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October 17, 2005 - Regular Meeting Page 375 Commissioner Privette referenced quotations from entitled The Great American Job Scam and commented published by the GREENSBORO NEWS & RECORD on the use of Carolina. Greg LeRoy's on a recent incentives in book study North (G-3) Incentives Review Clay Andrews, Recruiter with the Cabarrus Economic Development Corporation (EDC), provided a historical review of the County's current incentive policy, the context for competitiveness and recommended changes to make the policy more competitive. He reviewed incentives offered by governments around the Charlotte region and compared the minimum thresholds, investment levels and time period with those offered by Cabarrus County. As outlined in the work session on October 3, he presented a number of recommendations to make the County's policy more competitive. These included a standard county-wide rebate of B5 percent, a three-year term, a minimum capital investment of $1.5 million in land and improvements and machinery and the ability to negotiate on a case-by-case basis if the investment is greater than $30 million. During his presentation, Mr. Andrews highlighted the following information: (1) Current incentives are investment performance-based and always result in a net gain to the governments; (2) Approved incentives have increased the County's tax base by more than $382,800,000.00; (3) 5,400 jobs have been created or saved as a result of the incentives; (4) Jobs are being created without a minimum clause; and (5) The Charlotte region has the second highest average manufacturing wage. Finally, Mr. Andrews distributed a list of Cabarrus County incentive grants for the period 1996 to the present showing the investment and employment projected by the companies along with the actual investment and employment. There was general discussion on the current incentive policy, granting incentives to the motorsports industry, offering incentives to telecommuters, guaranteeing the creation of jobs and becoming a bedroom community for Charlotte. Mr. Andrews reported the EDC Board has reviewed the policy but has not taken action on it. Mr. Day stated EDC's presentation to the Commissioners is the first step of a county-wide review process of the incentive program. The information will be presented to the local municipalities and brought back to the Board for further discussion at a future work session. (G-4) Resolution Relative to the Incorporation of the Odell Community UPON MOTION of Chairman Carpenter, seconded by Commissioner Privette and unanimously carried, the Board adopted the following Resolution relative to the incorporation of Odell. Resolution No. 2005-27 CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLUTION WHEREAS, citizens of the Odell Community are seeking to incorporate the Odell area to include those individuals residing within the boundaries as outlined on the attached map; and WHEREAS, under current North Carolina law, a town may be incorporated only by act of the North Carolina General Assembly subsequent to the review and recommendation by the Joint Legislative Commission on Municipal Incorporations; and WHEREAS, North Carolina General Statute 120-163 outlines the procedures that a community must follow in its efforts to incorporate, including a petition signed by 15 percent of the registered voters of the area proposed to be incorporated and verified by the Cabarrus County Board of Elections, and other information such as a proposed name for the city, proposed charter and assessed valuation; and WHEREAS, the citizens of the Odell community are aware of the process for incorporation and the Odell Incorporation Committee has advised that it filed a petition for incorporation on August 9, 2005. NOW, THEREFORE, BE IT RESOLVED that the Cabarrus County Board of Commissioners supports the rights of the citizens of the Odell community to