|
<br />August 14, 2Q06 (Recessed Meeting)
<br />Page 38
<br />The Board of Commissioners for the County of Cabarrus met in recessed
<br />session for an update on the North Carolina Research Campus (NCRC) project
<br />and proposed Self Financing Bonds at the Kannapolis Train Station in
<br />Kannapolis, North Carolina on Monday, August 14, 2006, at 6:30 p.m.
<br />Present - Chairman: Robert W. Carruth
<br />Vice Chairman: Joni D. Juba
<br />Commissioners: Carolyn B. Carpenter
<br />Robert M. Freeman
<br />Absent - Commissioner: Coy C. Privette
<br />Also present were John D. Day, County Manager; Mike Downs, Deputy
<br />County Manager; Pam Dubois, Deputy County Manager; and Kay Honeycutt, Deputy
<br />Clerk to the Board.
<br />The following persons were also present: Kannapolis Officials - Robert
<br />S. Misenheimer, Mayor; Randy E. Cauthen, Mayor Pro-Tem; Council Members -
<br />Richard Anderson, Kenneth D. Geathers, Roger Haas, M. Darrell Hinnant, and
<br />Gene McCombs; City staff - Mike Legg, City Manager; Eddie Smith, Assistant
<br />City Manager; and Bridgette Bell, City Clerk.
<br />Project Consultants - Ray Waugh, of Land Design; Tom Sanctis, Vice
<br />President of Commercial Construction; Jeff Brentcoat, McGuirewoods; Lynne
<br />Safrit, Castle & Cooke, Inc.; Edward Boyles, Bank of America; and Walter
<br />Goldsten and Janice Burke, First Southwest Company.
<br />Call to Order
<br />Mayor Misenheimer called the Kannapolis City Council meeting to order
<br />at 6:95 p.m. He thanked everyone for coming and recognized the following
<br />legislative attendees: Senator Fletcher L. Hartsell, Jr., Cabarrus County
<br />Representatives Linda Johnson and Jeff Barnhart, and Rowan County
<br />Representative Fred L. Steen, 2I. He also commented on the positive aspects
<br />of the Mayors/Managers breakfast meeting held that morning.
<br />Chairman Carruth called the meeting of the Cabarrus County Board of
<br />Commissioners to order at 6:46 p.m. He stated there is a consensus of the
<br />Board of Commissioners to work with the City of Kannapolis and Castle &
<br />Cooke, Inc., to move the North Carolina Research Campus (NCRC) project
<br />forward.
<br />Mayor Misenheimer turned the meeting over to Mike .Legg, Kannapolis City
<br />Manager.
<br />Presentation Outline
<br />Mike Legg, Kannapolis City Manager, reviewed the outline of the
<br />PowerPoint presentation on the NCRC. He reported the campus will be funded
<br />in large part by David H. Murdock, sole owner of both Castle & Cooke, Inc., a
<br />real estate development firm, and Dole Food Co. Inc. He said Mr. Murdock
<br />will personally contribute a projected $1.5 billion to the campus
<br />development, including $150 million to establish a nonprofit foundation that
<br />will purchase equipment for the core laboratory and fund other not-for-profit
<br />campus activities, as well as contribute $100 million to establish a venture
<br />capital fund to help attract companies to the campus. He said the NCRC is a
<br />public-private partnership between Dole Foods and Castle & Cooke, Inc., the
<br />University of North Carolina System, Duke University, the North Carolina
<br />Community College System, the State of North Carolina, the City of Kannapolis
<br />and Cabarrus County.
<br />Campus Overview
<br />Lynne Safrit, Castle & Cooke, Inc., provided an overview and rendering
<br />of the buildings to be constructed on the research campus. The NCRC will
<br />contain: a 311,000 square feet Core Lab Building; a Central Energy Plant; the
<br />University of North Carolina (UNC) at Chapel Hill - Institute for Excellence
<br />in Nutrition; the N.C. State University Institute for Fruit and Vegetable
<br />Science; the Duke University Institute for Translational Medicine; the
<br />Charlotte Research Institute (CRI) will have a satellite office on the campus
<br />that will also provide office space for the N.C. Biotechnology Center
<br />Regional office; a private all-girls boarding high school focusing on science
<br />and math; a new Civic Building that will be the center of government for the
<br />City of Kannapolis and will also include a 1,000 seat auditorium for
<br />conferences, performing arts and a potential new state of the art library; a
<br />60,000 square feet Job Training and Education Center run by the N.C.
<br />Community College System; medical treatment facilities for Cabarrus Family
<br />
|