Laserfiche WebLink
CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 7/21/08 Agenda Item # G _ I <br />SUBJECT: <br />Industrial Development Incentive Grant -Saddle Creek Corporation -Public Hearing - 6:30 <br />p.m. <br />BRIEF SUMMARY: <br />Saddle Creek Corporation is considering an expansion of its current location in Cabarrus <br />County. They plan to construct a 300,000 sq ft facility in Harrisburg with an expected value <br />of $12,000,000. Saddle Creek is a nationwide, privately held, third-party logistics company <br />specializing in dedicated and public warehousing, transportation, contract packaging and <br />logistics. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />1. Hold a public hearing. <br />2. Authorize a 3-year incentive grant to the Saddle Creek Corporation, equivalent to 85 <br />percent of the ad valorem taxes on the total project investment of $12 million. Authorize <br />the County Manager and County Attorney to conclude the negotiations and execute the <br />agreement. <br />Attachments Q Yes ^ No Expected Length of Presentation 5 Minutes <br />Submitted By: Samantha Moose, Cabarrus EDC <br />Name /Job Title <br />Date: 7/5/08 <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />