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November 1E, 2015 (Regular Meeting)
<br />Page 2588
<br />Mr. Coughlin introduced John Morris of Beacon Partners.
<br />Mr. Morris thanked the Board for consideration of the incentive grant
<br />request. He also provided an overview of interest in the project and
<br />responded to questions from the Board.
<br />A discussion ensued.
<br />Chairman Morris opened the public hearing at 7:13 p.m. The Public
<br />Hearing Notice was posted on the County's website ( www.cabarrus county. us ) in
<br />on November 5, 2015 in accordance with Article 2, Administration, Section 2.1
<br />(Use of Electronic Means to Provide Public Notices) of the Cabarrus County
<br />Code of Ordinances.
<br />Larry Marlowe, resident of 664 Odell School Road in Concord, questioned
<br />the County's involvement with the property since it is located within the
<br />City of Concord limits.
<br />There was no one else present to address the Board; therefore, Chairman
<br />Morris closed the public hearing.
<br />Discussion continued. During discussion, Mr. Morris, Beacon Partners,
<br />and Mr. Coughlin responded to questions from the Board.
<br />UPON MOTION of Commissioner Honeycutt, seconded by Commissioner Mynatt
<br />and unanimously carried, the Board approved an economic development cash
<br />grant in the amount of $930,240.00 between Beacon Partners and Cabarrus
<br />County to provide the public infrastructure for River Oaks Corporate Center
<br />to include public roadway, utility extensions, and a traffic signal at the
<br />intersection of the new roadway and Derita Road, authorized the County
<br />Manager to execute the Agreement on behalf of the Board subject to review or
<br />revision by the County Attorney, and authorized the Finance Director to
<br />prepare a budget revision utilizing Fund Balance appropriation.
<br />Date: 11 /16/2015 Amount:$ 930, 240
<br />Dept, Head: Pamela S. Dubois Department:Economic Development Incentives
<br />❑ Internal Transfer Within Department ❑ Transfer Between Departments /Funds 2 Supplemental Request
<br />Purpose: To fund the approved Economic Development Incentive for Beacon Properties approved at BOC
<br />mePtina on November 16. 2015.
<br />Account Number
<br />2017
<br />2019
<br />2019 .
<br />2020
<br />2021
<br />2022
<br />2023
<br />Total Assessed value
<br />$25,000,000.00
<br />$.25,000,009.00
<br />553, 0110, 000.00
<br />$53,000,000.00
<br />953,009,000.00
<br />$53,000,000.00
<br />$53,000,000.00
<br />County Taxes at .70
<br />$175,900.00
<br />$175,009.00
<br />$371,000.00
<br />$373,000.00
<br />$371,000.00
<br />$371,000.00
<br />$371,000.00
<br />Grant @ 0+.
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Net Taxes to County
<br />5175,000.00
<br />$175,000.00
<br />$371
<br />$371,000.00
<br />$371,000.00
<br />$371,00().00
<br />$371,000,00
<br />4 yr. net
<br />revenue 1 $1,092,000.00
<br />7 yr. net
<br />revenue
<br />$2,205,000.00
<br />Mr. Coughlin introduced John Morris of Beacon Partners.
<br />Mr. Morris thanked the Board for consideration of the incentive grant
<br />request. He also provided an overview of interest in the project and
<br />responded to questions from the Board.
<br />A discussion ensued.
<br />Chairman Morris opened the public hearing at 7:13 p.m. The Public
<br />Hearing Notice was posted on the County's website ( www.cabarrus county. us ) in
<br />on November 5, 2015 in accordance with Article 2, Administration, Section 2.1
<br />(Use of Electronic Means to Provide Public Notices) of the Cabarrus County
<br />Code of Ordinances.
<br />Larry Marlowe, resident of 664 Odell School Road in Concord, questioned
<br />the County's involvement with the property since it is located within the
<br />City of Concord limits.
<br />There was no one else present to address the Board; therefore, Chairman
<br />Morris closed the public hearing.
<br />Discussion continued. During discussion, Mr. Morris, Beacon Partners,
<br />and Mr. Coughlin responded to questions from the Board.
<br />UPON MOTION of Commissioner Honeycutt, seconded by Commissioner Mynatt
<br />and unanimously carried, the Board approved an economic development cash
<br />grant in the amount of $930,240.00 between Beacon Partners and Cabarrus
<br />County to provide the public infrastructure for River Oaks Corporate Center
<br />to include public roadway, utility extensions, and a traffic signal at the
<br />intersection of the new roadway and Derita Road, authorized the County
<br />Manager to execute the Agreement on behalf of the Board subject to review or
<br />revision by the County Attorney, and authorized the Finance Director to
<br />prepare a budget revision utilizing Fund Balance appropriation.
<br />Date: 11 /16/2015 Amount:$ 930, 240
<br />Dept, Head: Pamela S. Dubois Department:Economic Development Incentives
<br />❑ Internal Transfer Within Department ❑ Transfer Between Departments /Funds 2 Supplemental Request
<br />Purpose: To fund the approved Economic Development Incentive for Beacon Properties approved at BOC
<br />mePtina on November 16. 2015.
<br />Account Number
<br />Account Name
<br />Approved Budget
<br />Inc Amount
<br />Dec Amount
<br />Revised Budget
<br />00163320 -6901
<br />Fund Balance appropria
<br />$3,782,380.00
<br />$930,240.00
<br />$4,712,620.00
<br />00193320- 971034
<br />Beacon Properties
<br />$0.00
<br />$930,240.00
<br />$930,240.00
<br />(G -2) County Manager - Request to Purchase .4983 Acres for the Main Entrance
<br />to the Kannapolis Middle School
<br />Will Crabtree, Kannapolis City Schools, presented a request to purchase
<br />.4983 acres for the main entrance to the Kannapolis Middle School. He stated
<br />the request of $67, 622.00 will cover the cost of the property, closing costs
<br />and realtor fees.
<br />Pam Dubois, Senior Deputy County Manager, stated $100,000.00 is
<br />available for the Kannapolis Middle School land purchase. She advised
<br />authorization to make the purchase is requested.
<br />UPON MOTION of Commissioner Mynatt, seconded by Commissioner Shue and
<br />unanimously carried, the Board approved the purchase of .4983 acres for
<br />Kannapolis Middle School per G.S. 115C- 426(f).
<br />H) .APPOINTMENTS TO BOARDS AND COMMITTEES
<br />(H -1) Appointments - Cabarrus County Animal Protection Advisory Board
<br />The Board established the Cabarrus County Animal Protection, Advisory
<br />Board by its action at the regular meeting on August 17, 2015. The newly
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