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August 17, 2009 (Regular Meeting)
<br />Page 1544
<br />.63
<br />Incentive @
<br />SS& $91,769.00 $91,769.00 $41,769.00
<br />Net Taxes
<br />to County $7,371.00 $7,371.00 $7,371,00 $99,140.00
<br /> 3 Year Taxes $197,920.00
<br /> 3 Yeax
<br /> Incentive $125,307.00
<br /> 3 Yeax Net
<br /> Revenue $22,113.00
<br />Following the presentation, Mr. McDaniels responded to several
<br />questions from the Board related to future grants for the tenants and the
<br />estimated number of jobs to be created. A general discussion ensued and it
<br />was noted that only one grant can be awarded unless an exception is granted
<br />by the Board of Commissioners.
<br />Chairman White opened the public hearing at 6:98 p.m. The Public
<br />Hearing Notice was posted on the Cabarrus County website on August 5, 2009 in
<br />accordance with Article 2, Administration, Section 2.1 (use of electronic
<br />means to provide public notices) of the Cabarrus County Code of Ordinances.
<br />With there being no one to address the Board, Chairman White closed the
<br />public hearing.
<br />UPON MOTION of Commissioner Carruth, seconded by Commissioner Poole
<br />with Chairman White and Commissioners Carruth and Poole voting for and
<br />Commissioner Privette voting against, the Board approved a 3-year, 85 percent
<br />Economic Development Grant for 390 Business Blvd., LLC, pursuant to the
<br />Economic Development Grant Program effective October 20, 2008, and authorized
<br />the County Manager to execute the Agreement on behalf of the Board, subject
<br />to review and/or revision by the County Attorney.
<br />Len Witke, Cabarrus County Schools, requested an additional $255,000 of
<br />contingency funds for the following school projects:
<br />Cox Mill High start-up funds and custodial equipment $225,000.00
<br /> engineering/additional material
<br />Carl A. Furr Elementary
<br />testing $15,000.00
<br />Bus Maintenance Facility engineering/additional material $15 000.00
<br />'
<br /> testing
<br />UPON MOTION of Commissioner Carruth, seconded by Commissioner Privette
<br />and unanimously carried, the Board approved the use of $255,000.00 of
<br />contingency funds as requested by the Cabarrus County Board of Education and
<br />adopted the following budget amendment:
<br />Date: 7/23/2009 Amount:$255,000
<br />Dept. Head: SUSan Fearrington/Asst Finance Director Department: Finance-School Construction Funds
<br />Q Internal Transfer Within Department ^ Transfer Between Departments/Funds ^ Supplemental Request
<br />Purpose: The Cabarrus County Board of Education requested contingency funds be used for the
<br />following schools: Cox Mill High School $225,000 for Start Up Funds and Custodial Equipment, Carl
<br />A Furr Elementary School $15,000 for Engineering, antl the Bus Maintenance Facility $15,000 for
<br />Engineering.
<br />Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget
<br />36497327-9660 Contingency-Cox Mill $314,227.00 $225,000.00 $89,227.00
<br />36497327-9860 Furn & Equi-Cox Mill $2,344,952.00 $75,000.00 $2,919,952.00
<br />36997327-9331 Furn & Equip Minor-Cox $5,199.00 $150,000.00 $155,199.00
<br />36697326-9660 Contingency-Furr Elem $153,972.00 $15,000.00 $138,972.00
<br />36697326-9606 Engineering-Furr E1em $59,297.00 $15,000.00 $69,297.00
<br />36997328-9660 Contingency-Bus Garage $363,189.96 $15,000.00 $398,109.96
<br />36997328-9606 Engineering-Bus Garage $195,000.00 $15,000.00 $160,000.00
<br />(G-3) Commerce - Consent Agreement for The Mills at Rocky River Subdivision
<br />Project
<br />Note: This item was tabled until September 21, 2009 at the request of
<br />the developer/counsel.
<br />(G-6) Commerce - Appointments to Advisory Committee for the Harriaburo Area
<br />Land Uae Plan Update
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