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BC 2011 02 21 Regular
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BC 2011 02 21 Regular
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10/19/2011 1:29:41 PM
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11/27/2017 12:59:42 PM
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Meeting Minutes
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Minutes
Meeting Minutes - Date
2/21/2011
Board
Board of Commissioners
Meeting Type
Regular
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February 21, 2011 <br />(Regular Meeting) <br />Year 2 <br />Page 318 <br />STEWART DAVID AARON <br />10- 613757 <br />SITUS ERROR /REL TO MECK CO <br />C ADVLTAX <br />128.71 <br />STEWART DAVID AARON <br />10- 613757 <br />SITUS ERROR /REL TO MECK CO <br />CIOIADVLTAX <br />25.54 <br />STEWART DAVID AARON <br />10- 613757 <br />SITUS ERROR /REL TO MECK CO <br />FR19ADVLTAX <br />15.32 <br />TABOR MARK ALAN <br />10- 600229 <br />PRORATED FOR 9 MONTHS <br />C ADVLTAX <br />6.85 <br />TABOR MARK ALAN <br />10- 600229 <br />PRORATED FOR 9 MONTHS <br />FR04ADVLTAX <br />.43 <br />TANDARICH JASON ANDREW <br />09- 631606 <br />PRORATED FOR 8 MONTHS <br />C ADVLTAX <br />23.94 <br />TANDARICH JASON ANDREW <br />09- 631606 <br />PRORATED FOR 8 MONTHS <br />C104ADVLTAX <br />18.62 <br />TANDARICH JASON ANDREW <br />10- 530011 <br />PRORATED FOR 9 MONTHS <br />C ADVLTAX <br />43.71 <br />TANDARICH JASON ANDREW <br />10- 530011 <br />PRORATED FOR 9 MONTHS <br />CI04ADVLTAX <br />34.00 <br />TARDIF DAVID JAMES <br />10- 603939 <br />PER PURCHASE PRICE <br />C ADVLTAX <br />306.16 <br />TARDIF DAVID JAMES <br />10- 603939 <br />PER PURCHASE PRICE <br />CIO2ADVLTAX <br />204.11 <br />TARDIF DAVID JAMES <br />10- 603939 <br />RELEASED 8 MONTHS <br />C ADVLTAX <br />5.89 <br />TARDIF DAVID JAMES <br />10- 603939 <br />RELEASED 8 MONTHS <br />CIO2ADVLTAX <br />3.93 <br />THOMAS KEITH ALAN <br />10- 598796 <br />SOLD REL 9 MONTHS <br />C ADVLTAX <br />16.39 <br />THOMAS KEITH ALAN <br />10- 598796 <br />SOLD REL 9 MONTHS <br />CIO2ADVLTAX <br />10.93 <br />THORICHT DOUGLAS ALLEN <br />09- 613367 <br />REPOSSESSED REL 9 MONTHS <br />C ADVLTAX <br />43.00 <br />THORICHT DOUGLAS ALLEN <br />09- 613367 <br />REPOSSESSED REL 9 MONTHS <br />CIO2ADVLTAX <br />28.67 <br />THRASHER FARRAR CHARLES <br />10- 601729 <br />VALUE APPEAL -HIGH MILES <br />C ADVLTAX <br />15.34 <br />THRASHER FARRAR CHARLES <br />10- 601729 <br />VALUE APPEAL -HIGH MILES <br />C102ADVLTAX <br />10.23 <br />TRULL RONALD DAVID <br />10- 614612 <br />RELEASED TO ROWAN COUNTY <br />C ADVLTAX <br />93.56 <br />TRULL RONALD DAVID <br />10- 614612 <br />RELEASED TO ROWAN COUNTY <br />CI04ADVLTAX <br />72.77 <br />TRULL RONALD DAVID <br />10- 614612 <br />RELEASED TO ROWAN COUNTY <br />KTAGFFEEFEE <br />15.00 <br />TUMGEON RAPEEPORN <br />10- 595703 <br />RELEASED TO MECKL COUNTY <br />C ADVLTAX <br />11.97 <br />TUMGEON RAPEEPORN <br />10- 595703 <br />RELEASED TO MECKL COUNTY <br />FR04ADVLTAX <br />.76 <br />VAUGHN PHILIP REEVES JR <br />10- 594731 <br />VALUE APPEAL -HIGH MILES <br />C ADVLTAX <br />22.96 <br />VAUGHN PHILIP REEVES JR <br />10- 594731 <br />VALUE APPEAL -HIGH MILES <br />CIO2ADVLTAX <br />15.31 <br />VAUGHN RICHARD DALE JR <br />10- 572970 <br />VEHICLE SOLD REL 11 MONTHS <br />C ADVLTAX <br />16.29 <br />VAUGHN RICHARD DALE JR <br />10- 572970 <br />VEHICLE SOLD REL 11 MONTHS <br />C GARNFEE <br />27.50 <br />VAUGHN RICHARD DALE JR <br />10- 572970 <br />VEHICLE SOLD REL 11 MONTHS <br />CIO2ADVLTAX <br />10.85 <br />VELOZ JOHN AMABLE <br />10- 550716 <br />PRORATED FOR 6 MONTHS <br />C ADVLTAX <br />22.77 <br />VELOZ JOHN AMABLE <br />10- 550716 <br />PRORATED FOR 6 MONTHS <br />CI01ADVLTAX <br />4.52 <br />VELOZ JOHN AMABLE <br />10- 550716 <br />PRORATED FOR 6 MONTHS <br />FR19ADVLTAX <br />2.71 <br />WARE PATRICIA ELIZABETH <br />09- 654793 <br />RELEASED 5 MONTHS <br />C ADVLTAX <br />2.83 <br />WARE PATRICIA ELIZABETH <br />09- 654793 <br />RELEASED 5 MONTHS <br />CI04ADVLTAX <br />2.20 <br />WATTS LUTHER JR <br />10- 530587 <br />PRORATED FOR 8 MONTHS <br />C ADVLTAX <br />3.45 <br />WATTS LUTHER JR <br />10- 530587 <br />PRORATED FOR 8 MONTHS <br />C102ADVLTAX <br />2.29 <br />WEISS BILLIE JO <br />09- 592680 <br />PRORATED FOR 6 MONTHS <br />C ADVLTAX <br />4.50 <br />WEISS BILLIE JO <br />09- 592680 <br />PRORATED FOR 6 MONTHS <br />CIO2ADVLTAX <br />3.00 <br />WHETSTONE RICHARD C & <br />09- 099719 <br />IN ERROR <br />C LEGLFEE <br />333.08 <br />WHITE TERRY JEROME <br />10- 513076 <br />TRADED REL 6 MONTHS <br />C ADVLTAX <br />36.18 <br />WHITE TERRY JEROME <br />10- 513076 <br />TRADED REL 6 MONTHS <br />CIO2ADVLTAX <br />24.12 <br />WHITE TERRY JEROME <br />09- 622296 <br />SOLD REL 5 MONTHS <br />C ADVLTAX <br />4.60 <br />WHITE TERRY JEROME <br />09- 622296 <br />SOLD REL 5 MONTHS <br />CIO2ADVLTAX <br />3.06 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />PER PURCHASE PRICE <br />C ADVLTAX <br />311.60 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />PER PURCHASE PRICE <br />CIO2ADVLTAX <br />207.73 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />C ADVLTAX <br />- 311.60 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />CIO2ADVLTAX <br />- 207.73 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />PER PURCHASE PRICE <br />C ADVLTAX <br />310.28 <br />WICKLUND KYLE GERARD <br />10- 578524 <br />PER PURCHASE PRICE <br />C102ADVLTAX <br />206.85 <br />WOJTALIK RICHARD EDWARD <br />10- 604241 <br />SITUS CHANGE -FR11 <br />C102ADVLTAX <br />212.30 <br />WOJTALIK RICHARD EDWARD <br />10- 604241 <br />SITUS CHANGE -FR11 <br />CTAGFFEEFEE <br />15.00 <br />WOOLLEN STEPHEN <br />10- 594120 <br />PER PURCHASE PRICE <br />C ADVLTAX <br />255.47 <br />WOOLLEN STEPHEN <br />10- 594120 <br />PER PURCHASE PRICE <br />FR11ADVLTAX <br />12.17 <br />(G) NEW BUSINESS <br />(G -1) EDC - Economic Development Grant Request for S.P. Richards Company and <br />Public Hearing - 6:30 P.M. <br />Ryan McDaniels, of the Cabarrus Economic Development Corporation (EDC) , <br />presented the following information related to a request for an Economic <br />Development Grant (3 years /85 percent) for S.P. Richards Company (Genuine <br />Parts Company), a wholesale distributor: the company plans to construct a <br />200,000 square foot distribution center with a total investment of $11.8 <br />million ($10 million - real estate and $1.8 million - equipment) in <br />Kannapolis on the commercial side of the Super Target shopping center; and <br />the company plans to create 66 new full time positions with an average wage <br />of $18.75 /hour for clerical, warehouse and drivers (53 FTE's) and <br />$87,000 /year for managers, supervisors and sales (13 FTE's). He also <br />reviewed the following grant analyses: <br />Cabarrus County Economic Development Grant Analysis <br />Real Property <br />Cabarrus County Economic Development Grant Analysis <br />Personal Property - 10% Dep <br />Year 1 Year 2 Year 3 Year 4 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$10,000,000.00 <br />$10,000,000.00 <br />•$10,000,000.00 <br />$10,000,000.00 <br />County Taxes at .63 <br />$63,000.00 <br />$63,000.00 <br />$63,000.00 <br />$63,000.00 <br />Grant @ 85% <br />$53,550.00 <br />$53,550.00 <br />$53,550.00 <br />Net Taxes to County <br />1 $9,450.00 <br />1 $9,450.00 <br />$9,450.00 <br />$63,000.00 <br />3 Year Taxes <br />$189,000.00 <br />3 Year Grant <br />$160,650.00 <br />3 Year Net Revenue <br />$28,350.00 <br />Cabarrus County Economic Development Grant Analysis <br />Personal Property - 10% Dep <br />Year 1 Year 2 Year 3 Year 4 <br />
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