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CABARRUS COUNTY <br />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 The Old Creamery <br />Redevelopment Project & Public Hearing - 6:30 P.M. <br />BRIEF SUMMARY: <br />The Old Creamery project is a redevelopment of property located at 363 <br />Church Street North in Concord. The size of the project is 37,900 sq. ft. <br />with an increase in real and personal property of $3,600,000. This will be <br />amulti-building, multi-floor, mixed-use retail and office space. <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 />A public hearing is required. <br />REQUESTED ACTION: <br />1. Hold a public hearing. <br />2. Consider a motion to authorize or deny an economic development <br />grant for Creamery Concord pursuant to the Economic Development <br />Grant Program effective October 20, 2008 and authorize the County <br />Manager to execute the Agreement, subject to review and/or revisions by <br />the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Anna Lu Wilson, Cabarrus EDC <br />BUDGET AMENDMENT REQUIRED: G_2 Page 371 of 627 <br />