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REVISION TO THE AGENDA <br /> <br />· Where school facilities will not be adequate based on existing and <br /> projected enrollment, new development will be expected to address <br /> this inadequacy based on the cost incurred by Cabarrus County for <br /> school capital facilities. The Board of Commissioners may consider <br /> direct or indirect contributions to the adequacy of schools in the form of <br /> cash contributions, dedication of land in a suitable area based on the <br /> Cabarrus County Schools 15 Year Plan, or infrastructure <br /> improvements that will directly benefit school sites. A combination of <br /> these methods may also be considered. In no case shall the value of <br /> the contribution be less than 12.5% of the incurred capital cost of <br /> $8067 which is $1008. <br />· New development within the corporate limits of any of the cities located <br /> in Cabarrus County should also be subject to the adequacy review. <br /> The Board of Commissioners requests that each of the cities require <br /> new development to enter into a consent agreement with Cabarrus <br /> County to address school adequacy as part of the municipality's <br /> approval of that development. That consent agreement shall be subject <br /> to the same restrictions as listed above for development in the <br /> unincorporated area. <br /> <br />Adopted this the 25~h day of August, 2003 <br /> <br /> Cabarrus County Board of Commissioners <br /> <br />ATTEST: <br /> <br />R"Cr~,._.~_ree'ma n, Chairm~- <br /> <br />Frankie F. Bonds, Clerk to the Board <br /> <br /> <br />