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63 <br /> <br /> The Board of Commissioners for the County of Cabarrus held a special <br /> meeting in the Multipurpose Room et the Governn~ntal Center in Concord, North <br /> Carolina on Tuesday, April 10, 2001, at 7:00 p.m. The recessed meeting <br /> scheduled on April 9, 2001, was cancelled on April 6, and the chairman called <br /> a special meeting to consider the following items= (1) Proposed Addendum to <br /> the Incentive Grant Agreement for Southeastern Packaging Com~any~ (2) Review <br /> of site work costs for three new schools; (1) Expo Center - U~date and <br /> construction review~ and (4) Review and discussion of the proposed Unified <br /> Development Ordinance. <br /> <br /> Present - Chairman: ~rne L. Fennel <br /> Vice Chairman~ Rober~ W. Cerruth <br /> <br /> Coy C. Privette <br /> Richard D. Sug~s <br /> <br /> Also present were Mr. Frank W. Clifton, Jr., County Manager~ Mr. John <br />Day, Deputy County Manager ~or Operations~ Mr. Jonathan Marshall, Planning <br /> <br /> Mr. Todd Ross of Southeastern Packaging Company reviewed the company's <br />request to amend its 1999 Incentive Grant Agreement to include the addition <br />of property located across the street from the original parcel. He e~cplained <br />the company had purchased the additional ~roperty and built a 160,000 square <br /> <br />concerning ~he company's e~cpane~on project: <br /> <br /> ~ansion Rationale=. Increase ability to be competitive in indust=-f <br /> Increase capacity and maintain highest quality <br /> Retain Jobs <br />IDI Gra~t Terms Approved in 1999= Co~u~ty-75% for 5 years on real property~ <br /> <br /> property. <br /> <br /> Employment: Apcroxi~ately 130 Emplo~ent: ~proximatel[ lg6 <br /> <br /> million <br /> Project Actual - Presented in 2001 <br /> <br /> (Additional Job Vacancies) <br /> Investment: $25 million <br /> (not net of disposals) <br /> Building $6,000,000 <br /> <br /> Computers $15,000 <br /> Dis~osals {at cost): $47000,000 <br /> <br />project. He stated the company at 'one time had been considering the <br />possibility of closing its facility in Cabarrus County and relocatin~ to a <br />new facility in Rowan Count~. <br /> <br />Grant for Southeastern Packaging, 'includi~g the company's failure to create <br />new job opportunities, the company's preservation of existing Jobs arid the <br />opportunity for the expansion of an existing business in Cabarrus County. <br /> <br />Southeastern Packaging Company, specifically amending E~ibit B to include <br />three parcels of land totaling 29.17~ acres [1-9-1~.3 {6.53 acres), 1-~-1~.1 <br /> <br /> <br />