My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 2007 12 17
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
2007
>
AG 2007 12 17
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/1/2009 12:18:45 PM
Creation date
11/27/2017 11:32:15 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
12/17/2007
Board
Board of Commissioners
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
147
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
value increase occasioned by renovation and equipment installation of the New <br />Investment in the Facility at the Site. The County shall pay Grants to Grantees as <br />follows: <br />(a) For a period of three (3) consecutive years, the County shall make <br />a grant to Grahtees based upon the increased ad valorem tax value of the New Investment <br />in the Site; <br />(b) Grantees may elect the initial year in which the Grants identified in <br />Paragraphs 1(a) and (b) and shall commence and shall so notify th~;County in writing; <br />provided that the initial grant year shall commence no later thap twelve (12) months after <br />the qualifying equipment or construction has been released fl' an in-process stage to a <br />fully-operational stage. a, ~~a <br />The process of assessment of the tax value <br />of the grant amounts and the payment of the Grains are <br />Program, which provisions are part of this AgPent. <br />it has approved the application of the Program to tlis: <br />Grants and other terms of this Ageement. The Coun't~% <br />this Agreement constitutes the "fonn~~ggreement" regi <br />the terms of this Agreement and those <br />Program shall govern the application < <br />conflict between the Program and this <br />increase in the assessed value. of real F <br />Facility for local prop~Iy tax`1Xrpose <br />Investment at or <br />effect. Grantees <br />makes its annual <br />which must~b~~l` <br />the F.ai3ty. The <br />provided othe`i' <br />the satisfaction <br />in the atta <br />to the <br />the calculation <br />ascribed in the <br />,bounty hereb~~)xifirms that <br />y'~ud has authorized the <br />Grantees further confirm that <br />,under the Program and that <br />hid description of the <br />~,~ .: <br />~a~1~lty. In the event of a <br />;gent shall control. The net <br />opexty ~iid busirii;~s personal property in the <br />occas~~pned by the placement of the New <br />ermin"e~~the investment "level" for the Program in <br />to the EDC `d"the County Manager, at the time it <br />t~~ co~~of the property tax payment receipt, <br />I'ax~b~a~~'tor and the Cabarrus County Tax Assessor's <br />;nt") of the valuation of the New Investment located at <br />~~nt may be issued only after: <br />~s have completed the Assessor's questionnaire and <br />corroborating documentation identified in the Program to <br />(b) °~~rantees have timely provided any other documentation <br />reasonably requested by the Assessor relating to the existence, location, cost and <br />identification of the New Investment; and <br />(c) The Assessor has had the reasonable opportunity to review, <br />evaluate and verify a value for the New Investment. <br />The County agrees that the Grant payments to be made to Grantees during the <br />respective term will bemade within thirty (30) days after payment by Grantees of all <br />property taxes due to the County and the delivery of the Assessor's Statement. Payments <br />}~' <br />
The URL can be used to link to this page
Your browser does not support the video tag.