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Commerce Department <br />Community Development Division <br /> <br />Memorandum <br /> <br />To: <br /> <br />Cabarrus County Board of Commissioners <br /> <br />From: <br /> <br />Jonathan B. Marshall/Director, Cabarrus County Department of <br />Commerce <br /> <br />Date:- June 3, 2004 <br /> <br />Subject: <br /> <br />Cox Mill Road/Christenbury Parkway road project <br /> <br />Our staff has been working for several years on the construction of a new road that will <br />extend the existing Speedway Boulevard to the existing Cox Mill Road/Christenbury <br />Road intersection. This new road location will provide safer access to and from Cox Mill <br />Road Elementary school, eliminating the existing intersection of Christenbury Road and <br />Derita Road. The County is currently using Sheriff Department deputies at this <br />intersection during school hours. <br /> <br />Several parties have previously agreed to contribute funding to this project. These <br />include: <br /> <br />Cabarrus County <br />NCDOT <br />Rhein Interest/ <br />Highland Creek <br /> <br />$250,000 (previously budgeted to improve existing intersection) <br />$200,000 <br /> <br />$250,000 <br /> <br />Total $700,000 <br /> <br />The latest estimate for construction of the project is $826,000. <br /> <br />Attached is a letter from Christenbury Farms, Inc., stating their proposed commitment to <br />the project ($200,000). <br /> <br />This commitment is contingent on the Board of Commissioners agreeing to the two <br />conditions stated in their letter. These conditions essentially allow the amount of funding <br />that Christenbury Farms, Inc. provide to be credited toward the Adequate Facilities <br />funding required for the development of the Chhstenbury Farms Inc. property. <br /> <br />Cabarrus County * Commerce Department · 65 Church Street, SE · Post Office Box 707 · Concord, NC 28026-0707 <br /> <br />Phone: 704-920-2142 · Fax: 704-920-2144 ° www. cabarmscounty, us <br /> <br /> <br />