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[CABARRUSCOU I <br /> NH[~ CAROUMA <br /> <br />PUBLIC HEARING NOTICE <br /> CABARRUS COUNTY <br /> <br />Cabarrus County will conduct the second public hearing on the Stanley Works <br />Community Development Block Grant - Economic Development Application at 7:00 PM <br />on Monday, November 6, 1995 in the Commissioner's Chambers on the second floor <br />of the Cabarrus County Governmental Building, 65 Church Street South, Concord, <br />N.C. The purpose of the hearing is to explain the CDBG project to assist <br />Stanley Works locate a 625,000 square foot distribution facility near the <br />intersection of 1-85 and Hwy 73 just behind the Rowan/Cabarrus Community <br />College campus. Stanley will relocate 350 existing jobs and h~e an additional <br />125 jobs at this new site. <br /> <br />The proposed funding package is: <br /> <br />Stanley Works (Construction of facility) ............. $14,400,000 <br /> <br />- CDBG Grant (water, sewer, grading, road improvements)- <br />- NC Dept. of Transportation (road improvements) ....... <br />- Community College (employee training) ................ <br /> Employment Security Commission (job applicant screening) <br /> Cabarrus County ...................................... <br />- City of Kannapolis ................................... <br /> Total <br /> <br />600,000 <br />273,000 <br />150,000 <br />30,000 <br />847,500 <br />185,000 <br /> <br />$16,485,500 <br /> <br />CDBG % of Total .............. 3.6% <br /> <br />All interested citizens are urged to attend. <br /> <br /> Office of the County E;anager <br />Box 707 · Concord, NC 28026-0707 · (TG,~) 788-ai00 · Charlotte 375.0529 <br /> <br /> <br />