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<br />(17.504 acres) and 1-9-19 (5.139 acres)] that had been acquired for the
<br />expansion project and described in the corresponding North Carolina General
<br />Warranty Deeds. Further, the Board authorized the Chairman to execute the
<br />Addendum to the Incentive Grant Agreement on behalf of Cabarrus County.
<br />
<br />Review of Site Work Costs for Three (3) New Schools
<br />
<br /> Mr. Clifton reported that site work at the three new School sites is
<br />expected to exceed original estimates by approximately $900,000.00. Some of
<br />these costs are as follows: (1) Entry road work on Rocky River Road required
<br />by North Carolina Department of Transportation (NCDOT) for Rocky River Middle
<br />School ($250,000.00 - estimated); (2) Harris Road Middle School utility line
<br />extensions to the site required by the City of Concord ($343,000.00); (3) Cox
<br />Mill Elementary School utility line extensions required by the City of
<br />Concord ($499,000.00 $200,000.00 budgeted); (4) Standpipe systems required
<br />in all three schools by City of Concord Fire Marshal ($80,000.00); and (5)
<br />Derita Road/Christenbury Road intersection improvements required by NCDOT
<br />($250,000.00 estimated). He requested authorization to use interest earnings
<br />from the $40 million Certificates of Participation (C.O.P.S.) financing to
<br />fund the site improvement overruns at the three school sites. In all past
<br />financing issues, these interest earnings were dedicated for debt service
<br />payments. Also, e.fforts will continue to secure a reduction in utility line
<br />extensions and road improvement costs.
<br />
<br /> UPON MOTION of Commissioner Privette, seconded by Chairman Fennel and
<br />unanimously carried, the Board authorized the use of excess interest earnings
<br />from the C.O.P.S. financing to fund site improvement overruns at the three
<br />school sites ~up to" $1 million.
<br />
<br />Expo Center - Update and Construction Review
<br />
<br /> Mr. Tim Demmitt of Overcash Demmitt Architects presented an update on
<br />the Expo Center project. He reviewed the following issues associated with
<br />the project: (1) Reduction in the size of the lake and lowering of the level
<br />of the dam; (2) Design of a maintenance area, including outdoor storage and a
<br />storage building, as part of the project; (3) Plans for the events center to
<br />have a concrete floor covered with dirt and a portable flooring placed over
<br />the dirt. The total project cost (including site work, events center, exhibit
<br />building, midway, support and miscellaneous, fees and contingency) is now
<br />estimated at $16,619,036~00, including a contingency of $1 million.
<br />
<br /> Mr. Clifton discussed financing options and design elements of the Expo
<br />Center. He stated that interviews with applicants for the Facility Manager
<br />position would be held later this month. Also, the architects will work with
<br />County staff in preparing an exhibit for the 2001 Fair.
<br />
<br />Review and Discussion of the Proposed Unified Development Ordinance
<br />
<br /> Mr. Marshall updated the Board on the Status of the Unified Development
<br />Ordinance ([lDO). All the cities and towns in the county, with the exception
<br />of the Town of Midland, have now adopted and implemented the UDO. Also, Mr.
<br />Marshall addressed the Agricultural (AG) zoning issue that was raised at the
<br />March 26th meeting and pointed out the proposed AG areas on the map. He
<br />explained the LIDO would not affect AG property consisting of 10 acres or
<br />less, as the same number of units (one unit per acre) would be permitted
<br />under either ordinance. However, for those parcels having over 10 acres, the
<br />UDO will permit one unit per acre for the first 10 acres and one unit per
<br />four acres for the remaining property. Stating that most of the AG property
<br />has very low suitability of soil for septic tanks, Mr. Marshall said in his
<br />opinion there would not be any reduction in property values. Further, he
<br />reported that Mr. John Patterson, County Tax Appraiser, had reviewed the AG
<br />zoning/property value issue and stated in his opinion there would be no
<br />impact on the AG property values, as property values used for tax purposes
<br />are based on large parcels of land.
<br />
<br /> Mr. Lentz discussed the housing affordability issue, including the type
<br />of new housing stock being created, the existing housing stock and the
<br />maintenance of existing housing stock. He stated that 4,700 building permits
<br />were issued,between 1990-1999 for houses at $75,000.00 or less. He also
<br />reviewed permit data for 1997-2000 for single family, multi-family, mobile
<br />homes, etc. Using the median household income of $41,781.00 as established by
<br />the 1997 United States Census Bureau, Mr. Lentz gave the following examples
<br />of affordable housing at different levels of income: Median household income
<br />- $125,000.00 house; 80 percent of median household income - $100,000.00
<br />house; 50 percent of median household income ~- $63,000 house. He advised
<br />there are currently 4,200 houses in Cabarrus County having a tax value of
<br />
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