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October 1, 2007 (Work Session)
<br />Page 563
<br />The Board of Commissioners for the County of Cabarrus met for an Agenda
<br />Work Session in the Multipurpose Room at the Cabarrus County Governmental
<br />Center in Concord, North Carolina on Monday, October 1, 2007, at 3:36 p.m.
<br />Present - Chairman: Robert W. Carruth
<br />Vice Chairman: Joni D. Juba
<br />Commissioners: Grace M. Mynatt
<br />H. Jay White, Sr.
<br />Absent - Commissioner: Coy C. Privette
<br />Also present were John Day, County Manager; Richard M. Koch, County
<br />Attorney; Mike Downs, Deputy County Manager; Pam Dubois, Deputy County
<br />Manager; Kay Honeycutt, Clerk to the Board; and Lori Hinson, Deputy Clerk to
<br />the Board.
<br />Chairman Carruth called the meeting to order at 3:36 p.m.
<br />Industrial Development Incentive Grant - Overhead Door Company of Charlotte
<br />Ryan McDaniels, with the Economic Development Corporation (EDC),
<br />presented information on an Industrial Development Incentive Grant request by
<br />Overhead Door Company of Charlotte. He said the company, currently located
<br />in Charlotte, is considering the construction of a 50,000 square foot
<br />facility in Harrisburg with a total investment of approximately $4.35 million
<br />(real estate - $2.85 million; equipment - $1.5 million) and plans to employ
<br />approximately 120 full-time employees and 100 part-time employees. He
<br />pointed out the company does not have a facility in Cabarrus County and does
<br />not employ any county residents at this time. Next, he reviewed the
<br />following grant analysis:
<br /> Year 1 Year 2 Year 3 Year 9
<br />Total Assessed Value $4,350,000.00 59,350,000.00 $9,350,000.00 $9,350,000.00
<br />County Taxes at .63 527,905.00 $27,905.00 527,905.00 527,905.00
<br />Incentive @ 85$ 523,299.25 523,299.25 523,299.25
<br />Net Taxes to County $9,110.75 $9,110.75 $9,110.75 $27,905.00
<br />This document is for calculat ion purposes only. The numbers 3 Year Taxes $82,215.00
<br />computed here are estimated based on general assumptions
<br />provided by the client, the Cabarrus county Tax office and the
<br />rants ma
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<br />Incentive
<br />$69,882.75
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<br />vary. Incentives subject to CEDE approval and governmental
<br />body approval. _
<br />3 Year Net
<br />Revenue
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<br />$12,332.25
<br />Mr. McDaniels and John Cox, also with the EDC, responded to a variety
<br />of questions from the Board.
<br />UPON MOTION of Commissioner White, seconded by Vice Chairman Juba and
<br />unanimously carried, the Board voted to place the Industrial Development
<br />Incentive Grant request for Overhead Door Company of Charlotte on the October
<br />15, 2007 Agenda as a New Business item and scheduled a public hearing.
<br />Locust Subdivision - Adequate Public Facilities Ordinance Alternative
<br />Jonathan Marshall, Commerce Director, reported The Villages at Red
<br />Bridge, is a subdivision project that was annexed by the City of Locust many
<br />years ago and at the time of annexation, the subdivision had been proposed,
<br />but no activity had occurred. As best as can be determined, he said the
<br />subdivision project was approved by Locust after the County extended its
<br />Adequate Public Facilities regulations in 2004 to the Cabarrus County portion
<br />of Locust. He further reported that Locust provided Kassie G. Watts, County
<br />Planner, with the initial design approval date of March 2005. He said
<br />questions arose and additional information was requested from Locust. He
<br />also commented on the County Attorney's involvement to determine the exact
<br />approval date and whether or not the County's ordinance is applicable. As
<br />best as can be determined, he said the regulations are applicable.
<br />John Day, County Manager, reported the approval date must be determined
<br />in order to apply the appropriate adequacy contribution amount. He said
<br />determining the appropriate date is complicated by the following factors:
<br />the amount of time that has lapsed since the initial approval was given; and
<br />the fact that the developer is not comfortable paying the $9,034.00 per lot
<br />amount and would rather pay the $1, 008.00 amount. He also reported on an
<br />alternate that had been proposed concerning Cabarrus County students
<br />attending Stanley County schools and identified the following reasons for
<br />considering the proposal: (1) the subdivision is predominately located in
<br />Stanley County; (2) there are schools in close proximity to the development;
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