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MEMORANDUM To: Cabarrus County Boazd of Commissioners From: Kassie Goodson Watts/Planner Subject: Consent Agreement and School Capacity Information for Crescent Circle at Concord Mills Multi-Family Apartrnent Unit Project Date: 9/21/2007 The Crescent Circle at Concord Mills Multi-Family Apartrnent Unit project was approved by the City of Concord Planning and Zoning Board on January 16, 2007. This multi-family apartment unit project is approved for 624 apartment units on +/- 108.0693 acres and is located on Thunder Road. The specifics of the agreement axe as follows: • Developer -Crescent Resources, LLC, 400 S. Tryon St., Suite, 1300, Charlotte, NC 28202. • Payment of $1331 per multi-family apartment unit will be paid in full for all 312 multi-family units prior to the issuance of any building permit in 2008. • Payment of $1331 per multi-family apartment unit will be paid in full for all 312 multi-family units prior to the issuance of any building permit in 2009. • Proposed build out schedule is calendar year 2008, no more than 312 multi-family apartment unit building permits will be issued, Calendar year 2009, no more than 312 multi-family apartment unit building pemxits will be issued. The APFO worksheet filled out by Mx. Robert Kluttz with Cabarrus County Schools indicates that schools impacted by the Crescent Circle at Concord Mills Multi-Family Apartment project are currently functioning at the following capacities: Note: These percentages are based on the 10~ day enrollment figures for September 10, 2007. Cox Mill Elementary School - 75.44% Harris Road Middle School - 113.96% Northwest Cabarrus High School -124.74% Including previously approved subdivisions, these schools will be functioning at the following capacity upon completion of the Crescent Circle at Concord Mills Multi-Family Apartment project: Cox Mill Elementary School -114.26% Harris Road Middle School - 174.42% Northwest Cabarrus High School -181.38% In the 15 Year Facility Plan anew high school is proposed in 2009 in the western part of the county to relieve Northwest Cabazrus and Jay M. Robinson. Land has been purchased for the new high school. The complete construction of the new high school is to be funded in February 2008. A new middle school is proposed in 2009 in the south central part of the county that would relieve Harris Road. Land has been purchased fox the new middle school. Architectural and engineering work is to be funded in February 2008. Also, a new elementary school is proposed in 2009 in the noxthwestem part of the county to relieve Cox Mill and W. R. Odell. Land, architectural and engineering work is to be funded in February 2008. Cabarrus County Schools operating at 110% capacity axe considered to be operating at maximum capacity. The Subdivision Lot Inventory Spreadsheet has been updated through October of 2007. G-~~