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October 24, 2007 (Special Joint Meeting) Page 604 Note: Commissioner Mynatt rejoined the meeting. Joint Closed Session with Concord City Council UPON MOTION of Vice Chairman Juba, seconded by Commissioner Privette and unanimously carried, the Board moved to go into a joint Closed Session with the Concord City Council to consider an award pursuant to North Carolina General Statute X193-318.11(a)(2). UPON MOTION of Vice Chairman Juba, seconded by Commissioner White and unanimously carried, the Board moved to come out of Closed Session. Resolution Requesting Speedway Boulevard be Renamed to Bruton Smith Boulevard Vice Chairman Juba MOVED to adopt the following resolution requesting the North Carolina Department of Transportation to rename Speedway Boulevard to Bruton Smith Boulevard. Commissioner White seconded the motion. Commissioner Privette expressed his hesitancy for naming roads, etc., for people who are still among the living. The MOTION carried with Chairman Carruth, Vice Chairman Juba and Commissioners Mynatt and White voting for and Commissioner Privette voting against. Resolution No. 2007-26 RESOLUTION PASSED BY THE CONCORD CITY COUNCIL AND CABARRUS COUNTY COMMISSIONERS WHEREAS, the City of Concord and Cabarrus County are requesting the North Carolina Department of Transportation to rename Speedway Boulevard to honor Mr. 0. Bruton Smith for his contributions to the City of Concord and Cabarrus County; and WHEREAS, Bruton Smith initially served our community through the realization of a dream in building the original 1.5 mile super speedway in Cabarrus County in 1959; and WHEREAS, Mr. Smith worked diligently to regain control of the speedway in 1975 and since then has been an .innovator in motorsports by building a facility that has established the industry standard with thousands of grandstand seats, luxury suites, food concessions, as well as Smith Tower, a 135,000-square-foot, seven story facility housing a gourmet restaurant offering a scenic view of the tract and year-round condominiums located in turn one of the track; and WHEREAS, Mr. Smith created Speedway Motorsports, Inc. to expand his motorsports holdings and now has facilities in Atlanta, Bristol, Sonoma, Las Vegas and Fort Worth; and WHEREAS, Mr. Smith has also contributed to the communities where he has worked by founding the Speedway Children's Charities in 19'82, a non-profit organization dedicated to ensuring that our special children have their needs met regardless of illness, social environment, or disability; and WHEREAS, Mr. Smith has been inducted into the International Motorsports Hall of Fame, the North Carolina Business Hall of Fame in 2006 and by the National Motorsports Press Association to the Stock Car Racing Hall of Fame in 2006 to acknowledge his contributions in the racing industry; and WHEREAS, it would be most appropriate for the thousands of citizens that travel I-85 to Lowe's Motor Speedway to be reminded of Mr.. Smith and his dedication to our community and the community of racing by the renaming of Speedway Boulevard, and to further acknowledge this honor by hosting a special ceremony for Mr. Smith by the community leaders and race fans representing the City of Concord, Cabarrus County and the North Carolina Department of Transportation; NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Concord, North Carolina and the County Commissioners of Cabarrus County, North Carolina do hereby jointly request that Speedway Boulevard from I-85 to Lowe's Motor Speedway be renamed Bruton Smith Boulevard in recognition of his many efforts and accomplishments. Adopted this 29`" day of October, 2007.