AG 1998 12 07 - Laserfiche WebLink

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DRAFT A~ 7:43 p.m., Chairman Casper opened ~he public hearin~ concerning ~he proposed Agreement~ The Notice of Public Hearing was published in THE INDEPENDENT TRIBUNE on November 4. 1998, ahd in THE CHARLOTTE OBSERVER (Cabarrus Neighbors) on November 5, 1998. Ms. Marilyn Barnhardt stated opposition to incentive packages to businesses. She complained ~ha~ ~he incentives allow businesses not to pay ~heir full property ~ax. There was no one else ~o address ~he Board, and Chairman Casper closed ~he public hearing a~ 7:45 p.m. U~ON MOTION of Commissioner Barnhart, seconded by Commissioner Carpenter and unanimously carried, the Board deferred action on ~he commercial/re~ail incentive gran~ for Fourth Quarter Properties IV, Inc. (Agenda I~em E-2). Consideration of a Reo~est for a Commercial/Rstail/Tourism Development Incen~ive ~rant for the De=eloDmen= of the ~Con~ord Marriott" Pro4ect - Public Hearing - 6:30 P.M. Mr. Clifton reported the "Marriott" name had been deleted from the proposed commercial/retail/tourism development incentive gran~ agreement. He distributed copies of a revised incentive agreement showing corrections of ~erminology and including the name of the new holding company, King's Gran~ Conference Ho~el, LLC, as ~he developer of a commercial hotel and conference center project. Mr. Bill Burk, President of Landex, stated that Burroughs and Chapin and In~ers=a~e Combined Venture had created a limited liability corporation for ~he development of the commercial hotel and conference cen~er project. He explained ~hat Marrio=t has not yet signed onto the project but is the most likely and best-qualified hotel operator for the conference center. Mr. Clifton advised ~hat ~he Tourism Authorit~ is continuin~ negotiations for the purchase of property for an exhibition hall. He pointed out the Incentive Agreement would not bind the Tourism Authority to buy the land or to build on i~ after purchase. UPON MOTION of Commissioner Carpenter, seconded by Commissioner Niblock and unanimously carried, the Board approved the Incentive Gran~ Agreement for ~he King's Gran~ Conference Cen~er Hotel~ LLC, pursuant to the Ho~el/Conference Cen~er Development Addendum ~o the Cabarrus County Commercial/Retail Development Incentive Grant Program. Partie~ to the Agreement were Cabarrus County, the City of Concord, ~he Cabarrus County Tourism Authori=y and King's Grant Conference Hotel, LLC. The Agreement and 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 an Industrial Incentive ~r&nt fo~ The BOC Mr. Maurice Ewing, President of the Cabarrus Economic Development Corporation, introduced Mr. Pete Garrow, Director of Real Estate for British Oxygen Corporation (BOC) . The BOC Group plans to develop a project in the Midland area on property adjacent to the new Corning facility. The City of Concord approved the water line portion of the project at its last meeting. Mr, Pete Garrow of BOC Gases presented information about ~he company, stating BOC is a world leader in the manufacture and supply of industrial gases and gas handling technologies. He stated th~ Midland facility would produce non-hazardous gases such as nitrogen, oxygen and argon and would supply products to Corning Glass as well as other industries in the area. According to Mr. Garrow, the proposed projec~ represents a $31 million investment by BOC in Cabarrus County and would create 30 full*time jobs at an annual salary of approximately $35,000.000. At 8:08 p.m. Chairman Casper opened the public hearing on the proposed industrial in6entive grant for The BOC Group and asked if anyone wished to address the Board. The No~ice of Public Hearing was published in THE ~NDEPENDENT TRIBUN~ o~1 Novumber 4 a~ld i~l T}[E C[{ARLO~E OBSERVER (Cabarrus Neighbors) on November 5, 1998. Ms. Marilyn Barnhardt opposed =he industrial incentive grant, stating incentives were not needed to at~ract businesses to Cabarrus County.