BC 2007 04 02 Work Session - Laserfiche WebLink

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April 2, 2007 (Work Session) Page 322 taken on the proposed legislation until after the April 16, 2007, Board of Commissioners' meeting. Ryan McDaniels, Cabarrus Economic Development Corporation, requested a public hearing be scheduled on April 16 to consider an Industrial Development Incentive Grant request by MRN Radio, a wholly owned subsidiary of International Speedway Corporation. He said the company is considering relocating its operations from Daytona to an existing building on Akins Drive in Concord. He reported the company plans to invest $1.8 million in new equipment/upfit and bring 35 additional jobs to the County with a total of 50 to 60 employees by 2010. He reported the company will pay $11,000.00 in new taxes; receive a rebate of $9,600.00 with the County netting $1,700.00 annually. He said the proposed incentive grant will end in the fourth year with the County receiving $11,000.00 in additional tax revenue annually. Mr. McDaniels responded to a variety of questions from the Board. UPON MOTION of Commissioner White, seconded by Vice Chairman Juba and unanimously carried, the Board voted to place the request for an Industrial Development Incentive Grant for MRN (Motor Racing Network) Radio on the April 16, 2007 Agenda as a New Business item and scheduled a public hearing at 6:30 p.m. Workers' Compensation Insuranea for the EMS Medical Director Pam Dubois, Deputy County Manager, reported Cabarrus County's EMS Department is required to have a Medical Director for oversight of the EMS program pursuant to NC Administrative Code. She reported the Medical Director has asked to be covered under the County's Workmen's Compensation policy when he is providing service directly to the County. She said the County's practice has been to pay the Director as a contract employee which is not covered by the Workers' Compensation policy. She requested a 9103 (part-time employee without benefits) be created to cover the Medical Director under the County's workers' compensation policy. UPON MOTION of Commissioner Privette, seconded by Commissioner White and unanimously carried, the Board voted to place the request to establish a 9103 position to cover the Medical Director under Workers' Compensation Insurance on the April 16, 2007 Agenda as a Consent item. Budget Amendment - Reduction in Lottery Proceeds Pam Dubois, Deputy County Manager, presented a budget amendment to adjust a projected shortfall in lottery proceeds of approximately $888,652.00. She reported interest earnings on issued General Obligation bonds will be used to cover the shortfall in lottery proceeds. UPON MOTION of Commissioner Privette, seconded by Commissioner White and unanimously carried, the Board voted to place the budget amendment on the April 16, 2007 Agenda as a New Business item. Budget Amendment - Certificates of Participation Series 2003 (Pitts 662 Pam Dubois, Deputy County Manager, presented a budget amendment to transfer excess funds (interest earnings and sales tax refunds) from the 2003 Certificates of Participation (Series 2003) into the General Fund to cover debt service. UPON MOTION ofCommissioner Privette, seconded by Commissioner White and unanimously carried, the Board voted to place the budget amendment on the April 16, 2007 Agenda as a Consent item. Convention and Visitor's Bureau - Bud get Amendment $55,519.00 Convention and Visitor's Bureau - Bud get Amendment $133,000.00 Convention and Visitor's Hureau - Budg et Amendment $45,085.00 Convention and Visitor's Bureau - Budget Amendment 310.000.00 Mike Downs, Deputy County Manager, introduced Frank Lapsley, Vice Chair of the Convention and Visitor's Bureau Board of Directors and General Manager of the Cabarrus Arena ,and Events Center and DeSales Wagster, CVB Director.