AG 1998 12 07 - Laserfiche WebLink

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85 DRAFT and intimidation" and should not be given at taxpayers' expense. She stated in her opinion Fieldcrest Cannon did not need an incentive grant. There was no one else who wished to address the Board, and Chairman Casper closed the public hearing. There was discussion by the Board in support of Fieldcrest Cannon and the proposed incentive grant. Mr. Hartsell clarified that the Board was considering the revised Incentive Grant Agreement distributed earlier in the meeting. The revised Agreement included projects in the cities of Concord and Kannapolis and also included the attachment of Mr. Bill Kouri's Memorandum concerning the calculation of incentive grants. UPON MOTION of Commissioner Niblock, seconded by Commissioner Barnhart and unanimously carried, the Board approved the Industrial Incentive Grant Agreement among Cabarrus County, City of Kannapolis, City of Concord and Fieldcrest Cannon, Inc. for proposed projects totaling $80 million for Plants 1 and 4 in Kannapolis and $20 million for Plant 6 in Concord with the attachment of the Mr. Bill Kouri's Memorandum concerning the method of calculating incentive grants. The Agreement, which is pursuant to the Cabarrus County Industrial Incentive Grant Program, and attached Exhibits are on file in the Office of the County Manager and hereby included by reference as a part of the minutes. Consideration of a Request for a Commercial/Retail Incentive Grant for Interstate Combined Ventures and Zamias Services. Inc. - Public Kearina 6:30 P.M. Mr. Bill Burk, President of Landex, Inc., reviewed the history of the development of King's Grant. He discussed plans by Interstate Combined Ventures and Zamias Services, Inc. to develop a commercial retail shopping center and requested approval of the incentive agreement for this project. Mr. Clifton stated the agreement, if considered for approval, should include modifications as listed on a Memorandum dated November 2, 1998. He reported the Concord City Council approved the Agreement last week. At 7:30 p.m., Chairman Casper opened the public hearing concerning the proposed commercial/retail incentive ~rant for the Interstate Combined Venture/Zamias Services, Inc. project. The Notice of the Public Hearing was published in THE INDEPENDENT TRIBUNE on November 4, 1998 and in THE CHARLOTTE OBSERVER (Cabarrus Neighbors) on November 5, 1998. Ms. Marilyn Barnhart stated her opposition to all incentives for new businesses. There was no one else who wished to speak re~arding the issue, and Chairman Casper closed the public hearing at 7:32 p.m. Citing concerns about the commercial/retail incentive grant program, Commissioner Earnhart made a motion to defer action on the proposed incentive grant agreement in order to have time to study the issue. The motion was seconded by Commissioner Carpenter and unanimously approved. Consideration of a Reouest for a Commercial/Retail Incentive Grant for Fourth Ouarter Properties IV. Inc. for the Develoument of ~The Pavilion at KinaR Grant" - Public Hearino - 6=30 ~,~, Mr. Leonard Sossamon of Hunter & Brown reviewed the request by Fourth Quarter Properties IV, Inc., for a commercial/retail incentive grant to develop a commercial retail shopping center complex on property across the street from the new Concord Mills Mall. He pointed out that the grant incentive would be based on retail sales, not property taxes. Mr. Mel Kuhnel of Fourth Quarter Properties of Atlanta reviewed plans for the proposed development. Ke stated that construction is scheduled to start in 1999 and that the shopping center complex would consist of approximately 470,000 square feet. Mr. Clifton reported the City of Concord approved the Agreement last week. If the Board approves the agreement, he suggested that the following wording be added to the end of Paragraph 2(d): ~The grant period shall be five years in length but shall not extend beyond seven years from the date of award by the City/County without specific approval by both."