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52 Presentation of the 1995 Building and Growth Data for Cabarrus County - Mr. Jonathan Marshall & Ms. Mary OVDonnell Mr. Marshall and Ms. Mary OVDonnell presented the Cabarrus County growth and population statistics for 1995. Ms. O~Donnell reviewed a number of charts and graphs showing the type and amount of growth in Cabarrus County, including construction values, number of residential building permits and a compilation of building permits by type and distributed to census tracts. Current population was estimated at slightly over 118,000 people. The total estimated value of construction for the county in 1995 was $182,131,536. Presentation of the Fiscal Impacts of Growth Report - Tischler & Associates Mr. Paul Tischler of Tischler & Associates presented a summary of findings of capital costs due to growth in Cabarrus County. The report classified Cabarrus County in the three geographic areas of rural, transitional and urban with capital costs to the County for providing residential services in each of the areas as follows: Multifamily Unit - Urban (Assumes 50 Units) $3,332.00 per unit; Single Family Unit - Rural (Assumes 250 units) - $7,163.00 per unit; and Single Family Unit - Transitional (Assumes 1,500 units) $18,522.00 per unit. Mr. Tischler suggested that the County consider a full fiscal analysis in order to calculate operating expenses along with the capital costs. He further suggested that the County evaluate revenue alternatives for school construction, including such items as a supplemental school property tax, a school impact fee, a dedicated real estate transfer tax and an interim service fee for new houses. Mr. Douglas Porter, with Tischler & Associates, gave a brief overview of growth management techniques, including residential downsizing in selected areas, the development of an adequate public facilities ordinance and developer contributions/exactions. He stressed the importance of public/private cooperation to meet the needs associated with the rapid growth in the county. Mr. Clifton suggested the appointment of a task force to pursue the issue of growth management and to build consensus relative to the best approach to meet the needs of the county. The task force would include representatives from the county, the municipalities, homebuilders, realtors and others directly impacted by growth management. There was general discussion by the Board about the need to develop alternative revenue sources to meet the school construction needs. The Board discussed the two options of school impact fees and interim service fees for new homes. Mr. Hartsell explained the difficulty in determining the appropriate fee to be imposed as a school impact fee. Also, it was noted during discussion that the services of a consultant could be required to provide appropriate statistical analysis in determining the appropriate school impact fee. After discussion, there was gemeral consensus for the Chairman and the County Manager to make recommendations to the Board regarding the composition of the proposed task force to study the issue of growth management. Also, Board members were asked to think about who should serve on the task force. Proposal by Lake Concord Venture, LLC Mr. Ken Argo, Chairman of the Kannapolis Economic Development Commission, presented an overview of work completed during the past year involving a proposal by Lake Concord Venture to build a signature golf course on the Lake Concord property. He stated that the Kannapolis Economic Development Commission and the Kannapolis City Council have agreed in principle to the proposal. Ms. Sheryl Bayko, partner of Lake Concord Venture, LLC, presented the proposal for Lake Concord Venture to purchase approximately 221 acres of County property surrounding Lake Concord at a cost of approximately $10,000.00 per acre. This property would be used along with an additional 340 acres for the development of a Nick Price signature championship golf course and residential community. The project is expected to add $1 million to the CountyVs tax base and provide 65 new jobs in the county. Ms. Bayko reported that alternative sites are currently being sought for a public park and school which had been planned for the Lake Concord property. Also, she stated that the company will contribute $500,000.00 for park development and $120,000.00 towards the purchase of the new school site.