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164 <br /> <br />WHEREAS, The County intends to request State grant and loan assistance for <br /> the project. <br />NOW THEREFORE BE IT RESOLVED, BY THE CABARRUS COUNTY BOARD OF COMMISSIONERS <br />THAT: <br /> The County will seek reimbursement for all remaining costs of the <br /> project from WSACC, if approved for a State grant and loan award. <br /> <br />The County will turn the completed system over to WSACC for <br />operation, maintenance, and administration of the system. <br /> <br />The Commissioners of the County agree to include in the loan <br />agreement a provision authorizing the State Treasurer, upon <br />failure of the County to make scheduled repayment of the loan, to <br />withhold from the County any State funds that would otherwise be <br />distributed to the local government unit in an amount sufficient <br />to pay all sums then due and payable to the State as a repayment <br />of the loan. <br /> <br />Frank Clifton, County Manager, of the County, and successors so <br />titled, is hereby authorized to execute and file an application <br />on behalf of the County with the State of North Carolina for a <br />grant or loan to aid in the construction of the project described <br />above. <br /> <br />Frank Clifton, County Manager, of the County, and successors so <br />titled, is hereby authorized and directed to furnish such <br />information as the appropriate State agency may request in <br />connection with such application or the project: to make the <br />assurances as contained above; and to execute such other <br />documents as may be required in connection with the application. <br /> <br />The County has substantially complied or will substantially <br />comply with all Federal and State grants and loans pertaining <br />thereto. <br /> <br />Adopted this 15tn day of March, 1999. <br /> <br />Attest: <br />/s/ Frankie F. Bonds <br /> <br />Frankie F. Bonds, Clerk <br />(Seal) <br /> <br />/s/ Jeffrey L. Barnhart <br />Jeffrey Barnhart, Chairman <br /> <br />NEW BUSINESS <br /> <br />Consideration of Economic Development Incentive Grant Aqreement with Roush <br />Corporation - Public Hearinq - 6:30 P.M. <br /> <br /> Chairman Barnhart stated the Board would hold the scheduled public <br />hearing concerning the request by the Roush Corporation for an industrial <br />development incentive grant. However, he recommended that the Board defer any <br />action until the City of Concord takes action on zoning related issues <br />concerning the Roush project. Board members agreed by consensus with Chairman <br />Barnhart's recommendation. <br /> <br /> At 7:05 P.M., Chairman Barnhart opened the public hearing concerning a <br />proposed economic development incentive grant agreement with Roush Racing. <br />The Public Hearing Notice was published in THE INDEPENDENT TRIBUNE on March <br />5, 1999. <br /> <br /> Mr. John Cameron, vice-President of Finance for Roush, introduced the <br />company's plans to relocate its corporate headquarters to an integrated <br />complex on Highway 29 and its request for an industrial development incentive <br />grant. He stated the company is cognizant of the issues regarding the project <br />and is willing to have dialogue with persons concerning those issues. <br /> <br /> Mr. Ian Prince, Manager of Real Estate and Development for Roush, <br />presented information concerning the history of the company and its various <br />business units, including engineering, manufacturing, marketing, licensing, <br />sponsorships, etc. The company plans to consolidate operations currently <br />housed in three North Carolina locations (Mooresville, Huntersville and <br />Liberty) and in Michigan at the proposed complex. Phase I is scheduled to <br />begin in 1999 and will consist of 11 facilities, including seven race shops, <br />at an estimated cost of $33,038,000.00 for construction and equipment. ~n <br />access loop road will provide access to the rear of the shops for car haulers <br /> <br /> <br />