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THE INDEPENDENT TRIBUNE <br /> <br /> June 7, 2001 <br /> <br /> AMENDMENT TO <br /> ORGINAI, APPLICATION <br /> PUBLIC HEARING. <br />Cabarrus County v,,i//conduct a public heal~g to amend the origins/ <br />application by removing BOC, Inc, from the application. BOC, Inc. had <br />.agreed to locate at $30,000,000 facility beside Corning and employ 30 <br />persons with at least.60% being from Iow and moderate income families. <br />This public hearing will be held at 6:30 PM before the close-out hearing. <br /> <br />CLOSE OUT <br />PUBLIC HEARING <br /> <br />Cabarrus County will conduct a Public Hearing on Monday, June 18, <br />2001 at 6:30 PM in the Commissioners Chambers on the second floor <br />of the Governmental Center, 65 Church Street SE, Concord, NC. The <br />purpose of this hearing is to report to the public the results of the <br />CI)BG Economic Development granf (98-E-0483) the corning/BOC <br />· water project for the purpose Of closing out the project. <br /> Cabarrus County and the City of Concord paxtnered in the installation <br /> of 33,000 lineal feet of 16 inch water line pump stalion to provide a <br /> second source of water to the Corning site in Midland off Highway <br /> 601. Corning agreed to Construct a $600,000,000.00 fiber optic, man- <br /> ufacmring plant and hire 100 production workers with at least 60% of <br /> these workers to be from low and moderate income families. BOC, <br /> Inc. agreed to install a $30,000,000.00 industrial gas manufacturing <br /> and distribution plant beside Corlting and employ 30 persons with at <br /> least 60% being from low and moderate income families. Coming has <br /> constructed its fiber opic manufacturing plant spending more than <br /> first anticipated and hired more .than 400 workers with at least 60% <br /> being fi'om low,and moderate income families. BOC has not installed <br /> the plant they anticipated constructing. The grant awarded Cabar/'us <br /> County was $1,000,000.00 and the project was expecied to cost <br /> $3,000,000.00. The final costs were $685,408.14 grant funds, $657, <br /> 345.55 paid out by the City of Concord, and $1,398,878.87 paid by <br /> Cabarrus County for a project total of $2,741,632.56. <br /> All interested citizens are urged to attend. <br /> <br /> <br />