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Meeting Date 5/17/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> Agenda Item # ~-~ <br /> <br />SUBJECT: <br />Industrial Incentive Grant for Bonitiz Contracting. <br /> <br />BRIEF SUMMARY: <br />Bonitz Contracting, a South Carolina based wall and floor contracting company is <br />negotiation for a site in the International Business Park in Concord. <br />The company plans to construct a 48,000 sq fl building. This facility will employ 175 <br />persons with an average wage of $16.181hr (includes salaried employees). The estimated <br />investment of the project is $3,000,000 of real estate with equipment valued at $300,000. <br /> <br />REQUESTED ACTION: (Su;;e~ed motion ff the Board approves the agenda item as presented) <br /> <br />Consider endorsing the grant and schedule a public hearing on it for Monday, May 31 at <br />5:00 PM, or as soon thereafter as people may be heard. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: Ryan McDaniels, Cabarrus EDC Date: 5/10104 <br /> <br />Budget AmendmentRequired: [] 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 of the grant pending a public headng on May 31 is recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />