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May 21, 2007 (RegularMeeting) Page 361 With there being no one else to address the Board, Chairman Carruth closed that portion of the meeting at 8:09 p.m. The following letters of support were submitted: May 18, 2007 Cabarrus County Commissioners Cabarrus County Governmental Center 65 Church Street, NE Concord, North Carolina 26025 Dear County Commissioners, I am writing to you today to ask you to fully support the bond package ($168 million) to assist with building the Research Campus. As you know, the Community Colleges stood tall with Cabarrus County and the surrounding community during the Pillowtex layoffs. While some may not like the fact that textiles are leaving America, it is a fact of the new global, knowledge economy. The Community Colleges again are ready to support your county with retraining the workforce for the new jobs to come. It is clear to me that the Research Campus will positively impact the lives of every individual living in Cabarrus County and your support for the campus is critical. You have a once in a lifetime opportunity to leave a legacy of progress and prosperity for the people that count on you for leadership. Thank you for your service and I look forward to a positive outcome. With kindest regard, I am Sincerely, H. Martin Lancaster North Carolina Community College System May 21, 2007 Mr. Robert Carruth Chairman of the Board of County Commissioners Cabarrus County Post Office Box707 Concord, North Carolina 28026-0707 Dear Chairman Carruth, I understand that the Cabarrus County Board of Commissioners is considering using project development financing to assist in the development of public infrastructure for the North Carolina Research Campus in Kannapolis. As you know Amendment One, which gave local governments the right to use project development financing, was approved by the General Assembly and by statewide referendum in November 2009. The legislation authorizing this economic development tool was recommended by the North Carolina Economic Development Board in 2002 and received broad support from a coalition of business and economic development interests as it made its way through the legislature and the public referendum process. The North Carolina Research Campus presents a unique opportunity to revitalize and transform the economy of Kannapolis and Cabarrus County. I am pleased that you are considering using project development financing for this effort. While I am not familiar with all of the details of the proposal before you, this is generally the type of private economic development project this tool was intended to be available for. As a local government agency, you are uniquely positioned to know and understand what efforts make the most sense economically for