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April 23, 1999 <br /> <br />May 17~ Agenda <br /> <br />MEMORANDUM <br /> <br />TO: Board of Commissioners <br /> <br />RE: Implementation Date - Mills Corporation Incentive Grant <br /> <br />Attached is a request from the Mills Corporation to begin its grant incentive award period for the <br />fiscal quarter beginning April 1, 2001. The implications of this request based upon anticipated <br />sales forecast are included with this submittal. Section 2(c) related to the Commencement Date <br />of the grant agreement is also attached. <br /> <br />Fletcher Hartsell has advised that the request is within the scope of the agreement. <br /> <br />It is recommended that the Board take action to approve the request. <br /> <br />Revenue projections are for the Mills project. It is expected that other County retailers <br />(i.e., Carolina Mall) may see some negative initial impacts from the Mills opening. <br />Revenues anticipated locally may be slightly impacted. <br /> <br />The proposed FY 00 Budget as drafted includes the anticipated revenue streams as <br />outlined. <br /> <br />Respectfully, <br /> <br />Jr. <br /> <br />FWC/sb <br />Attachments <br />cc: Brian Hiatt, City of Concord <br /> David Hales, City of Kannapolis <br /> Mayor Carl Parmer, Harrisburg <br /> Mayor Scott Barringer, Mt. Pleasant <br /> Fletcher L. Hartsell, Jr. <br /> Ramsey Meiser, Mills Corporation <br /> <br /> Office of the County Manager <br /> <br />- :- , '' · },r:t~r/J :',C 28026-37} ~ · ~7)a'87. ~r' · Cha C,t.C. 704:, 375-.'~29 <br /> <br /> <br />