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December 15, 2003 Page 321 00195645-9210 $88 205.00 Retirement 00195645-9230 $3 369.00 Worker's Compensation 00195645-9235 $89 638.00 Deferred Compensation 401k 00195645-9640 $31 373.00 Insurance & Bonds 00195620-9454 $5,661 200.00 Medicaid Assistance 00165645-6204 $1,665 289.00 Soc Service Admin Reimb 00165645-6831 $60 000.00 Community Access Program Grant $2,248.00 $64.00 $2,285.00 $800.00 $30,566.00 $7,638.00 $22,915.00 $90,453 00 $3,433 00 $91,923 00 $32,173 00 $5,638,285 00 $1,695,855 00 $67,638.00 Mr. Day recognized Ms. Trish Baker, Income Maintenance Supervisor, and her staff for their work during the past year. (H-7) Remodeling of a Portion of the Former School Administration Building Mr. Jonathan Marshall, Commerce Director, presented the proposal to remodel the former school administrative offices for use by Rowan-Cabarrus Community College (RCCC). He reviewed preliminary plans developed by the architectural firm Martin Boal Anthony & Johnson (MBAJ) that create classroom and office space, a small business center and vocational and trade training areas. Phase I of the project will be the remodeling of the former maintenance area to house the heating/air conditioning and other trade classes that have experienced a large enrollment increase since the closing of Pillowtex. The estimated cost for Phase I is $160,000.00 with architectural services by MBAJ based on an hourly rate and capped at $9,800.00. Mr. Day stated the preliminary estimate for renovating the entire building is $2.9 million and the work could be completed within nine months. However, Phase I can be completed within 30 days for use by RCCC in January 2004. Mr. Tim Foley, Vice President of RCCC, responded' to questions regarding RCCC space needs. He stated the proposed remodeling would supplement the educational opportunities in Cabarrus County but would not supplant the need for the third building on the South Campus of RCCC. That building is to be constructed with State and County funds. UPON MOTION of Commissioner Privette, seconded by Commissioner Carpenter and unanimously carried, the Board approved the request to move forward with the remodeling of a portion of the former Cabarrus County Schools administrative building for use by Rowan-Cabarrus Community College at a cost not to exceed $180,000.00. (H-8) Amendment to the Cabarrus Industrial Incentive Grant Program Mr. Jonathan Marshall, Commerce Director, reviewed proposed revisions to the Cabarrus Industrial Incentive Grant Program. These revisions included the addition of a small corporate headquarters category, a facility lease provision, a change in the percentage in each category (i.e., Level 1 from 75 percent to 65 percent, Level 2 from 80 percent to 70 percent and Level 3 from 85 to 75 percent) and a reduction in the period for real property from five years to four years. The changes will make the County's program more consistent with the City of Concord program. There was discussion regarding the revised program, including the definition of ~corporate" headquarters as compared to "division" or "subsidiary" headquarters and efforts to attract small businesses rather than just large industries. Commissioner Carpenter proposed a provision that would require a company receiving a incentive to refund the money if it fails to meet specific criteria such as the number of jobs to be created and/or if the company goes out of business. During discussion, the Board addressed the potential impact of a "clawback" provision and the need for consistency of the County incentive program with those of the local municipalities. UPON MOTION of Commissioner Carruth, seconded by Commissioner Privette and unanimously carried, the Board adopted the following revised Cabarrus County Industrial Incentive Grant Program as presented. CABARRUS COUNTY INDUSTRIAL DEVELOPMENT GRANT PROGRAM I. OVERVIEW The economic welfare of the county is directly linked to the vitality, diversity and success of its businesses and industries. Cabarrus County has used financial incentives to stimulate development of new industries and expansion of existing businesses. The original program enacted in 1995 and modified in 1996 was directly or partially responsible for industrial