BC 1999 02 19 - Laserfiche WebLink

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153 Mr. Brian Hiatt, Concord City Manager, reported the Concord City Council supported the draft proposal as presented by Mr. Clifton with some changes, including: (1) Elimination of rolling stock; (2) Maintaining the $5 million threshold; (3) Establishing some type of pre-application meeting; (4) Specific project recommendation from Maurice Ewing~ and the EDC Board; and (5) Demonstration by the grantee that the incentives received for personal assets (e.g. upgrade of equipment) would not result in a net loss of jobs. Mr. David Hales, Kannapolis City Manager, stated the Kannapolis City Council supported the continuation of the current industrial incentive program but would consider minor modifications to the program. He expressed concern that elimination of the program would negatively impact the City. There was lengthy discussion regarding the current program and proposed changes. The Board discussed such issues as the grant threshold, reporting procedures, depreciation of equipment, the desirability of the company seeking to locate in the county, a pre-application process, the time schedule for implementing a grant and the type of analysis for specific incentive requests. The Board took no formal action to amend the current Industrial Incentive Program, but did agree for all members to submit a list of those issues they would like to see addressed in a revised program to Mr. Clifton by the end of the day on February 20. Mr. Clifton will use this information to prepare a new revised program "draft" that will be provided to Board members and other interested parties for review and comments. Adequate Public Facilities Mr. Marshall reviewed the current Adequate Public Facilities Ordinance (APFO) and presented an overview of the draft of Article 6 "Design and Improvement Standards" of the Unified Development Ordinance (UDO). The County and local municipalities are currently working to develop the UDO. There was general discussion regarding the AFPO, including how to determine "what is adequate" for the County in terms of schools, public facilities, services, etc. The Board also discussed the legality of the current APFO, enforcement issues and the use of the same AFPO in Currituck County. Mr. Ed Hill, Chairman of the Cabarrus County Planning and Zoning Commission, presented a Resolution adopted by the Planning and Zoning Commission supporting the continuation of the current APFO until the new UDO is in place. There was general consensus for staff to continue work on the new UDO. Chairman Barnhart asked Board members to share any concerns and/or questions regarding the new UDO with Jonathan Marshall. Upon completion, the UDO will be brought back to the Board for review and approval. The Board took no action concerning the existing APFO. Financial Overview Mr. Blair Bennett, Deputy County Manager for Administration, presented an overview of the financial status of the county. He presented information regarding assessed valuation, sales tax revenue growth and distribution, the impact of the tax levy on the sales tax distribution, growth in revenues and expenses over the past ten years, fund balance and current policy, the recommended establishment of a capital reserve fund for future capital projects, debt per capita, debt service, impact of revaluation and the comparison of Cabarrus and Iredell counties concerning school funding, tax valuation and tax rate. As a result of the revaluation, Mr. Clifton advised that the projected equivalent tax rate would be approximately 62 cents. The current rate is now 70 cents per $100 valuation. Recess of Meetinq At 11:15 P.M., Chairman Barnhart recessed the meeting until 8:30 A.M. on Saturday, February 20, 1999. Clerk to the Board