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April 19, 2010 (Regular Meeting)
<br />Page 1894
<br />WHEREAS, Article 2B of Chapter 136 of the North Carolina General
<br />Statutes and the Governor of North Carolina have designated the
<br />North Carolina Department of Transportation (NCDOT) as the agency
<br />responsible for administering federal and state public
<br />transportation funds; and
<br />WHEREAS, the North Carolina Department of Transportation will
<br />apply for a grant from the US Department of Transportation,
<br />Federal Transit Administration and receives funds from the North
<br />Carolina General Assembly to provide assistance for rural public
<br />transportation projects; and
<br />WHEREAS, the purpose of these transportation funds is to provide
<br />grant monies to local agencies for the provision of rural public
<br />transportation services consistent with the policy requirements
<br />for planning, community and agency involvement, service design,
<br />service alternatives, training and conference participation,
<br />reporting and other requirements (drug and alcohol testing policy
<br />and program, disadvantaged business enterprise program, and fully
<br />allocated costs analysis); and
<br />WHEREAS, Cabarrus County hereby assures and certifies that it
<br />will comply with the federal and state statutes, regulations,
<br />executive orders, Section 5333 (b) Warranty, and all
<br />administrative requirements related to the applications made to
<br />and grants received from the Federal Transit Administration, as
<br />well as the provisions of Section 1001 of Title 18, U.S.C.
<br />NOW, THEREFORE, be it resolved that the County Manager of the
<br />Cabarrus County Board of Commissioners is hereby authorized to
<br />submit a grant application for federal and state funding, provide
<br />the required local match, make the necessary assurances and
<br />certifications and be empowered to enter into an agreement, with
<br />the NCDOT to provide rural public transportation services.
<br />(G-2) EDC - Economic Development Grant Request - Celgard LLC, A Polypore
<br />Company and Public Hearing - 6:30 P.M.
<br />John Cox, of the Cabarrus Economic Development Corporation (EDC},
<br />presented the following information regarding a request for an economic
<br />development grant for Celgard, LLC:
<br />It is a privilege for me to stand before you tonight as the
<br />President and CEO of the Cabarrus Regional Chamber and Cabarrus
<br />Economic Development group asking for you to support the creation
<br />of jobs here in Cabarrus County.
<br />This Board has a record of supporting existing, expanding and new
<br />businesses in Cabarrus County. In fact, if the Celgard
<br />incentives pass tonight, the Board of Commissioners, since 2004,
<br />will have increased capital investment in Cabarrus County-just
<br />through the incentive process alone-by nearly $400,000,000.00
<br />million dollars. What that means is that you will have realized
<br />nearly $400,000,000.00 million dollars in new taxable inventory-
<br />taxable inventory that you would not have had otherwise. That
<br />taxable investment paid for by companies helps keep the taxes on
<br />our homes and property lower than they would be without them.
<br />In just the last six years you will have recruited new
<br />industries and will have supported existing industries which
<br />collectively have annual payrolls in excess of $180,000,000.00
<br />million dollars. Those businesses, large and small alike, today
<br />employ more than 2,200 people-people that you have put to work in
<br />jobs that you have helped create. You have a record in creating
<br />jobs and supporting business.
<br />In addition to the thousands of jobs created and the hundreds of
<br />millions of dollars of new investment the County has realized,
<br />your Industrial Grant Policy has worked effectively to protect
<br />the citizens of Cabarrus County. The fact is that while you have
<br />returned a portion of taxes paid by these new and expanding
<br />companies for a restricted period to time, Cabarrus County's
<br />treasury has seen a net revenue increase of more than $1.8
<br />million dollars over and above the value of the grants. And of
<br />course, when the Grants expire then those companies pay 100% of
<br />taxes owed, while employing thousands of our fellow citizens, and
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