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<br />Agenda Item # G-5'" <br /> <br /> <br />~ <br /> <br />, <br /> <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 10/17/05 <br /> <br />SUBJECT: <br />Advancement of School Adequacy by Portrait Homes for the CloverHoad Elementary . <br />School Site <br /> <br />BRIEF SUMMARY: <br /> <br />Portrait Homes is working with Cabarrus County Schools to provide a new elementary <br />school site on Clover Road. A request has been made for the County to credit any value <br />of the land and grading provided by the company that is greater than the purchase price <br />toward the school adequacy fees for the homes being built in the subdivision by Portrait <br />Homes. Information is being obtained to verify the fair value of the property and the <br />improvements to the property. <br /> <br />REQUESTED ACTION: (Sugg8$fed motion if the 808rrJ approVf1Sthe agenda item as presented) <br />Cabarrus County Schools and Portrait Homes request that the Board consider approval of <br />the concept outlined above and in the attached memorandum. This would permit the two <br />parties to continue site planning for the property. The Board of Commissioners will need to <br />approve a Consent Agreement at a later date to grant final approval. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: Jonathan Marshall, Commerce Director Date: 10/4/05 <br /> <br />Name / Job Title <br /> <br />Budget Amend~ent Required: 0 Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: D. Yes ~ ... No <br /> <br />County Manager's Recommendations/Comments: .. <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />