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October 17, 2005 - Regular Meeting Page 376 pursue the incorporation of Odell through the process set forth by North Carolina General Statutes. Adopted this 17th day of October 2005. /s/ Carolyn B. Carpenter Carolyn B. Carpenter, Chairman Cabarrus County Board of Commissioners ATTEST: /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board The map showing the proposed Town of Odell is on file in the Office of the County Manager. There was general discussion regarding the Odell Community. Issues addressed by the Board included the following: (1) Adoption of the new zoning map and development standards that provided for one-acre lots in the community; (2) Vesting of recently approved subdivisions under the old zoning and density laws; (3) Phasing of the developments and required road improvements that were a part of the subdivision approvals; and (4) School adequacy issues. It was noted that the school adequacy information prepared by staff from the County and the school system proj ected 1,674 available seats in 2007. commissioner Juba read a letter from a property owner in the Odell area in opposition to incorporation of Odell. In the letter, the individual addressed the following: (1) Size and current zoning of the area proposed for incorporation; (2) Inability for the City of Kannapolis to annex the individual's property without special legislation or by request; (3) No additional services to be offered by the City of Odell; and (5) Additional tax bill from the City of Odell. (G-5) Advancement of School Adequacy by Portrait Homes for the Clover Road Elementary School Site Jonathan Marshall, Commerce Director, presented information on a proposal from Portrait Homes to provide a school site, including improvements, for a new elementary school off Clover Road. Portrait Homes has valued the proposed school site, including site preparation and infrastructure, at $2,060,750.00. The company has offered the property as a school site at $1.7 million and has requested the County credit the difference of $360,750.00 towards the advancement of school adequacy through a consent agreement. Mr. Marshall reported the Tax Assessor's office verified the land value, and staff is working with a civil engineer to verify the value of the improvements. Cabarrus County Schools and Portrait Homes request approval of the concept as presented to allow both parties to continue site planning. UPON MOTION of Vice Chairman Carruth, seconded by Chairman Carpenter and unanimously carried, the Board endorsed in principle the concept of crediting the amount of the value of the land and site improvements provided by Portrait Homes that is greater than the purchase price for the Clover Road elementary school site towards the advancement of school adequacy, subject to a definitive agreement between Cabarrus County and Portrait Homes. (G-6) Acquisition of Land for the Charles E. Boger Elementary School The Cabarrus County Board of Education has requested the County to transfer six acres of property on Boy Scout Camp Road to the Schools for the Charles E. Boger Elementary School. The property was purchased in 2002 from the Central North Carolina Council (Boy Scouts) for athletic fields. Also, the School Board has requested the purchase of an additional 20 acres on Boy Scout Camp Road for the new elementary school. The purchase will be funded through the $98 million school bonds passed in November 2004. UPON MOTION of Commissioner Privette, seconded by Chairman Carpenter and unanimously carried, the Board approved the transfer of six acres of property on Boy Scout Camp Road to the Cabarrus County Schools and authorized the County Manager and County Attorney to finalize the transfer of this property. Further, the Board approved the purchase of 20 acres of land on Boy Scout Camp Road for the Charles E. Boger Elementary School and adopted the following budget amendment.