BC 2007 12 17 Regular - Laserfiche WebLink

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December 17, 2007 (Regular Meeting) Page 656 UPON MOTION of Commissioner Privette, seconded by Commissioner Mynatt, and unanimously carried, the Board accepted the Fiscal Year 2007 Comprehensive Annual Financial Report as presented. Following the presentation there was a general discussion concerning the use of the $10.8 million transferred from Fund Balance to the Capital Reserve Fund. (H-4) W3ACC - Tranefor of Non-Warranty Daeda WSACC (Water and Sewer Authority of Cabarrus County) is requesting the transfer of seven non-warranty deeds for interceptors pursuant to provisions of the "Settlement Agreement" effective 12/19/91, by and between Cabarrus County and the City of Concord, paragraph 6 whereby both parties agreed to transfer certain "Facilities and Infrastructure" including respective interests in all interceptor sewer lines and appurtenant metering stations including but not limited to the Rocky River, Coddle Creek, New Irish Buffalo Creek, Coldwater Creek, Three River/Harrisburg Outfall to WSACC upon completion of certain conditions, i.e., the formation of WSACC, EPA. Chairman White MOVED to recuse himself. He stated his employer, the law firm of Hartsell & Williams, PA, prepared the deeds. Vice Chairman Juba seconded the motion. The MOTION unanimously carried. UPON MOTION of Commissioner Mynatt, seconded by Commissioner Carruth with Vice Chairman Juba and Commissioners Carruth, Mynatt and Privette voting for and Chairman White abstaining, the Board approved the transfer of seven (7) non-warranty deeds for interceptors as requested by the Water and Sewer Authority of Cabarrus County and authorized the Chairman and the Clerk to execute the deeds. (H-5) Consent Agreement - Crescent Apartments at Kannapolis Multi-Family Apartment Project Kassie Watts, Planner, presented a Consent Agreement for Crescent Apartments at Kannapolis Multi-Family Apartment Project developed by Crescent Resources, LLC. The project, consisting of 580 apartment units on +/-58.59 acres, is located on Kannapolis Parkway and was approved by the Kannapolis Planning and Zoning Board on July 5, 2006. She reported the site plan was revised and approved by the Kannapolis Planning and Zoning Board on February 2, 2007. The Consent Agreement includes the payment of $1,331.00 per multi- family apartment unit to advance school adequacy (due in full prior to the issuance of any building permits) and the following build-out schedule: no more than 290 multi-family apartment unit building permits to be issued in 2009 and no more than 290 multi-family apartment unit building permits to be issued in 2010. Commissioner Carruth MOVED to approve the Consent Agreement between Cabarrus County and Crescent Resources, LLC for the Crescent Apartments at Kannapolis Multi-Family Apartment Project, including the payment of $1,331.00 per multifamily apartment unit to advance school adequacy, due in full prior to the issuance of any building permits, and the following build-out schedule of no more than 290 multi-family apartment unit building permits to be issued in 2009 and no more than 290 multi-family apartment unit building permits to be issued in 2010. He further moved to authorize the County Manager to execute the Agreement on behalf of Cabarrus County. Vice Chairman Juba seconded the motion. After commenting on the capacities of the elementary, middle and high schools and the shortage of water, Commissioner Privette stated his intent to vote against the motion. Commissioner Carruth pointed out the subdivision was approved by the City of Kannapolis. The MOTION carried with Chairman White, Vice Chairman Juba and Commissioners Carruth and Mynatt voting for and Commissioner Privette voting against. There was a brief discussion on the need to have a dialog with the municipalities on growth and water resources. (H-6) Consent Agreement - Rocky Glen Subdivision