BC 2007 03 26 Regular - Laserfiche WebLink

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March 26, 2007 (Regular Meeting) Page 313 There was further discussion on including this funding request in TIF (Tax Increment Financing) request from the City of Kannapolis and delays associated with not issuing COPS (Certificates of Participation) in the winter of 2008. Commissioner White MOVED to table the request for architectural funds until the Board has an opportunity to speak to the City of Kannapolis concerning the County's intention to include this project in the Tax Increment Financing requested for the N.C. Research Campus. Commissioner Privette seconded the motion. Commissioner Mynatt stated she supports tabling the item, but not for the reasons identified by Commissioner White. Vice Chairman Juba asked if the Board was agreeable to meeting with Kannapolis in April. Commissioner White expressed support for the meeting with Kannapolis and commented on how issues are addressed by hitting targets that continually pop up instead of making a plan and working it through. The MOTION unanimously carried. (G-6) Request for Additional Land £or Sohool Bua Garaoe UPON MOTION of Commissioner White, seconded by Commissioner Privette and unanimously carried, the Board tabled the request for additional land for a school bus garage until its April 16, 2007 regular meeting as requested by Cabarrus County Schools. (G-7) Midland Volunte®r Fire Department Requests an Interest-free Loan from Cabarrus County to Construct a Fire Station Steve Langer, Assistant County Fire Marshal, highlighted the following information he presented to the Board at its work session: failure of the 9S Inspection by several of the County's volunteer fire departments for having service areas outside their 5-mile perimeter; redrawing of the fire insurance districts; approval of the new district maps by the Department of Insurance; construction of a new .fire department in Midland; and lower insurance ratings for citizens. Allen Burnette, Chief, of Midland Volunteer Fire and Rescue (VER), requested a 15-year $900,000.00 interest-free loan to build a fire station on Highway 24/27 to provide services for unprotected areas in southern Cabarrus County. He reported on the number of acres, parcels and structures that will go to a Class 9 and Class 10 (unprotected) rating effective July 1s`. He also identified the cost difference between a Class 6 and a Class 9 and 10 for residential fire insurance. Further, he reported the Department has already incurred approximately $117,000.00 in expenses for the new fire station; the Department will cover any expenses over the loan amount of $900,000.00; and the Department isaggressively pursuing donations of goods and services from the community. Mr. Burnette responded to several questions from the Board and reviewed the term of the loan as follows: amount - $900,000.00; interest rate - zero; term - 15 years; number of payments - 180; payments for years 1-5 - $3,000.00 per month; years 6-15 - $6,000.00 per month; and includes a 5-year loan recall provision. UPON MOTION of Commissioner Privette, seconded by Commissioner White and unanimously carried, the Board approved the request by Midland Volunteer Fire and Rescue for a.$900,000.00, 15-year interest-free loan to construct a fire station on Highway 29/27 as presented. (G-S) Consent Agreement - Rustic Canyon Subdivision Kassie G. Watts, Planner, presented a Consent Agreement for Rustic Canyon Subdivision and reported the developer, Mike Shea with Shea Homes, LLC, is present to respond to questions the Board may have. She reported the subdivision was approved by the Cabarrus County Planning and Zoning Board on July 20, 2006, consists of 997 single-family lots on +/-326.991 acres and is located on Zion Church Road. She said the payment to advance school adequacy is $9,039.00 per lot and is due at final platting. She reported the Board tabled the Consent Agreement at its February meeting and asked staff to work with the developer to revise their phasing scheduled. She presented the following revised build-out schedule: more than 35 lots to be platted in