AG 2006 04 17 - Laserfiche WebLink

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"\,.'. . The grantee is required to. give detailed info.rmatio.n o.nassets to. be co.nsidered as part o.f the grant applicatio.n process, inclusive o.f anticipated depreciatio.n schedules, leasing arrangements with named parties ho.lding financial interest in assets co.vered by the grant program, all business o.r co.rpo.rate names that may be applicable fo.r purposes o.f asset o.wnership. Signed releases fro.m tho.se ho.lding financial interests in assets may be required as do.cumentatio.n fo.r grant awards. Ro.lling sto.ck inclusive o.f auto.mo.biles, trucks, tracto.rs, trailers o.r o.ther licensed vehicles shall no.t qualify as listed assets under personal property fo.r purpo.ses o.f calculating the pro.po.sed projects investment value. Co.unty co.ntributio.ns to. a specific project's infrastructure Co.sts shall be deducted fro.m the calculated INDUSTRIAL DEVELOPMENT GRANT PROGRAM award available fo.r that specific project. The grantee shall provide do.cumentatio.n in suppo.rt o.f the fact that the Co.unty's INDUSTRlAL DEVELOPMENT GRANT PROGRAM was an impo.rtant facto.r in its decisio.n to. lo.cate o.r expand facilities in Cabarrus Co.unty. IV. PROGRAM ADOPTION, AMMENDMENTAND EFFECTIVE DATES Earlier INDUSTRIAL DEVELOPMENT GRANT PROGRAM guidelines were ado.pted by the Cabarrus Co.untyBo.ard o.f Co.mmissio.ners in June 1996. Subsequent mo.dificatio.ns inclusive o.f dates o.f actio.n by the Co.unty shall be routinely detailed and no.ted hereto.. Applicability o.fa specific project to. these program gflidelines shall be co.nsistent with latest date o.f appropriate actio.n by the Bo.ard o.f Co.unty Co.mmissio.ners and the date o.f applicatio.n fo.r the program. A pre-application meeting with the County Commission and elected officials of any local municipality impacted by a proposed project shall be held to validate project specifics and assure that current grant program criteria are applicable. Cabarrus Economic Development, Inc. shall provide a fiscal analysis of the project's impact upon the community inclusive of a recommendation from its Board of Director's as to whether the project proposal should be considered for the award of an incentive grant as detailed within policy guidelil!es. Only specific actio.n by thq Cabarrus Co.unty Co.mmissio.n shall be deemed acceptance o.f terms in . a fo.rmal co.ntractual grant ~greement and by award o.f an INDUSTRIAL DEVELOPMENT GRANT thereto.. Applicants fo.r the INDUSTRIAL DEVELOPMENT GRANT PROGRAM shall use these guidelines in applying fo.r a grant fo.r new industrial develo.pment projects lo.cating o.r existing industrial expansio.ns o.ccurring in C.barrus Co.unty (and applicable cities/to.wns). These guidelines shall be an attachment to. each fo.mlal grant award co.ntract approved by the Co.unty. Other specific attachments to. the fo.rmal agreement shall include but no.t be limited to.: - 6- .G-- 2