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234 The Board of Commissioners for the County of Cabarrus met in recessed session in the Multi-Purpose Room at the Cabarrus County Governmental Center in Concord, North Carolina on Monday, June 14, 1999, at 7:00 p.m. Present - Vice Chairman: Arne L. Fennel Commissioners: Carolyn B. Carpenter Coy C. Privette Absent Chairman: Jeffrey L. Barnhart Commissioner: Sue B. Casper Also present were Mr. Frank W. Clifton, Jr., County Manager; Mr. Don Moorhead, Human Resources Director; Ms. Cathie K. Straub, Budget Officer; and Mrs. Frankie F. Bonds, Clerk to the Board. Vice Chairman Fennel called the meeting to order at 7:00 p.m. He commented on the tragic death of David and Anne Drye, Mark Carlson and the pilot in an airplane crash this afternoon. He expressed sympathy to their families. The Board observed a moment of silence in memory of Mr. and Mrs. Drye, Mr. Carlson and the pilot who died in the plane crash. Commissioner Privette presented a prayer for the accident victims and their families. Public Hearinq - Industrial Incentive Grant Vice Chairman Fennel opened the public hearing concerning the Industrial Development Incentive Grant for Southeastern Packaging Company in Harrisburg. The proposed Incentive Grant Agreement was among Cabarrus County, the Town of Harrisburg and Southeastern Packaging Company. The Notice of the Public Hearing was published in THE INDEPENDENT TRIBUNE and THE CHARLOTTE OBSERVER (Cabarrus Neighbors) on June 1, 1999. Mr. Maurice Ewing, President of the Cabarrus Economic Development Corporation, introduced the proposed expansion of Southeastern Packaging Company. He stated the proposed project involved $1.6 million in real estate expansion and currently over $15 million in machinery and equipment upgrades and replacements. According to Mr. Ewing, the proposed expansion would create eight (8) to twelve (12) new jobs as well as preserve and protect 130 existing jobs. Mr. Dean Jolley, Vice Chairman and Chief Financial Officer for Southeastern Packaging Company, and Mr. Steve Weitzner of Ernst & Young LLP presented information concerning the history of Southeastern Packaging, its operation and its proposed expansion and upgrade of building, machinery and equipment in Harrisburg. They explained the upgrade of both the equipment and the facility would enable the company to increase its productivity and efficiency, remain competitive and secure jobs for its current employees. Mr. Weitzner stressed the importance of the requested IDI grant in the company's decision to remain at its current Harrisburg location. There was no one else present who wished to address the Board, and Vice Chairman Fennel closed the public hearing. There was discussion regarding the proposed incentive grant to Southeastern, including the expansion of an existing business, preservation of 130 jobs, a positive tax cash flow for the County, infrastructure already in place, the fairness of government providing incentives to private companies and questions regarding the need for incentives due to the County's prime location and economic growth. The motion by Commissioner Carpenter to approve the incentive grant proposal for Southeastern Packaging Company under the County's old Industrial Development Incentive Program died for the lack of a second. The motion by Commissioner Privette to delay action on the Southeastern proposal until the Board meeting on June 21, 1999 died for the lack of a second. UPON MOTION of Vice Chairman Fennel, seconded by Commissioner Carpenter with vice Chairman Fennel and Commissioner Carpenter 'voting for and Commissioner Privette voting against, the Board approved pursuant to the County's new Industrial Development Incentive Grant Program (adopted June 1, 1999) the Industrial Development Incentive Grant Agreement among Cabarrus County, the Town of Harrisburg and Southeastern Packaging Company. The Agreement is on file in the Office of the County Manager and included by reference as a part of the minutes.