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CABARRUS COU <br />BOARD OF COMMIS <br />REGULAR MEET <br />AUGUST 17, 2009 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />EDC -Economic Development Grant Request for 390 Business Blvd., <br />LLC & Public Hearing - 6:30 P.M. <br />BRIEF SUMMARY: <br />390 Business Blvd. LLC is considering construction of a 177,000 square <br />foot industrial speculative building in the International Business Park at <br />Concord. This building is expected to be an investment of $7,800,000. <br />The EDC Board of Directors did not meet in July; therefore, this grant <br />request had not been considered or approved by the EDC at the time of <br />agenda preparation. <br />REQUESTED ACTION: <br />1. Hold a public hearing. <br />2. Consider a motion to approve or deny an economic development grant <br />for 390 Business Blvd., LLC pursuant to the Economic Development <br />Grant Program effective October 20, 2008 and if approved, authorize the <br />County Manager to execute the Agreement on behalf of the Board, <br />subject to review and/or revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />10 Minutes <br />SUBMITTED BY: <br />Ryan McDaniels, EDC <br />BUDGET AMENDMENT REQUIRED: <br />No <br />Page 222 of 315 <br />G-1 <br />