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July 7, 2008 (Work Session) Page 897 The Buffalo Creek subdivision project was approved by the City of Concord Planning and Zoning Board on June 20, 2006. The project consists of 190 single family lots on +/-86.65 acres located at the intersection of Heglar Road and NC Highway 99. The specifics of the agreement are as follows: • Developer - Buffalo Creek, LLC, 6707 Fairview Road, Suite B, Charlotte, NC 28210 • Payment of $9,039 per lot will be due at Final Platting • Build out schedule would be no more than 15 lots platted in calendar year 2009, calendar year 2010, no more than 30 lots platted, calendar year 2011, no more than 90 lots platted, calendar year 2012, no more than 40 lots platted, calendar year 2013, no more than 90 lots platted, and calendar year 2019, no more than 25 lots platted. The APFO worksheet filled out by Mr. Robert Kluttz with Cabarrus County Schools indicates that schools impacted by the Buffalo Creek subdivision are currently functioning at the following capacities: W.R. Irvin Elementary School - 93.50°s Mt. Pleasant Middle School - 98.36°s Mt. Pleasant Hiqh School - 87.35% Including previously approved subdivisions, these schools will be functioning at the following capacity upon completion of the Buffalo Creek subdivision project: W.R. Irvin Elementary School - 139.88% Mt. Pleasant Middle School - 121.71% Mt. Pleasant High School - 101.92°s The Capital Improvement Plan includes a replacement school for A.T. Allen Elementary in 2009 that will provide relief to W.R. Irvin and Mt. Pleasant Elementary Schools. An addition at Mt. Pleasant High School in 2010 would add 250 seats. The CIP also includes an addition/renovation tothe Mt. Pleasant Middle School in 2010. All improvements listed above are to be funded in the 2009 fiscal year. Cabarrus County Schools operating at 110% capacity are considered to be operating at the maximum capacity. The Subdivision Lot Inventory has been updated through July of 2008. UPON MOTION of Commissioner Carruth, seconded by Commissioner Mynatt and unanimously approved, the Board voted to place the Consent Agreement for the Buffalo Creek Subdivision project on the July 21, 2008 Agenda as a Consent item. On a separate note, Ms. Morris presented an updated subdivision lot inventory. She stated it would be posted on the County website. Commissioner Carruth requested the information be provided to the Board in an Excel spreadsheet. Commerce - HOME Consortium Three-Year Renewal Agreement 6 Authorizing Ronnlnti nn Kelly Sifford, Community Development Manager, presented information related to the Cabarrus/Iredell/Rowan HOME Consortium Three-Year Renewal Agreement and Authorizing Resolution. She reported the following: every three years, this agreement must be renewed to satisfy Housing and Urban Development (HUD) regulations; the annual contract was approved by the Board in June; this 3-year agreement does not commit the County to any action; etc. UPON MOTION of Vice Chairman Mynatt and unanimously carried, the Consortium Three-Year Renewal Agreement July 21, 2008 Agenda as a Consent item. Juba, seconded by Commissioner Board voted to place the HOME & Authorizing Resolution on the 's Annual Settlement and Order Authorizing Collection of