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MEMORANDUM To: Cabarrus County Board of Commissioners From: Kassie Goodson Watts/Senior Planner Subject: Consent Agreement and School Capacity Information fox Preston Ridge Apartment Project Date: 7/3/2008 The Preston Ridge apartment project was approved by the City of Concord Planning and Zoning Board on November 21, 2006. The project consists of 412 multi-family units on +/-49.791 acres located on Weddington Road. The specifics of the agreement axe as follows: • Developer - Weddington Road Properties, I.I,C, P.O. Box 1229, Wiltniugton, NC 28401 • Payment of $1,331 per unit will be due prior to the issuance of building permits. • Build out schedule would be no more than 242 multi-family residential apartment unit building permits issued in calendar year 2009, no more than 170 mull-family apartment unit permits issued in calendar year 2010. The APFO worksheet filled out by Mx. Robert Kluttz with Cabarrus County Schools indicates that schools impacted by the Preston Ridge apartment project axe currently functioning at the following capacities: Carl A. Furr Elementary School - 98.26% Harris Road Middle School -114.90% Jay M. Robinson High School - 99.81% Including previously approved subdivisions, these schools will be functioning at the following capacity upon completion of the Preston Ridge apartment project: Carl A. Furr Elementary School -111.56% Hazris Road Middle School -173.48% Jay M. Robinson High School - 110.48% The Capital Improvement Plan includes the Cox Mill High School, projected to open in 2009 and will provide relief to Jay M. Robinson and Northwest Cabarrus High Schools. An addition at Carl A. Furr Elementary School in 2010 will add 200 seats. 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 Middle School. All improvements listed above are to be funded in the 2009 fiscal year. Cabarrus County Schools operating at 110% capacity axe considered to be operating at the maximum capacity. The Subdivision I,ot Inventory has been updated through July of 2008. G-~