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<br />(17.504 acres) and 1-9-19 (3.139 acres)] that had been acquired for the
<br />expansion project and described in the corresponding North Carolina General
<br />Warranty Deeds. Further, the Board authorized the Chairman to execute the
<br />Addendum to the Incentive Grant Agreement on behalf of Cabarrus County.
<br />
<br />Heview of Bite Work Costa for Three (3) New Schools
<br />
<br /> Mr. Clifton repot=ed that site work at the three new n~hool sites is
<br />expected to exceed original estimates by approximately $900,000.00. Some of
<br />these costs are as follows: (1) Entry road work on Rocky River Road required
<br />by North Carolina Departmen= of ~anapor=ation (NCDOT) for Ho=ky River Middle
<br />School {$250,000.00 - esttmated)~ (2) Harris Road Middle School utility line
<br />extensions to the site required by the City of Concord ($343,000.00)~ (3) Cox
<br />Mill Elementary School utility line *xtensions required by the City of
<br />Concord ($439,000.00 - $200,000.00 budgeted); (4) Standpipe systems required
<br />in all three schools by City of Concord Fire Marshal (SS0,000.00); and (3}
<br />Derita Road/Christenbury Road intersection improvs~nts required by NCDOT
<br />($250,000.00 estimated). He requested authorization to use interest earnings
<br />from the $40 ~llion Certificates of Participation (C.O.P.3.) financing to
<br />fund the site improvement overruns at the three school sites. In all past
<br />financing issues, these interest sarnings were dedicated for debt service
<br />payments. Also, e~forts will continue to secure a reduction in utility line
<br />
<br /> U~ON MOTION of Co~issioner Privet=e, seconded by =hair, nan Fennel and
<br />u~ani~usly carried, the Board authorized the use of excess interest earnings
<br />from the C.O.P.S. financing =o fund site improvement overruns at the three
<br />school sites ~up to# $1 million.
<br />
<br />Expo Center - Update and Construction Review
<br />
<br /> Mr. Tim Demmitt of Over=ash Demmitt Architects presented an update on
<br />the F~o Center project. He reviewed ~he following issues associated with
<br />the project: (1) Reduction in the size of the lake and lowering of tbs level
<br />of the dam~ (2) Design of a ~tntenance area, including ouudoor storage and a
<br />storage building, aa part of the project~ (3) Plans for the events center
<br />have a concrete floor covered wi=h dirt and a portable flooring placed over
<br />the dir~. The total project cos~ (including site work, events center, exhibit
<br />building, midway, support and miscellaneous, fees and contingency) is now
<br />estimated a~ $16,619,036.00, including a contingenc~ of $1 million.
<br />
<br /> Mr. Clifton discussed financing options and design elements of the Expo
<br />CanCer. He stated ~b~t interviews with applicants for the Facility Manager
<br />position would be held later this month. Also, the architects will work with
<br />County staff in preparing an ~chibit for the 20~I Fair.
<br />
<br />Review and Disaussion of the Proposed ~tnified Dsvelopmen~ Ordinance
<br />
<br /> Mr. Marshall updated the Board on the status of the Unified Development
<br />ordinance (UDO). A~I the cities and to~a~s in ~he county, with the exception
<br />of the ToYs1 of Midland, have nc,~ adopted and implemented the L~00. Also,
<br />Marshall addressed the /~9ricultural '(AG) zoning issue that was raised at the
<br />March 26~ meeting and pointed out the proposed ~ arsaa on the map. He
<br />explained ~he UDO would not affect AG property consisting of 10 acres or
<br />less, as the same nu~er of unite (one ~Lnlt per acre) would b= permitted
<br />under either ordinance. However, for those parcels having over 10 acres, the
<br />UDO will per~t one unit per acre for the first 10 acres and one unit per
<br />four acres for the remaining property. Stating that most of the AG property
<br />has very low suitability of soil for septic tanks, Mr. Marshall said in his
<br />opinion =hers would not be any reduction in property values. Further, he
<br />reported that Mr. John. Patterson, county Tax Appraiser, had reviewed the AG
<br />zoning/property value, issue and stated in his opinio~ there would be no
<br />impact on the AG property valves, as property values used for tax purposes
<br />are based on large parcels of land.
<br />
<br /> Mr. Lentz discussed the housing affordability issue, including the type
<br />of new housing stock being crsatsd~ the existing housing stock and the
<br />maintenance of existing housing stock. He stated that 4,700 building perm/ts
<br />were issued between 1990-1399 for houses at $75,000.00 or less. He also
<br />reviewed permit data for 1397-2000 for single family, multi-family, mobile
<br />homes, etc. Using the median household income of $41,781.00 as sstablished by
<br />the 1997 United States Census Bureau, Mr. Lentz gave ~he following examples
<br />o~ affordable housing at different levsls of income: Median household income
<br /> $125,000.00 house~ 80 percent of median household income - $100,000.00
<br />house~ ~0 percent of median household income - $63,000 house. He advised
<br />there are currently 4,200 houses in Cabarrus County having a tax value of
<br />
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