AG 2004 07 26 - Laserfiche WebLink

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May 31, 2004 DRAFT Page ¢78 Motorsports. T~e Notice of the Public Hearing was published in THE INDEPENDENT TRIBb'~E on May 20, 2004. There was no one present to address the Board, and Chairman Freeman closed the public hearing. UPON MOTION of Commissioner Carruth, seconded by Commissioner Carpenter and unanimously carried, the Board approved the incentive grant subject the negotiation and execution of a definitive agreement between Cabarrus County and Hendrick Motorsports as outlined in the Industrial Development Oran= Program, with authorization granted to the County Manager and County Attorney to conclude the negotiations. Oiles America - ~ubli= Pursuant to the Industrial Development Grant Program guidelines effective Januar~ 1, 2004, Oiles America (a Michigan based manufacturer) has requested an incentive grant to assist in its expansion. The company is considering s 32,120 square foot addition to its existing facility in =he International Business Park in Concord. The new addition will house 20 new employees, bringing the Concord facility's employment to 100. The estimated investment of the project is $2,750,000.00 of real estate with equipment valued at $3,150,000.00. At 5:12 p.m., Chairman Freeman opened the public hearing and asked if anyone wished tO address the Board regarding the proposed grant for Olles America. The Notice of the Public Hearing wes published in THE INDEPENDENT TRIBUNE on May 20, 2004. There was no one present to address the Board, and Chairman Freeman closed the public hearing. UPON MOTZO~ of Commissioner Privet=e, seconded by Commissioner Carruth and unanimously carried, the Board approved the incentive grant subject to the negotiation and execution of a definitive agreement between Cabarrus County and Oilel America as outlined in the Industrial Developmen~ Oran= Program, with authorization granted to the County Manager and County Attorney to conclude the negotiations. Branson Jones, on behalf of the Chairman of the Board for Oiles America, thanked the Board for considering the incentive grant to expand the company's operation in Cabarrus County. As the former Executive Vice- President of Cabarrus Economic Development, Mr. Jones expressed concern regarding the or~nization and stated his willingness to assist in any way. Change in Re~ula~ Meetin~ Date Due to scheduling conflicts, all Board members cannot be present on either June 21 (original meeting date) or June 2S (revised meetang date) for the regular meeting of the Board. Ail Board members have indicated they can be present for a meeting on June iS. ~IPON MOTION Of Commissioner Privette, seconded by Commissioner Carpenter and u~animously carried, the Board by resolution amended the regular meeting schedule and set the date of the regular meeting xn June on June 15, 2004, at 6:30 p.m. Presentation of ~a Proposed FY 2005 C~barrus County Budge~ Mr. Day read into the record the following Budget ~essage for the recommended FY 2005 Cabarrus County Budget: Honorable Chaiz~mnandBolrd The annual budget larval al * pllnningdocuman~ Ind a ependingplan, l~ describes Chi levels of service provided by the various county pro~rams and chair costs xncludes · c~i=al improvement plan, which is a schedule for fu=ure capiCal proJecca and a me=hod for funding ~hem. The hudge~ ales includes a S-year financial pla~, which projects county spending, over =ha= period, wx=hin =he fiscal cone=twa=scs of existing revenue sources, Including =he currenC $~ cents property =ax r&~e. The proposed ~abarrue County bud~e~ £or £iecnl year 2005 =scale $135,$08,14B. representing & decrease of ae~a-~hird of one percent over =he curren= year's budge=. X= meets the Board's goal, established lae~ year, of maxnCaxning =he The general fu~d, co=sling $131,576,201, decreases by a li~le wore =hen one-half