AG 2003 06 30 - Laserfiche WebLink

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Proposal to Cabarrus County, NC We propose that the county retain Cornerstone to market and broker both the fairground property and the current County School Administrative Complex. Proper land development, marketing and sale would save significant ongoing opportunity costs by bringing the parcels on to the tax roll. In addition, development would increase the vitality of the neighboring areas. We understand that goals of the county are to: · Sell each parcel of property for the highest price possible. · Create the highest tax base possible from the development · Enhance the community through attractive and quality development. Cornerstone - An integrated Real Estate Company, although newly organized, represents two people who have strong ties to the community in the North Mecklenburg/Cabarrus area. The company brings strong expertise in land use planning, real estate development, banking, and marketing. Cornerstone stands in a unique position among real estate marketing firms. Our approach combines personal knowledge and good standing among many of the nation's retailers with the aggressive pursuit of financing options for other potential tenants. We also propose that the county mandate Cornerstone complete a master land development plan in coordination with the sale of the former Fairgrounds property. This development plan would help insure the highest price for the more marketable frontage parcels, while preserving all integration possibilities for the entire property. The fee proposal for the marketing and sale is very competitive, and integrates the successful sale of a piece of property with the cost of the development plan. Once the sale takes place, the fee paid to date for the development plan would be deducted from payable commission. Cornerstone offers integrated real estate services at a very competitive fee. -Our company and approach point to the highest value proposition to the county.