2011, and no t more than 33 multi-family residential condominium unit building permits issued in calendar year 2012. ^ This Consent Agreement was tabled at the December 15, 2008 regular meeting of the Board ' of Commissioners. The APFO worksheet filled out by NIr. Robert Kluttz with Cabarrus County Schools indicates that schools impacted by the Edison Square condominium project are ctnrently functioning at the ' following capacities: Cox NTill E lementary School - 88.2% Harris Road Nfiddle School -122.5% ' Northwest Cabamas High School -128.2% Including previously approved subdivisions and additional capacity from funded improvements in ' the Capital Improvement Plan, these schools will be functioning at the following capacity upon completion of the E d~son Square condominium project: Cox Mill E lementarySchool -134.32% ' Harris Road Nfiddle School -112.70% Northwest Cabamas High School - 92.38% ' The Capifial Improvement Plan includes the Cox Nell High School, projected to open in August 2009 and will provide relief to Northwest Cabam.s High School. This project was funded in FY 2008 according to the ctment CIP. The CIP also includes a new middle school in 2010 in the south central part of the county that will provide relief to Harris Road, Concord, J.M Robinson and Northwest ' Nfiddle Schools. The CIP indicates this project will be funded in FY 2009. Cabamas County Schools operating at 110% capacity are considered to be operating at the m-vdmtun ty Item# 2 Attachment number 1 ' E-1 Page 93 of 253