Laserfiche WebLink
ICABAI~SUS COUNI~I <br /> <br />CAROLINA <br /> <br />MEMORANDUM <br /> <br />December Agenda <br /> Report Section <br /> <br />To: Board of Commissioners <br /> <br />Date: December 3, 1999 <br /> <br />Re: Expiration of Economic Development Incentive Agreements <br /> <br />Our records indicate the listed economic development agreements have expired because of the <br />grant recipient's lack of performance. As highlighted in each agreement, the grantee was <br />required to initiate construction within twelve (12) months of the original award. <br /> <br />The twelve month allowable start up time has expired for: <br /> <br />· Interstate Combined Ventures and Zamias Services, Inc., a proposed commercial project that <br /> was to be constructed on the west side of 1-85 on Concord Mills Parkway. <br /> <br />See: Paragraph 1 - Incentive Grants <br />(b) Approval of Application of Grants to the Facility <br /> Page 2 of the Agreement dated 11/30/98 <br /> <br />· Fourth Quarter Properties IV, Inc., a proposed commercial project that was to be constructed <br /> on the west side ofi-85 on Concord Mills Parkway. <br /> <br />See: Paragraph 2 - Incentive Grant <br />(b) Approval of Application of Grant to the Facility <br /> Page 2 of the Agreement dated 11/30/98 <br /> <br />· King's Grant Conference Hotel LLC, a proposed hotel/convention center project proposed to <br /> be constructed on City of Concord owned land next to Rocky River Golf Course. <br /> <br />See: Section 2 MOU <br /> Paragraph (c) Commencement Date <br /> Page 6 of the Agreement approved 11/16/98 <br /> <br /> Office of the County Manager <br /> <br />P. 0 ~3o× 707 · C,~ncord, NC 28026-0707 ,, (704) 788-8100 * Charlotte 375-0829 <br /> <br /> <br />