Laserfiche WebLink
July 7, 2008 (Work Session) <br />Continuation of Contract for Building Inapeationa in Locust <br />Page 892 <br />John Day, County Manager, presented information related to a <br />request from the City of Locust for the County to renew the contract <br />between Locust and Cabarrus County regarding permitting and inspections <br />for the City of Locust. <br />UPON MOTION of Commissioner Privette, seconded by Commissioner <br />Carruth and unanimously carried, the Board voted to place the <br />continuation of the Contract for Building Inspections in Locust on the <br />July 21, 2008 Agenda ds a New Business item. <br />House Bill 2787 - Infrastruoture Assessments Act <br />Chairman White provided updated information regarding House Bill <br />H2787 Infrastructure Assessments Act. He reported that Senator <br />Fletcher Hartsell and State Representative Jeffrey Barnhardt requested <br />the Board review this newly revised information and provide feedback <br />with regards to how the bill is currently written. <br />After the Board reviewed the information presented, a lengthy <br />discussion ensued. Topics addressed included: the need for the <br />introduction of the bill; advantages to locations and schools; etc. <br />No action was taken. <br />Saddle Creek - industrial Development Incentive Grant - Request for <br />Public Hearing <br />Ryan McDaniels with the Economic Development Corporation (EDC), <br />presented a request for a public hearing for an Industrial Development <br />Incentive Grant for the Saddle Creek Corporation. He reported Saddle <br />Creek Corporation is considering an expansion of its current location <br />in Harrisburg. He also introduced Samantha Moose, EDC Existing <br />Industry Specialist, to explain the parameters of the project. <br />Ms. Moose reported Saddle Creek Corporation is a privately held, <br />third party logistics company currently located in Harrisburg. She <br />stated Saddle Creek Corporation would be a $12 million investment with <br />a new 3,100 square foot building and would create 31 full-time and 11 <br />part-time jobs with an average wage rate of $16.00 per hour. <br />Mr. McDaniels reviewed the following grant analysis: <br /> Year 1 Year 2 Year 3 Year 9 <br />Total Assessed <br />Value <br />$12,000,000.00 <br />$12,000,000.00 <br />$12,000,000.00 <br />$12,000,000.00 <br />County Taxes at <br />.63 <br />$75,600.00 <br />$75,600.00 <br />$75,600.00 <br />$75,600.00 <br />Grant @ 858 $69,260.00 $69,260.00 $69,260.00 <br />Net Taxes to <br />County <br />$11,390.00 <br />$11,390.00 <br />$11,390.00 <br />$75,600.00 <br /> 3 Year Taxes $226,800.00 <br /> 3 Year <br />Incentive <br />$192,780.00 <br /> 3 Year Net <br />Revenue <br />$39,020.00 <br />Mr. McDaniels reported that the Harrisburg Town Council will be <br />reviewing this grant at their next scheduled meeting. <br />Mr. McDaniels and Ms. Moose responded to questions from the <br />Board. The following issues were addressed: the location of the new <br />building; specific uses of the $12 million investment; the $16.00 per <br />hour wage as compared to the County average; the Board's incentive wage <br />policy; etc. <br />Chairman White requested the EDC provide the Board with a more <br />specific breakdown of uses of the $12 million incentive on real and <br />personal property. <br />UPON MOTION of Commissioner Carruth, seconded by Vice Chairman <br />Juba and unanimously carried, the Board voted to place the Saddle Creek <br />Industrial Development Incentive Grant on the July 21, 2006 Agenda as a <br />