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May 17, 2004 Page 465 Section 33. Authority. This Local Ordinance is enacted pursuant to applicable authority granted by the State and federal government. /s/ Robert M. Freeman Robert M. Freeman, Chairman ATTEST: Board of Commissioners /s/ Frankie F. Bonds Frankie F. Bonds, Clerk to the Board (G-2) Road Name Change (Unnamed Easement Located off Flowes Store Road to Winding Trail Lane) - Conduct Public Hearing and Consider Approval of Road Name Change - 6530 p.m. Rodger Lentz, Planning and Zoning Manager, presented the petition by Joanna Spencer for an unnamed easement (approximately 7,710 feet in length) located off the 10100 block of Flowes Store Road to be officially named Winding Trail Lane. Although only 27 percent of the property owners signed the petition, Mr. Lentz said staff recommended approval based on the following issues: (1) Petitioner has health complications that require immediate response should E-911 services have to be called; (2) There is no room to issue the petitioner an address for her residential structure because all numbers in the address range are presently being used, and the easement will inevitably have to be re-addressed; and (3) There are a significant number of residential structures on this easement. At 7:38 p.m., Chairman Freeman opened the public hearing on Winding Trail Lane. The Public Hearing Notice was published in THE INDEPENDENT TRIBUNE on May 7 and May 16, 2004. Carolyn Soalt-Zicherman reported several neighbors had discussed the naming of this easement. She suggested that one portion of the easement be named Winding Trail Lane and the other Winding Trail Place. Mr. Len~z agreed with the suggestion and recommended that the longest portion be named Winding Trail Lane and the shorter "y" shaped extension named Winding Trail Place. There was no one else present to address the Board, and Chairman Freeman closed the Public Hearing at 7:40 p.m. UPON MOTION of Vice Chairman Suggs, seconded by Commissioner Privette and unanimously carried, the Board approved the name of "Winding Trail Lane" for the longer portion of the easement off the 10100 block of Flowes StQre Road and approved the name of "Winding Trail Place" for the shorter "y" shaped extension. (G-3) Industrial Incentive Grant for Prairie Packaging, Inc. - Conduct Public Hearing and Consider Award of Incentive Grant - 6~30 p.m. On January 26, 2004, the Board held a public hearing and approved an industrial incentive grant for Prairie Packaging, Inc. (PPI) based on an anticipated investment of $25 million. Since that time, PPI has revised its plans and now proposes a project with an anticipated investment totaling approximately $59.5 million. The project is to occur in five proposed plant construction and expansion phases with incentives requested over a period of ten years. The proposed phases were as follows: Phase I - Facility $8 million and Personal Property $9 million; Phase II - Personal Property $8 million; Phase III - Facility $13.5 million and Personal Property $7 million; Phase IV - Personal Property $7 million; and Phase V - Personal Property $7 million. The Board tentatively approved the proposed incentives at its meeting on March 15, subject to a public hearing. Ryan McDaniels of the Cabarrus Economic Development Corporation (CEDC) presented a brief overview of the 'PPI project. He stated Cabarrus County is in competition with Gaston County, North Carolina and York County, South Carolina, for the project. Carl Parmer, Harrisburg Town Administrator, reported the Town Council had approved a similar incentive package for PPI. A meeting is scheduled with the President of PPI on Tuesday to further discuss the project. Ms. Porter and Bill Kouri, Cabarrus County Audit/Business Personal Property Manager, reviewed how the incentive grant would be calculated. Mr. Kouri said the incentive grant exhibit presumes that each phase of construction would be completed within a 12-month period and the grant would