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Meeting Date 5/17/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Industrial Incentive Grant for Oiles Amedca. <br /> <br />BRIEF SUMMARY: <br />Oiles Amedce, a Michigan based manufacturer, is considering expanding its existing <br />facility in the International Business Park in Concord. The company plans to add 32,120 <br />sq ff to the building there. The new addition will house 20 new employees, bdnging the <br />Concord facility's employment to 100. The estimated investment of the project is <br />$2,750,000 of real estate with equipment valued at $3,150,000. Oiles Amedca is also <br />considering Michigan for this expansion. <br /> <br />REQUESTED ACTION: (Suggested motion if ~he 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 l-~ Yes [] No Expected Length of Presentation $ minutes <br /> <br />Submitted By: Ryan McDaniels, Cabarrus EDC Date: 5/10/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval of the grant pending a public hearing on May 31 is recommended. Oiles America <br />is an excellent corporate citizen that we are proud to have in our community. <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] O/her [] <br /> <br />Manager's Signature ~/.~~ <br /> <br /> <br />