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August 21, 2017 (Regular Meeting) Page 3272
<br /> Collection Cost Calculation-FY2017
<br /> For jurisdictions under the new Coliection contract.
<br /> Annual Billing FY2016 94.083
<br /> Collection Division FY16 Budget $973,542
<br /> Minus cost of NCDMV Collections ($314,380)
<br /> Collection Division Budget to be Shared $659,162
<br /> Plus 105E Overhead 565,916
<br /> Total Cost of Collections to be Shared $725,078
<br /> 50:2 Total Collection Cost to be Shared $362,539
<br /> Current Contracted Method without
<br /> Concord New Contracted Method with Concord
<br /> FY2017 %of FY2017 FY 2017-New Method with Concord
<br /> Number of Savings Per
<br /> Cities Annual Total Bills Cost bills Cost at$2 per bill Muni
<br /> C103 Mt.Pleasant 9301 0.99% $3,589 930 2 11860 $ 1,729
<br /> C104 Kannapolis 18,4411 19.60% $71,058 18,441 2 36,882 $ 34,176
<br /> C105 Locust 328 0.35% $1,269 328 2 656 $ 613
<br /> C101 Harrisburg 6,782 7.21% $26,139 6,782 2 13,564 S 12,575
<br /> Total City 26,481 28.31% $102,05
<br /> Concord(estimated) 40,000 2 80,000
<br /> CI06 Midland approximately $10,000 2,401 2 4,814 $ 5,186
<br /> (Not under this agreement,charged at 1.50%) $112,055 1 137,776 S 54,279
<br /> Overall County Gain $ 25,721
<br /> UPON MOTION by Commissioner Kiger, seconded by Commissioner Shue and
<br /> unanimously carried, the Board approved the contracts and authorized the County
<br /> Manager to execute them subject to County Attorney approval.
<br /> (F-16) Tax Administration - Refund and Release Reports - July 2017
<br /> The Release Report contains taxpayers' names, bill numbers, valuations,
<br /> tax amounts, along with the justifications for releasing the valuation/tax
<br /> amounts for outstanding levies in accordance with N.C.G.S. 105-381. The Refund
<br /> Report is a summary sheet which lists data from each refund request form, along
<br /> with the justification for the refunds to the taxpayers in accordance
<br /> with N.C.G.S. 105-381.
<br /> Note: Due to the transition of motor vehicles onto the new North Carolina
<br /> Vehicle Tax System (NCVTS) , motor vehicle-related refunds and releases will
<br /> begin to be displayed on the new report generated by NCVTS.
<br /> UPON MOTION by Commissioner Kiger, seconded by Commissioner Shue and
<br /> unanimously carried, the Board approved the July 2017 Refund and Release Reports
<br /> as submitted, including the NCVTS Refund Report, and granted authority to the
<br /> Tax Collector to process the refunds and releases. The reports are hereby
<br /> incorporated into the minutes by reference, and are on file with the Clerk to
<br /> the Board.
<br /> (G) NEW BUSINESS
<br /> (G-1) Economic Development Investment - Project Hercules II - Public Hearing
<br /> 6:30 p.m.
<br /> Robert Carney Jr. , Economic Development Corporation (EDC) Executive
<br /> Director presented a request for an economic development investment for Project
<br /> Hercules II/Amazon (Tenant) pursuant to North Carolina General Statute 158.7.1.
<br /> He advised Amazon proposes to establish a Kannapolis facility to add to their
<br /> existing network of online retail fulfillment/distribution operation. The
<br /> proposed site is located at 6501 Macedonia Church Road in Kannapolis. Amazon
<br /> would be leasing the facility from the TPA Group, will be developing the site
<br /> and constructing a 1, 000, 000 square foot facility. Amazon proposes a projected
<br /> taxable investment in Cabarrus County of approximately $35 million in personal
<br /> property. Their plans include hiring 600 plus full-time employees at an average
<br /> wage of $31, 140. 00 per year. A 3-year grant equivalent to 85 percent of the ad
<br /> valorem taxes on the increase in personal property tax values is requested. Mr.
<br /> Carney also responded to questions from the Board.
<br /> Cabarrus County Economic Development Grant Analysis - Project Hercules II
<br /> Year 1 Year 2 Year 3
<br /> Total Assessed value $35,000,000.00 $35,000,000.00 $35,000,000.00
<br /> County Taxes at .70 $245,000.00 $245,000.00 $245,000.00
<br /> Grant @ 85% $208,250.00 $208,250.00 $208,250.00
<br /> Net Taxes to County $36,750.00 $36,750.00 $36,750.00
<br /> 3 Year Taxes $735,000.00
<br /> 3 Year Grant $624,750.00
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