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October 7, 2013 (Work Session)
<br />Page 1761
<br />Tax Year
<br />Ad Valorem Taxes By
<br />Increase Compared to 2003 Tax
<br />Year
<br />Revenue
<br />2003
<br />63,501,156
<br />2004
<br />65,795,359
<br />2,294,203
<br />2005
<br />75,011,031
<br />11,509,875
<br />2006
<br />96,563,868
<br />33,062,712
<br />2007
<br />97,598,930
<br />34,097,774
<br />2008
<br />103,618,369
<br />40,117,213
<br />2009
<br />132,283,249
<br />68,782,093
<br />2010
<br />133,990,035
<br />70,488,879
<br />2011
<br />133,565,453
<br />70,064,297
<br />2012
<br />131,847,712
<br />68,346,556
<br />2013
<br />131,171,850
<br />67,670,694
<br />2014 (projected)
<br />133,692,292
<br />70,191,136
<br />536,625,432
<br />Total Debt 2004
<br />147,829,560
<br />Total Debt 2014
<br />347,473,073
<br />Increased Ad Valorem Revenue
<br />Additional Debt
<br />Total Additional Funds
<br />Received Over Baseline
<br />536,625,432
<br />199,643,513
<br />736,268,945
<br />A discussion ensued. During discussion, Pam Dubois, Deputy County
<br />Manager, responded to questions from the Board.
<br />30C - NCACC Video Update
<br />At the request of the North Carolina Association of County
<br />Commissioners (NCACC), the Board viewed a video update.
<br />Discussion Items for Action at October 21, 2013 Meeting (Continued)
<br />Counter Manager - Revised Counter /CVB Interlocal Agreement
<br />Mike Downs, County Manager, presented a request for a revision of the
<br />original (current) Interlocal agreement between Cabarrus County and the
<br />Cabarrus Convention and Visitor's Bureau (CVB) . He stated the proposed
<br />revision to the County /CVB Interlocal Agreement ties in with the following
<br />agenda item to develop two multi- purpose fields at Frank Liske Park. He also
<br />addressed the following information: the terms of the current Interlocal
<br />agreement; the proposed revisions include a five -year agreement versus the
<br />current one -year agreement; there would be potential for a five -year
<br />extension to the agreement, after the first five -year agreement ended; the
<br />amended agreement is dependent on field improvements being conducted at Frank
<br />Liske Park; and the County would be responsible for the immediate cost of
<br />field improvements, receiving reimbursement from the five percent
<br />administrative fee it collects from the CVB.
<br />Michael Applegate, CVB Senior Vice President of Sales and Service,
<br />stated the fields at Frank Liske Park are a gem for hosting sporting events
<br />and reviewed the benefits of artificial turf fields versus grass fields.
<br />Donna Carpenter, CVB President and CEO and John Mills, CVB Executive
<br />Vice President, were also in attendance.
<br />Active hiving and Parks - Development of Two Multi - Purpose Fields at Frank
<br />Kyle Bilafer, General Services Director, presented an overview of the
<br />plans for the development of two multi- purpose fields at Frank_ Liske Park.
<br />Londa Strong, Active Living and Parks Director, advised a parking lot
<br />would be beneficial to the rest of the park. She stated the grass fields
<br />have limited use due to time required to rest the fields.
<br />Donna Carpenter, CVB President and CEO, advised if the tourism industry
<br />continues to prosper, the cost may be paid back sooner than estimated.
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