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I <br /> <br /> FACT SI4EET <br /> <br /> ROAD UNDER CONSIDERATION: Artdale Drive (S.R. ]563) <br /> <br /> LOCATION: Shenadoah Subdivision located in township 2 off of Pitts School Road <br /> <br /> 1. The petition waA formally validated on May 1984 <br /> <br /> (a) The number of property owners affected 21 <br /> (b) The number of property owners participating 16 or 76% <br /> <br /> 2.- Footage to be paved 5,140 total of both sides of the road, or <br /> <br /> 2,570 linear feet (State Measure). <br /> <br /> (a) Footage represented by owner participation 3,970 ft. or 77 %. <br /> (b) Footage insigned for and to be assessed 1,170 ft. <br /> <br /> 3. lotal amount of funds to be advanced to the State for project $10,280 <br /> (a) Amount to be collected from property owners S · 7,940 <br /> (b) Amount to be contributed by Cabarrus County S 2,340 <br /> <br /> (To be repaid to the County by tax assessment <br /> to those non-participating property owners over <br /> a five (5) year period at 8% per annum.) <br /> <br /> 4. The first public hearing was set by the Board of Commissioners to be held on <br /> May 20, 1985 at 7:30 ?.M. . At that time the Board will review <br /> the facts relating to this road paving re'quest and determine if the County will <br /> participate financially. <br /> <br /> If approved by the goard, then a second public hearing will need to be scheduled <br /> not more than thirty (30) days on the prelimina)~ assessment scroll and map. <br /> <br /> VALIDATED AND COMPILED <br /> <br /> <br />