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GA. <br />CABARRUS COUNTY <br />BOARD <br />'-A♦HcAR♦��prr <br />n <br />November 19,2018 <br />• 1 P11 <br />AGENDA CATEGORY <br />New Business <br />SUBJECT: <br />Economic Development Investment - Project Goodman - 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 />Goodman pursuant to INC General Statute 158.7.1. Project Goodman proposes to construct <br />an industrial spec building, with a projected investment of approximately $20,000,000 in real <br />property. <br />REQUESTED ACTION: <br />Motion to approve an economic development speculative industrial agreement (3 years, 85 <br />percent) between Project Goodman and Cabarrus County, and to authorize the County <br />Manager to execute the Agreement on behalf of the Board, subject to review or revision by <br />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 193 <br />