AG 1996 08 19 - Laserfiche WebLink

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143 closing of Tract 1, including purchase of the drive-in movie tract, payment of the $500,000.00 for recreational purposes and completion of the golf course. During discussion of the Offer to Purchase and Contract, the following changes were requested. Ms. Johnson asked that the reference to the ~proposed Aycock School site" be deleted and referred to as the "proposed school site~ to avoid any future problems with the State. It was noted that the school system is not a party to the contract and therefore would not be bound to the terms of the contract. Vice-Chairman Fennel asked that the word 'estimated* be added to Article 2 to state that '...the purchase price will be $10,000.00 an acre for an estimated total purchase price of $2,000,000.00." Commissioner Casper asked that the word ~required'be added to Article 3(f) to state that '...reasonable and necessary access to Lake Concord for purposes of the required maintenance and repair thereof, and for the use by the Seller as a water supply.' In regards to the school-park site, Mr. Efird asked that the Schools not be tied to the 20-acre site shown on the original Master Plan for Lake Concord. He stated the flexibility to place the school elsewhere on the property, including the 30-acre drive-in movie tract, would permit the Schools to construct the facility on the most economically feasible site. Mr. Phil Meacham stated in his opinion that the Kannapolis City Council should have a voice in how the school is placed on the property since the City will be contributing funds for the park development. Mr. Clifton proposed that the County negotiate with the Kannapolis City Schools architect to design the park along with the school. Therefore, he stated the approval of the school-park concept would be a Joint process by all parties involved. The Kannapolis City Council voted unanimously to endorse the 'Offer to Purchase and Contract' as submitted by Lake Concord Ventures, L.L.C. for th~ Lake Concord property. The Kannapolis City Board of Education voted unanimously to support the proposed 'Offer to Purchase and Contract" as submitted by Lake Concord Ventures, L.L.C. UPON MOTION of Vice-Chairman Fennel, seconded by Commissioner Mills with Vice-Chairman Fennel and Commissioners Mills, Casper and Nlblock voting for, the Board voted to approve the "Offer to Purchase and Contract" as amended for the purchase of the Lake Concord property of approximately 200 acres by Lake Concord Ventures, L.L.C. at a cost of $10,000.00 per acre or approximately $2,000,000.00, subject to notice of upset bid. The =Offer to Purchase and Contract' is on file in the Office of the County Manager and hereby included by reference as a part of the minutes. Vice-Chairman Fennel distributed a written summary outlining a 'win-win' situation for all parties involved, including Cabarrus County, the City of Kannapolis, the Kannapolts City Schools and Lake Concord Ventures, L.L.C. Members of the Kannapolis City Council expressed appreciation for the way in which the Board had handled the Lake Concord issue by involving both the Kannapolis City Council and the Kannapolis City Board of Education. The meetings of the Kannapolis City Council and the Kannapolls City Board of Education were adjourned. Mr. Hartsell discussed the need for six access points for the contractor to complete the secondary clearing of the Coddle Creek Reservoir and surrounding area. The Board by consensus agreed that the County will be responsible for any dmm~ge which may occur on an individual's property due to the access and clearing by the County's contractor, There being no further business to come before the Board, Vice-Chairman Fennel adjourned the meeting at 8:40 A.M. Clerk to the Board