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GA. <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERt,REGULAR MEETING{=�'ri `2r0ir0 <br />--k�AcaR'��rAd <br />niOOctober 15, 20186:30 PM <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Economic Development Investment - Project Meadows Building 1 - Public Hearing 6:30 p.m. <br />BRIEF SUMMARY: <br />Representatives from the Cabarrus Economic Development Corporation (EDC) will present <br />a request for an economic development speculative industrial investment for Project <br />Meadows Building 1 (Fortius-Richardson LLC) pursuant to INC General Statute 158.7.1. <br />Project Meadows Building 1 proposes to construct an industrial spec building, with a <br />projected investment of approximately $5,900,000 in real property. <br />REQUESTED ACTION: <br />Motion to approve an economic development speculative industrial agreement (3 years, 85 <br />percent) between Project Meadows Building 1 (Fortius-Richardson LLC) and Cabarrus <br />County, and to authorize the County Manager to execute the Agreement on behalf of the <br />Board, 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 />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Page 170 <br />