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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 5/15/06 <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Industrial Development Incentive Grant for PreGel USNLares Real Estate USA - Request <br />to Schedule a Public Hearing on August 21, 2006 <br /> <br />BRIEF SUMMARY: <br /> <br />PerGel USNLares Real Estate USA is considering locating a Gelato Manufacturing <br />business at the International Business Park in Concord and has requested an incentive <br />grant. The company proposes a new facility of 100,000 square feet with a total investment <br />estimated at $8.5 million ($7.6 million real estate and $900,000 equipment). The EDC <br />Board has recommended a 3-year incentive grant equivalent to 85% of the ad valorem <br />taxes on the investment. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Set a public hearing for 6:30 p.m. on Monday, August 21, 2006, to consider the incentive <br />grant for PreGel USNLares Real Estate USA. <br /> <br />Attachments ~ Yes D No Expected Length of Presentation 10 minutes <br />Submitted By: Ryan McDaniels, Cabarrus EDC Date: 7/31/06 <br /> <br />Budget Amendment Required: D Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: DYes D No <br />County Manager's Recommendations/Comments: <br /> <br />Manager's Signature <br /> <br /> <br />Approved <br />Denied <br /> <br />Action Taken: <br />[ ] <br />[ ] <br /> <br />Deferred [] <br />Other [ ] <br />