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Meeting Date 1/26/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Industrial Incentive Grants - Public Hearing - 6:30 p.m. <br />a. National Tour, Inc. c. Prairie Packaging, Inc. <br />b. Perdue Farms, Inc. d. Stanley Logistics, Inc. <br /> <br />BRIEF SUMMARY: <br />Pursuant to the Industrial Development Grant Program adopted 6/99 and amended 12/03, <br />the four companies propose to locate new facilities or expand existing facilities in Cabarrus <br />County. (a) National Tour - New headquarters, Est. investment - $5 Million (real property), <br />$1 million (personal property); (b) Perdue Farms - Expand existing facility- Est. investment <br />$3.55 Million (real), $10.65 Million (personal); (c) Prairie Packaging - New facility, Est. <br />investment - $7 million (real), $18 million (personal); (d) Stanley Logistics - Expand existing <br />facility- Est. investment- $10 million (Real), $2.8 Million (personal property). <br /> <br />REQUESTED ACTION: (Suggested motion ff the Board approves the agenda item as presented) <br /> <br />Conduct public hearing to consider an incentive grant for each of the companies; Approve <br />the incentive grant for each company, consistent with the Cabarrus County Industrial <br />Development Grant Program and subject to the negotiation and execution of a definitive <br />agreement between Cabarrus County and each of the companies. <br /> <br />Attachments [] Yes [-I No Expected Length of Presentation <br /> <br />Submitted By: Maurice Ewing, Cabarrus Econ. Development Date: 1/13/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes <br /> <br />[] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />