|
November 19, 2018 (Regular Meeting) Page 3754
<br />UPON MOTION of Commissioner Kiger, seconded by Commissioner Shue and
<br />unanimously carried, the Board approved the refund of excise tax.
<br />(F-10) Sheriff's Office - Request to Award Service Weapons to Sheriff Brad
<br />Riley Upon Retirement
<br />Sheriff Brad Riley will retire from the Cabarrus County Sheriff's Office
<br />on November 30, 2018. Pursuant to N.C.G.S. 20-187.2, it is requested that
<br />Sheriff Brad Riley's service weapons (Smith and Wesson 38HL, serial #CFU9761442-
<br />2 and Sig Sauer P226, serial #47A036397) as surplus property and award them to
<br />Sheriff Brad Riley for a price of $1 each for a total of $2.00 upon his
<br />retirement.
<br />UPON MOTION of Commissioner Kiger, seconded by Commissioner Shue and
<br />unanimously carried, the Board declared service weapons (Smith and Wesson 38HL,
<br />serial #CFU9761442-2 and Sig Sauer P226, serial #47A036397) as surplus property
<br />and award them to Sheriff Brad Riley for a price of $1 each for a total of $2.00
<br />upon his retirement.
<br />(F-11) Tax Administration - Refund and Release Reports - October 2018
<br />The Release Report contains taxpayers' names, bill numbers, valuations,
<br />tax amounts, along with the justifications for releasing the valuation/tax
<br />amounts for outstanding levies in accordance with N.C.G.S. 105-381. The Refund
<br />Report is a summary sheet, which lists data from each refund request form, along
<br />with the justification for the refunds to the taxpayers in accordance with
<br />N.C.G.S. 105-381.
<br />Note: Due to the transition of motor vehicles onto the new North Carolina
<br />Vehicle Tax System (NCVTS), motor vehicle -related refunds and releases will
<br />begin to be displayed on the new report generated by NCVTS.
<br />UPON MOTION of Commissioner Kiger, seconded by Commissioner Shue and
<br />unanimously carried, the Board approved the October, 2018 Refund and Release
<br />Reports as submitted, including the NCVTS Refund Report, and granted authority
<br />to the Tax Collector to process the refunds and releases. The report is hereby
<br />incorporated into the minutes by reference and is on file with the Clerk to the
<br />Board.
<br />(G) NEW BUSINESS
<br />(G-1) Economic Development Investment - Project Goodman - Public Hearing 6:30
<br />p.m.
<br />Samantha Grass, Economic Development Corporation (EDC), Recruitment
<br />Project Manager, presented a request for an economic development speculative
<br />industrial investment for Project Goodman/SL Goodman Road LLC/The Silverman
<br />Group. Project Goodman proposes to construct a 600,000 square foot industrial
<br />spec building at 431 Goodman Road in Concord. The projected investment is
<br />$20,000,000 in real property. A three-year grant equivalent to 85 percent of
<br />the ad valorem taxes on the increase in real property is requested. A public
<br />hearing is required.
<br />Cabarrus County Economic Development Grant Analysis Project Goodman
<br />Year 1 I Year 2 1 Year 3
<br />Total Assessed Value 1
<br />$20,000,000.00
<br />$20,000,000.00
<br />$20,000,000.00
<br />County Taxes at .72
<br />$144,000.00
<br />$144,000.00
<br />$144,000.00
<br />Grant @ 858
<br />$122,400.00
<br />$122,400.001
<br />$122,400.00
<br />Net Taxes to County
<br />$21,600.001
<br />$21,600.00 1
<br />$21,600.00
<br />3 Year Taxes $432,000.00
<br />3 Year Grant $367,200.00
<br />3 Year Net Revenue $64,800.00
<br />Chairman Morris opened the public hearing at 7:26 p.m. The Public Hearing
<br />Notice was posted on the County's website (www.cabarruscounty. us) on November
<br />6, 2018 in accordance with Article 2, Administration, Section 2.1 (Use of
<br />Electronic Means to Provide Public Notices) of the Cabarrus County Code of
<br />Ordinances.
<br />There was no one present to address the Board; therefore, Chairman Morris
<br />closed the public hearing.
<br />UPON MOTION of Commissioner Shue, seconded by Vice Chairman Honeycutt and
<br />unanimously carried, the Board approved an economic development speculative
<br />industrial agreement (3 years, 85 percent) between Project Goodman and Cabarrus
<br />
|