BC 2007 03 26 Regular - Laserfiche WebLink

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March 26, 2007 (Regular Meeting) Page 309 been a 0~ increase in medical trend that has coincided with the creation of the Employee Health Center. While the experience has continued to improve in 2006-2007, CIGNA recommends an increase of 17 percent. Given the county medical insurance reserve, Mark III Brokerage is agreeable to an increase of 13 percent. UPON MOTION of Commissioner White, seconded by Commissioner Privette and unanimously carried, the Board approved staff recommendations to increase the premium for Health Insurance - total plan increase of 13 percent with no change in the benefit design, nor any increase in employee contributions to dependent coverage. The result of the recommendation for the medical plan is an increase in county funding of 15 percent to $512.00 per employee per month and a 0 percent increase in employee contributions. (F-23) Proposal to Require Employees to Pay a Portion of Health Insurance Premiums and Offer an Offsetting Discount for Employees Who are Non-Tobacco Ueera (F-24) Consent Agreement - Beckenham Subdivision Items F-23 and F-29 were moved to New Business. (G) NEW BUSINESS (G-1) Industrial Development Incentive Grant - Carolina Tractor & Equipment Company Ryan McDaniels,. Director of Cabarrus Economic Development Corporation (EDC), reported Carolina Tractor & Equipment Company is considering relocating its corporate headquarters to Cabarrus County, specifically to the southwest corner of Poplar Tent Road and Derita Road. He said the new $6.5 million 50,000 square foot facility is phase one of the relocation and brings 100 new jobs to the county. He reported in year one, the company will pay $41,000.00 in new tax revenue; the County will rebate $39,000.00; netting the County $6, 000.00 in new tax revenue. He said the grant will last for three years with the County receiving the full tax benefit of $91,000.00 in the fourth year. Mr. McDaniels responded to questions from the Board. At 7:07 p.m., Vice Chairman Juba opened the public hearing on the Industrial Development Incentive Grant for Carolina Tractor & Equipment Company. The Public Hearing Notice was published on March 15, 2007 in the INDEPENDENT TRIBUNE and on March 18, 2007 in THE CHARLOTTE OBSERVER (Cabarrus Neighbors). Harold Smith of 108 Edinburg Drive, Kannapolis, expressed opposition to any request for tax incentives. He claimed tax incentives are unfair to taxpayers and are against the Republican platform. Larry Marlow of Odell School Road stated Derita Road needs to be made into a four-lane highway. He said there are several more businesses headed for Derita Road including a Super Wal-Mart and the road cannot handle all the additional traffic. He asked the Commissioners to help get the road improved. There was no one else to address the Board; therefore, Vice Chairman Juba closed the public hearing. Commissioner White MOVED to approve the incentive grant subject to the negotiation and execution of a definitive agreement between Cabarrus County and Carolina Tractor. & Equipment Company, as outlined in the Industrial Development Grant Program, with authorization granted to the County Manager and County Attorney toconclude the negotiations. Commissioner Mynatt seconded the motion. Commissioner Privette commented on the high tax rate of Mecklenburg County and said a tax-incentive is not needed. He also quoted Paul O'Neil, CEO of ALCOA, Senator David Hoyle, Chairman of the Senate Finance Committee and stated his intent to vote against the motion. The MOTION carried with Vice Chairman Juba and Commissioners Mynatt and White voting for and Commissioner Privette voting against. (G-2) HOME Program Public Hearing