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December 4, 2006 (Organizational/Recessed Meeting) Page 189 (E) NOTICE OF PROPQSED DEVELOPMENT FINANCING PLAN - N.C. RESEARCH CAMPUS (DEADLINE 12/5 TO OBJECT) Steve Cordell, the County's Bond Attorney, provided a general overview of the statute on Tax Increment Financing (TI F), including the establishment of a financing district and financing plan proposed by the City of Kannapolis. He reported Kannapolis has to submit a copy of its financing plan to all districts involved, including Rowan County; a copy of the plan was mailed to the County on November 7, 2006; the County has 28 days to respond to the plan, which expires on December 5, 2006. He said if the Board chooses to do nothing, Kannapolis can adopt their plan and proceed with the project. However, he. said if the Board were to vote to reject the plan, then Kannapolis cannot adopt the district or the financing plan and would have to start over. Mr. Cordell responded to several questions concerning: if and how the financing district could be changed after Kannapolis adopts the plan, the district's boundaries and would the Local Government Commission (LGC) approve the financing plan with a challenge to the constitutional amendment filed. Vice Chairman Juba made a MOTION to approve the proposed development financing plan as submitted for the North Carolina Research Campus. Commissioner Mynatt seconded the motion. Mr. Correll advised that no formal action is needed and that the Board can simply take no action. Vice Chairman Juba withdrew the motion and Commissioner Mynatt withdrew the second. (F) DISCUSSION OF PROCEEDING WITH CONSTRUCTION OF SHERIFF'S OFFICE BUILDING Chairman Carruth commented on contractually separating the Sheriff's Administration building from the inmate housing unit and constructing the Administration building while awaiting the outcome of the appeal. He said cost estimates for the Administration building could be obtained from Turner Construction by December 18 and that proceeding with the Administration building now would save a significant amount of money. Commissioner Mynatt read a prepared statement concerning the lawsuit, the size of the jail and the benefits of developing the current jail site into a mixed-used development and relocating the housing unit to another location. In her statement, she also recommended that a small committee be formed comprised of one Board of Commissioner, one City Council member, one member of the plaintiffs that filed the lawsuit, the Sheriff, a Board of Director member from the Cabarrus Regional Chamber of Commerce and the Cabarrus Economic Development Corporation, and the appropriate preservation and historic groups in the downtown area. She further recommended Vice Chairman Juba serve as the Board's representative on the proposed committee. Commissioner Privette moved to accept Commissioner Mynatt's recommendation. Commissioner Mynatt seconded the motion. The Board recognized Scott Milligan with Turner Construction and there was discussion on: how much it is costing the County to not build the jail facility, changes tothe Annex that may be needed if the housing unit is moved to another location, potential savings that could be gained by not having to spend money on appearance related issues if the housing unit was moved to another location, the concept of downtown Concord continuing to serve as the County seat or strictly becoming a historic residential community, etc. Chairman Carruth asked Vice Chairman Juba to serve on the proposed committee. Vice Chairman Juba stated she has concerns and asked for some time to think about it. There was a brief discussion on the appropriateness of having a plaintiff and City Council member on the proposed committee in light of the pending lawsuit.