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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />New Business <br />AUGUST 20, 2018 <br />6:30 P.M. <br />SUBJECT: <br />Economic Development Investment - Project Key - Public Hearing 6:30 <br />p.m. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation <br />(EDC) will present a request for an economic development investment for <br />Project Key pursuant to NC General Statute 158.7.1. Project Key <br />proposes to invest approximately $10,900,000 in real and personal <br />property and create 25 full time jobs. <br />REQUESTED ACTION: <br />Motion to approve an economic development agreement (5 years, 85 <br />percent) between Project Key and Cabarrus County, and to authorize the <br />County Manager to execute the Agreement on behalf of the Board, <br />subject to review or revision by the County Attorney. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Samantha Grass, EDC <br />Robert Carney, Jr., EDC <br />BUDGET AMENDMENT REQUIRED: <br />No <br />G-2 Page 165 <br />