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SU}~ARY OF PROPERTY AND REZONING REQUEST Dogwood Partners I is a North Carollna General Partnership made up entirely of local individuals who reside and work in Cabarrus It is intent to the real County. our develop property which consists of approximately 260 acres into an upscale, clean, and very attractive industrial park with a limited number of larger acreage tracts. It is our hope that the development will be a strong force in attracting new industry to our area. Plans for development would include very stringent restrictions regarding the use, upkeep, maintenance, required landscaping, and other aesthetic or beautification controls which would go far Beyond existing zoning or land use requirements. It is also our desire that the park only attract high-qualit~ and environmentally conscious industry which will be a good neighbor and enhance both our community and surrounding property. The purpose of requesting rezoning of the Dogwood Partners I property is to attain the highest and best use. It has adequate road frontage on Highway 73 for industrial development. It is located near the intersection of Interstate Highway 85. Also with the improvement of Highway 73, the subject property is easily accessible to Interstate 77 where a new intersection is presently under construction which will give the property availability quickly to another major interstate highway at Sam Furr Road. The most evident development in the neighborhood is industrial in nature. Located southeast of the subject property on International Drive is The International Business Park at Concord. Additional industrial development west of Interstate 85 includes Jones Group Equipment Center, Cardinal Freight Carriers, Alpha and Omega Transport, Wesco Signs, Inc., and Kwik-Way Catering, Inc. The subject property is adjacent to Jones Group Equipment Center which is owned by their subsidiary, REA Construction Company. Directly across ~ighway 73 is Cardinal Trucking Company. The newest development in the neighborhood is the Concord satellite campus of Rowan--Cabarrus Community College located on Trinity Church Road directly east of the subject property. The subject property is one of the last large tracts of unencumbered property in this area of the county. There are no gas pipes, or any major utility lines, other encumbrances that would prohibit the industrial development of this property. Utility services are available to the property in the form of water and sewer as well as telephone and natural gas. Dogwood Partners funded a major portion of the cost to provide the sewer services to the subject property which were also extended to the Rowan--Cabarrus County Community College as well as other surrounding properties.