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July 20, 2009 (Regular Meeting) Page 1503 WINECOFF ROBERT GLENN OB-548553 PRORATED REL 11 C109ADVLTAX 2. 55 WONNACOTT LEROY BASIL 09-513917 REL ALLEN & ADD GOLD HILL FR09ADVLTAX 1. 39 WRIGHT PATRICK CARY 07-598311 GRN FEE RELEASED C GARNFEE 30. 00 YATES DONNA JEAN 08-651678 GRN EEE RELEASED C GARNFEE 30. 00 YORK MICHAEL WAYNE 08-601396 PRORATED REL 3 C ADVLTAX 6. 22 YORK MICHAEL WAYNE 08-601396 PRORATED REL 3 CI02ADVLTAX 9. 15 YOUNG CAROLYN CARRIER 09-510332 RELEASED 9 MONTHS C ADVLTAX 37. 28 YOUNG CAROLYN CARRIER 09-510332 RELEASED 9 MONTHS FRI7ADVLTAX 3. 55 YOW PAUL WAYNE 09-500656 RELEASED 9 MONTHS C ADVLTAX 22. 02 YOW PAOL WAYNE 09-500658 RELEASED 9 MONTHS FRIIADVLTAX 1. 05 ZALEWSKI MARSHAL LEE OB-630916 GRN FEE RELEASED C GARNFEE 30. 00 (G) NEW BUSINESS EDC - (, : 3 for JRH Anna Lu Wilson, Cabarrus Economic Development Corporation (EDC) Vice President of Business Services, presented information related to an Economic Development grant request from JRH Vehicle Investments IZ, LLC. Ms. Wilson reported JRH Vehicles is expanding its current location in Cabarrus County, planning a 50,000 square foot facility for storage of cars awaiting restoration and cars for display at private events. She explained the following: plans include $4.85 million in investment in new real and personal property improvements; 60 percent of the facility will lie in Cabarrus County, with the remaining 40 percent in Mecklenburg County; etc. She requested the grant be approved for this project. In response to questions from the Board, Ms. Wilson introduced Chris Newsome with Hendrick Motorsports. Mr. Newsome explained the full intention of the project is to pay all taxes to Cabarrus County. Ms. Wilson explained that personal property taxes for the 90 percent of the facility that lies in Mecklenburg County will be paid to that County. Mr. Newsome stated the facility is essentially a storage building, with some office space. Chairman White reminded the Board that at its agenda work session, it had been reported that Mr. Brent Weisner, Cabarrus County Tax Assessor, has been contacted and has made the determination regarding property taxes to be paid in relation to the facility. Chairman White also noted that five (5) new full-time jobs will be created with the construction of this facility. In response to a question from Commissioner Privette, Chairman White noted that the facility will house Mr. Hendrick's personal collection of vehicles, not vehicles to be sold to the public. Chairman White opened the public hearing at 7:03 p.m. The public hearing notice was posted on the County's website on July 7, 2009 in accordance with Article 2, Administration, Section 2.1 (use of electronic means to provide public notices) of the Cabarrus County Code of Ordinances. Reverend Alexander Porter of 8701 Mooresville Road, Concord, asked the Board for clarification regarding the funds requested by JRH Vehicles. In response, Chairman White explained the following: portion of the building located in Cabarrus County will have a value of $2.9 million; JRH Vehicles is requesting the County consider providing a grant to construct the facility. With there being no one else to address the Board, Chairman White closed the public hearing. Vice Chairman Mynatt stated she was unaware that warehousing is included in the grant program. John Day, County Manager, explained there is a very active warehousing industry in Cabarrus County. He further noted that this facility will include a viewing area where the public can watch cars being restored or can view cars on display. UPON MOTION of Commissioner Carrut h, seconded by Commissioner Poole, and carried by Chairman White, Vice Chairman Mynatt, and Commissioners Carruth and Poole, with Commissioner Privette voting against, the Board authorized an economic development grant (3-year, 85 percent) for JRH Vehicle pursuant to the Economic Development Grant Program effective October 20, 2008 and authorized the County Manager to execute the Agreement on behalf of the Board, subject to review and/or revision by the County Attorney. EDC - Economic Development Grant Request for The Old_ ~mcnr Proiect and Public Hearing - 6:30 P.M.