Laserfiche WebLink
CABARRUS COUNTY <br />~~~ 1~~ r~ BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />~~ JULY 20, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />EDC -Economic Development Grant Request for JRH Vehicle and Public <br />Hearing - 6:30 P.M. <br />BRIEF SUMMARY: <br />JRH Vehicle Investments II, LLC (Hendrick Motorsports) is considering an <br />expansion of its current location in Cabarrus County. The company <br />intends to construct a 50,000 sq. ft. facility with an expected value of <br />$2,910,000 in Cabarrus County. The Hendrick Motorsports complex is <br />located on Papa Joe Hendrick Blvd and employs over 500. <br />At its June 2009 meeting, the Cabarrus EDC Board of Directors voted <br />unanimously to forward this project to the Cabarrus County Board of <br />Commissioners for consideration. <br />REQUESTED ACTION: <br />1. Hold a public hearing. <br />2. Consider a motion to authorize or deny an economic development <br />grant for JRH Vehicle pursuant to the Economic Development Grant <br />Program effective October 20, 2008 and authorize the County Manager to <br />execute the Agreement on behalf of the Board, subject to review and/or <br />revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Anna Lu Wilson, Cabarrus EDC <br />BUDGET AMENDMENT REQUIRED: <br />G-1 Page 357 of 627 <br />