BC 1988 12 28 - Laserfiche WebLink

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562 The Board of Commissioners for the County of Cabarrus met in recessed regular session at the County Courthouse in Concord, North Carolina, on Wednesday, December 28, 1988, at 5:00 P.M. Present - Chairman: James W. Lentz Commissioners: R. Giles Moss William G. Hamby, Jr. Martha H. Melvin Billy J. Simmons, Jr. Mr. H. C. Needham of CSD and Associates, Inc., and Mr. Jim Simpson of Trammell Crowe Company, co-developers of the Kings Grant project, were present to answer questions regarding the project. Mr. Simpson informed the Board that the Kings Grant project would cost approximately $500 million to develop over an eight to ten-year period and would create an estimated 8,000 jobs upon its completion. He pointed out that the development would be 41 percent residential and 46 percent commercial and industrial with the remaining property designated as flood plain and rights of way. Stating that the issue of providing utilities to the development should be resolved prior to consideration of the rezoning request on January 3, 1989, Mr. Simpson requested that the Board extend the current 75/25 percent financing agreement, which will expire on December 31, 1988, or adopt an alternative agreement for the installation of water and sewer lines. Mr. Michael M. Ruffin, County Manager, recommended that the County not participate in any of the cost for base water and sewer construction to serve a new development. He proposed that the County adopt a water and sewer extension policy whereby the cost of the minimum size water or sewer line would be paid by the developer and the cost of oversizing the utility lines for future growth would be financed by a reimbursement agreement executed between the County and the developer. Mr. Ruffin explained that water connection fees and acreage fees assessed against subsequent developers who use the lines would be remitted to the developer as reimbursement for the costs incurred in oversizing the water and sewer lines. Mr. W. E. Cochran, Jr., Consulting Engineer for the County, reported that a minimum 12-inch water line and a minimum 15-inch sewer outfall line are needed to serve the Kings Grant project. However, he recommended a 16-inch water line and a 30-inch sewer outfall line to serve future growth in that area of the county. Mr. Cochran estimated that it would cost the developer approximately $2.75 million for the water construction with a possible $299,000.00 reimbursement from future connections to the line. He further estimated the initial sewer cost at $2,204,000 with a potential $976,000.00 reimbursement from a $437.00 acreage fee assessed against future developers in that area of Cabarrus County. Mr. Jim Simpson objected to the water and sewer extension proposal by Mr. Ruffin and requested that the Board look at such other alternatives as an interim package treatment plant or some other method of financing utility extensions on behalf of the County. Mr. Kenneth F. Payne, former commissioner, objected to the water and sewer extension policy presented by Mr. Ruffin. He stated in his opinion it was the County's responsibility to pay for the installation of water and sewer and that the increased tax base from the Kings Grant development would more than pay back the County's investment. UPON MOTION of Commissioner Melvin, seconded by Commissioner Simmons and unanimously carried, the Board moved to go into Executive Session to discuss matters relating to the location or expansion of industries or other businesses in the area and possible property acquisition. The Board invited Mr. H. C. Needham and Mr. Jim Simpson to join the Board in Executive Session. UPON MOTION of Commissioner Hamby, seconded by Commissioner Simmons and unanimously carried, the Executive Session was terminated. Chairman Lentz reported that the Board had discussed land acquisition and matters relating to the location or expansion of industries or other businesses in the area. UPON MOTION of Chairman Lentz, seconded by Commissioner Hamby and unanimously carried, the Board authorized the County Attorney to enter into contracts to purchase the following property for the Coddle Creek Reservoir project pursuant to the terms and conditions set forth in each of the respective contracts.