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FACT SHEET ROAD UNDER CONSIDERATION: SR# 1856; Hardwood Lane This unpaved road is located in township four (4) in the Spring Valley Mobile Home Subdivision off Barr Road. 1. The petition was formally validated on May 11, 1981. (a) The number of property owners affected 27 (b) The number of property owners participating 23 or 85.1% Footage to be paved 4,360 ft. total of both sides or the road or 2,180 linear feet.(State Measure) (a) Footage represented by owner participation 3,640.30 ft.or 83.4 (b) Footage unsigned for and to be assessed 719.70 ft. 3, Total amount of funds to be advanced to the state for project $8,720.00 (a) Amount to be collected from property owners $7,280.60 (b) Amount to be contributed by Cabarrus County $1,439.40 (To be repaid to the County by tax assess- ment to those non-participating property owners over a five (5) year period at 12% per annum) 4. The first public hearing was set by the Board of Commissioners to be held on June 15, 1981 at 7:30 P,M. At that time the Board will review the facts relating to this road paving request and determine if the County will participate financially. If approved by the Board, then a second public hearing will be need to be scheduled in thirty (30) days on the preliminary assessment roll and the map. 5. The second public hearing was set by the Board of Commissioners to be held on July 7, 1981 at 10:00 A.M. At that time the Board will determine finally if the County will participate in this paving re- quest. If approved, the assessment scroll will be forwarded to the Tax Collector for further processing. Also, In order to be approved the residents must have presented a check to the County in the amount of 67,280.60 for their share of the paving. This check along with a check drawn on the County in the amount of $1,439.40 and a copy of the final resolution will be sent to Mr. T. L. Patterson, District Engineer; North Carolina Department of Transportation in Albemarle.