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May 18, 2015 (Regular Meeting) <br />Page 2397 <br />NOW THEREFORE BE IT RESOLVED the Cabarrus County Board of Commissioners <br />hereby supports the addition of Governor McCrory's general obligation bond <br />proposal to the November 2015 ballot. <br />Adopted this 18th day of May, 2015. <br />/s/ Stephen M. Morris <br />Stephen M. Morris, Chairman <br />Cabarrus County Board of Commissioners <br />ATTEST: <br />/s/ Megan T.E. Smit <br />Megan I. E. Smit, Clerk to the Board <br />(G -6) BOC — Resolution Supporting North Carolina's Historic Preservation Tax <br />Credit Programs <br />Chairman Morris read the resolution aloud. <br />Commissioner Mynatt MOVED to adopt A Resolution Supporting North <br />Carolina's Historic Preservation Tax Credit Programs. Commissioner Shue <br />seconded the motion. <br />Commissioner Myatt advised when a building is restored, it affects <br />everything around it. As an example, she stated the old Concord High School <br />would benefit the entire neighborhood, should it be restored. <br />Vice Chairman Poole expressed support for the tax credit programs <br />citing locations in Concord and Kannapolis that would benefit from the <br />programs. <br />Chairman Morris expressed support for the resolution, commenting on an <br />event in Kannapolis promoting historic preservation tax credit programs <br />attended by Governor McCrory. <br />The MOTION unanimously carried. <br />Resolution No. 2015 -12 <br />A RESOLUTION SUPPORTING NORTH CAROLINA'S HISTORIC <br />PRESERVATION TAX CREDIT PROGRAMS <br />WHEREAS, Cabarrus County along with other local and regional partners <br />supports the revitalization of historic downtown Concord and downtown <br />Kannapolis to establish them as vital economic sectors and for the benefit of <br />the community; and <br />WHEREAS, Cabarrus County realizes that a healthy, vibrant downtown overflows <br />to make other economic development initiatives in the community easier to <br />achieve; and <br />WHEREAS, Cabarrus County understands it is important to retain a wealth of <br />historic commercial and residential structures that offer unique <br />opportunities by differentiating our community from others and by preserving <br />our own unique history and culture, therefore we wish to preserve those <br />structures for future use and reinvestment; and <br />WHEREAS, Cabarrus County recognizes that these buildings offer opportunities <br />for small business development, job creation and desirable living spaces in <br />an environment with previously invested infrastructure; and <br />WHEREAS, the rehabilitation of historic structures is challenging in terms of <br />acquiring needed bank financing, meeting building code regulations and <br />overcoming general risks of unknown conditions and securing private <br />investment; and <br />WHEREAS, Cabarrus County recognizes that these programs offer an often <br />necessary financial tool that level the private investment risks and <br />opportunities when competing for sites outside the built area and also <br />provide leverage needed to meet financial gaps experienced with traditional <br />lending institutions; and <br />WHEREAS, Cabarrus County and its municipalities have experienced success with <br />meeting these historic rehabilitation challenges due to the availability of <br />the North Carolina Historic Preservation Tax Credit (HPTC) Programs which <br />