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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />AUGUST 20, 2018 <br />6:30 P.M. <br />Economic Development Investment - Project Meadows — Public Hearing <br />6:30 p.m. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation <br />(EDC) will present a request for an economic development speculative <br />industrial investment for Project Meadows (Fortius-Richardson LLC) <br />pursuant to NC General Statute 158.7.1. Project Meadows proposes to <br />construct two industrial spec buildings, with a projected investment of <br />approximately $9,900,000 in real property. <br />REQUESTED ACTION: <br />Hold a public hearing. <br />Motion to approve an economic development speculative industrial <br />agreement (3 years, 85 percent) between Project Meadows (Fortius- <br />Richardson, LLC) and Cabarrus County, and to authorize the County <br />Manager to execute the Agreement on behalf of the Board, subject to <br />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 />G-3 Page 173 <br />