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Via U.S. Mail <br /> <br />April 20, 1999 <br /> <br />Mr. Frank Clifton <br />County Manager <br />Cabarrus CounD' <br />Governmental Center <br />P.O. Box 707 <br />Concord, NC 28026 <br /> <br />Dear Frank: <br /> <br />Pursuant to the Commercial/Retail Incentive Grant Agreement between Concord Mills Limited <br />Partnership, Cabarms County and the City of Concord, thc Partnership is entitled to 75 percent of <br />the Count' and City's share of Concord Mills generated sales tax proceeds. You have requested <br />that the partnership identify, when the 59 month clock should start and notify you of same. <br />Pursuant to thc guidelines of the Agrccment, thc partnership has concluded that an appropriate <br />commencemcnt date is April 1, 2001, the first day of the year's second quarter. Thc partnership <br />would receive its first incentive payment approximately thirty to forty-five days after June 30, <br />1999 Should you have any questions, feel free to give me a call. Thank you <br /> <br />Sincerely <br /> <br />Development Director <br /> <br />Enclosure <br /> <br />cc. J. Dausch <br /> E. Vinson <br /> R. Soporowski <br /> File LI6 <br /> Chron <br /> <br />(iEN[qkAI ION <br />(IF [(E IAILING <br /> <br /> <br />