BC 2016 02 15 Regular Meeting - Laserfiche WebLink

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February I5, 2016 (Regular Meeting) Page 2652 personal property construction and installation by applicant for a period of five years, the County proposes to sell 33.26 acres of vacant land close to Highway 601 near Midland to applicant at a price of $10,000.00 per acre. 2. Currently, the County considers such land to be worth between $13,000.00 and $15,600.00 per acre. This yields a discount of between $99,780.00 and $192,908.00 on the price of the land. 3. The County expects to generate positive net tax revenues from this project of $210,000.00 for the five year period of and after payment of the underlying 85% grant, based on the projections of the applicant and the Cabarrus County Economic Development Corporation ( "EDC "). 4. The applicant and the EDC project that this project will generate approximately 49 employees within the grant period at an average annual wage of $53,963.00 ($25.94 per hour) . The current average annual wage for workers in the County is $36,446.00 ($17.52 per hour) according to the State of North Carolina. The median annual wage in the County is also less than that proposed for applicant's prospective employees. 5. The location of this applicant's business in the County will stimulate the economy and promote business in that it will result in creation of additional tax base of approximately $40,000,000.00 and creation of a large number of higher paying jobs in the County. 6. The conveyance of the County's land as described will result in a net economic benefit to the County that exceeds the discount in the price of the land afforded to the applicant. 7. For these reasons the County believes conveyance of the County's property at the proposed price is beneficial to the citizens of the County and is compliant with the provisions of N.C. Gen. Stat. §158 - 7.1(d). A discussion ensued. During discussion, Commissioners Mynatt and Shue expressed support for the incentive grant. UPON MOTION of Commissioner Shue, seconded by Commissioner Mynatt and unanimously carried, the Hoard approved an Economic Development Grant (5 years, 85 percent) between Cabarrus County and Project Burgundy and the sale at a discounted price of a landlocked tract of County -owned land adjacent to the Aberdeen Western Railroad and near Wallace Road near the Town of Midland. (G -2) Planning and Development - Proposed Amendment to the Code of Ordinances Regarding Electrical Testing Requirement for Unlicensed Individuals - Public Hearing 6:30 P.M. Kelly Sifford, Planning and Development Director, proposed an amendment to the Cabarrus County Code of Ordinances regarding electrical testing requirements for unlicensed individuals. She advised staff is experiencing an increase in unqualified parties performing complicated electrical work which has resulted in multiple, time consuming visits. She stated testing was administered by staff in the past, but was removed from the Code of Ordinances at some point. She requested reinstating the testing and advised a public hearing is required in order to amend the Code of Ordinances. Chairman Morris opened the public hearing at 6:57 p.m. The Public Hearing Notice was posted on the County's website ( www.cabarruscounty.us ) on February 2, 2016 in accordance with Article 2, Administration, Section 2.1 (Use of Electronic Means to Provide Public Notices) of the Cabarrus County Code of Ordinances. There was no one present to address the Board; therefore, Chairman Morris closed the public hearing. UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Shue and unanimously carried, the Board approved the Ordinance Amending the Cabarrus County Code of Ordinances, Article II, Permits and Inspections. AN ORDINANCE AMENDING THE CABARRUS COUNTY CODE OF ORDINANCES Ordinance No. 2016 -01 BE IT ORDAINED that the Cabarrus County Code of Ordinances is hereby amended as follows: ARTICLE II. - PERMITS AND INSPECTIONS Change ordinance as follows: