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AG 1998 08 17
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AG 1998 08 17
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Last modified
4/4/2002 7:32:05 PM
Creation date
11/27/2017 11:52:11 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/17/1998
Board
Board of Commissioners
Meeting Type
Regular
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Recommendation 2: <br /> <br />Support an incentive grant to the proposed <br />Marriott as the catalyst for a meeting <br />complex that meets the needs of Cabarrus <br />County. <br /> <br />~:~-... - ,Recommendafion 2 ofthe.~0unsm Autho ~Boai~l~.~: ~ ~ ~:~.-~,~ · <br /> <br />The Cabarrus County Tourism Authority Board voted: <br /> <br />To Support the proposed Marriott with an incentive grant of 4% of the 5% <br />collected as their occupancy tax, granted back to them for a period of 5 years <br />for this particular project, with the additional 1% being used for the land and <br />construction of the public civic center. ShouM the increase to 5% not occur, it <br />is suggested that the Marriott be offered an incentive grant of 3% over 5 <br />years. <br /> <br />6 <br />?.-t <br /> <br /> <br />
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