BC 1998 11 16 - Laserfiche WebLink

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86 At 7:43 p.m., Chairman Casper opened the public hearing concerning the proposed Agreement. The Notice of Public Hearing was published in THE INDEPENDENT TRIBUNE on November 4, 1998, and in THE CHARLOTTE OBSERVER (Cabarrus Neighbors) on November 5, 1998. Ms. Marilyn Barnhardt stated opposition to incentive packages to businesses. She complained that the incentives allow businesses not to pay their full property tax. There was no one else to address the Board, and Chairman Casper closed the public hearing at 7:45 p.m. UPON MOTION of Commissioner Barnhart, seconded by Commissioner Carpenter and unanimously carried, the Board deferred action on the commercial/retail incentive grant for Fourth Quarter Properties IV, Inc. (Agenda Item E-2) . Consideration of a Request for a Commercial/Retail/Tourism Development Incentive Grant for the Development of the "Concord Marriott" Project - Public Hearinq - 6:30 P.M. Mr. Clifton reported the "Marriott" name had been deleted from the proposed commercial/retail/tourism development incentive grant agreement. He distributed copies of a revised incentive agreement showing corrections of terminology and including the name of the new holding company, King's Grant Conference Hotel, LLC, as the developer of a commercial hotel and conference center project. Mr. Bill Burk, President of Landex, stated that Burroughs and Chapin and Interstate Combined Venture had created a limited liability corporation for the development of the commercial hotel and conference center project. He explained that Marriott has not yet signed onto the project but is the most likely and best-qualified hotel operator for the conference center. Mr. Clifton advised that the Tourism Authority is continuing negotiations for the purchase of property for an exhibition hall. He pointed out the Incentive Agreement would not bind the Tourism Authority to buy the land or to build on it after purchase. UPON MOTION of Commissioner Carpenter, seconded by Commissioner Niblock and unanimously carried, the Board approved the Incentive Grant Agreement for the King's Grant Conference Center Hotel, LLC, pursuant to the Hotel/Conference Center Development Addendum to the Cabarrus County Commercial/Retail Development Incentive Grant Program. Parties to the Agreement were Cabarrus County, the City of Concord, the Cabarrus County Tourism Authority and King's Grant Conference Hotel, LLC. The Agreement and Exhibits are on file in the Office of the County Manager and hereby included by reference'as a part of the minutes. Consideration of a Request for an Industrial Incentive Grant for The BOC Group, Inc. - Public Hearinq - 6:30 P.M. Mr. Maurice Ewing, President of the Cabarrus Economic Development Corporation, introduced Mr. Pete Garrow, Director of Real Estate for British Oxygen Corporation (BOC) . The BOC Group plans to develop a project in the Midland area on property adjacent to the new Corning facility. The City of Concord approved the water line portion of the project at its last meeting. Mr. Pete Garrow of BOC Gases presented informati6n about the company, . stating BOC is a world leader in the manufacture and supply of industrial gases and gas handling technologies. He stated the Midland facility would produce non-hazardous gases such as nitrogen, oxygen and argon and would supply products to Corning Glass as well as other industries in the area. According to Mr. Garrow, the proposed project represents a $31 million investment by BOC in Cabarrus County and would create 30 full-time jobs at an annual salary of approximately $35,000.000. At 8:08 p.m. Chairman Casper opened the public hearing on the proposed industrial incentive grant for The BOC Group and asked if anyone wished to address the Board. The Notice of Public Hearing was published in THE INDEPENDENT TRIBUNE on November 4 and in THE CHARLOTTE OBSERVER (Cabarrus Neighbors) on November 5, 1998. Ms. Marilyn Barnhardt opposed the industrial incentive grant, stating incentives were not needed to attract businesses to Cabarrus County.