February 21, 2011 (Regular Meeting) Page 308 ... - Cabarrus County
February 21, 2011 (Regular Meeting) Page 308 ... - Cabarrus County
February 21, 2011 (Regular Meeting) Page 308 ... - Cabarrus County
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<strong>February</strong> <strong>21</strong>, <strong>2011</strong> (<strong>Regular</strong> <strong>Meeting</strong>)<br />
<strong>Page</strong> 318<br />
STEWART DAVID AARON<br />
STEWART DAVID AARON<br />
STEWART DAVID AARON<br />
TABOR MARK ALAN<br />
TABOR MARK ALAN<br />
TANDARICH JASON ANDREW<br />
TANDARICH JASON ANDREW<br />
TANDARICH JASON ANDREW<br />
TANDARICH JASON ANDREW<br />
TARDIF DAVID JAMES<br />
TARDIF DAVID JAMES<br />
TARDIF DAVID JAMES<br />
TARDIF DAVID JAMES<br />
THOMAS KEITH ALAN<br />
THOMAS KEITH ALAN<br />
THORICHT DOUGLAS ALLEN<br />
THORICHT DOUGLAS ALLEN<br />
THRASHER FARRAR CHARLES<br />
THRASHER FARRAR CHARLES<br />
TRULL RONALD DAVID<br />
TRULL RONALD DAVID<br />
TRULL RONALD DAVID<br />
TUMGEON RAPEEPORN<br />
TUMGEON RAPEEPORN<br />
VAUGHN PHILIP REEVES JR<br />
VAUGHN PHILIP REEVES JR<br />
VAUGHN RICHARD DALE JR<br />
VAUGHN RICHARD DALE JR<br />
VAUGHN RICHARD DALE JR<br />
VELOZ JOHN AMABLE<br />
VELOZ JOHN AMABLE<br />
VELOZ JOHN AMABLE<br />
WARE PATRICIA ELIZABETH<br />
WARE PATRICIA ELIZABETH<br />
WATTS LUTHER JR<br />
WATTS LUTHER JR<br />
WEISS BILLIE JO<br />
WEISS BILLIE JO<br />
WHETSTONE RICHARD C &<br />
WHITE TERRY JEROME<br />
WHITE TERRY JEROME<br />
WHITE TERRY JEROME<br />
WHITE TERRY JEROME<br />
WICKLUND KYLE GERARD<br />
WICKLUND KYLE GERARD<br />
WICKLUND KYLE GERARD<br />
WICKLUND KYLE GERARD<br />
WICKLUND KYLE GERARD<br />
WICKLUND KYLE GERARD<br />
WOJTALIK RICHARD EDWARD<br />
WOJTALIK RICHARD EDWARD<br />
WOOLLEN STEPHEN<br />
WOOLLEN STEPHEN<br />
10-613757 SITUS ERROR/REL TO MECK CO<br />
10-613757 SITUS ERROR/REL TO MECK CO<br />
10-613757 SITUS ERROR/REL TO MECK CO<br />
10-600229 PRORATED FOR 9 MONTHS<br />
10-600229 PRORATED FOR 9 MONTHS<br />
09-631606 PRORATED FOR 8 MONTHS<br />
09-631606 PRORATED FOR 8 MONTHS<br />
10-530011 PRORATED FOR 9 MONTHS<br />
10-530011 PRORATED FOR 9 MONTHS<br />
10-603939 PER PURCHASE PRICE<br />
10-603939 PER PURCHASE PRICE<br />
10-603939 RELEASED 8 MONTHS<br />
10-603939 RELEASED 8 MONTHS<br />
10-598796 SOLD REL 9 MONTHS<br />
10-598796 SOLD REL 9 MONTHS<br />
09-613367 REPOSSESSED REL 9 MONTHS<br />
09-613367 REPOSSESSED REL 9 MONTHS<br />
10-601729 VALUE APPEAL-HIGH MILES<br />
10-601729 VALUE APPEAL-HIGH MILES<br />
10-614612 RELEASED TO ROWAN COUNTY<br />
10-614612 RELEASED TO ROWAN COUNTY<br />
10-614612 RELEASED TO ROWAN COUNTY<br />
10-595703 RELEASED TO MECKL COUNTY<br />
10-595703 RELEASED TO MECKL COUNTY<br />
10-594731 VALUE APPEAL-HIGH MILES<br />
10-594731 VALUE APPEAL-HIGH MILES<br />
10-572970 VEHICLE SOLD REL 11 MONTHS<br />
10-572970 VEHICLE SOLD REL 11 MONTHS<br />
10-572970 VEHICLE SOLD REL 11 MONTHS<br />
10-550716 PRORATED FOR 6 MONTHS<br />
10-550716 PRORATED FOR 6 MONTHS<br />
10-550716 PRORATED FOR 6 MONTHS<br />
09-654793 RELEASED 5 MONTHS<br />
09-654793 RELEASED 5 MONTHS<br />
10-530587 PRORATED FOR 8 MONTHS<br />
10-530587 PRORATED FOR 8 MONTHS<br />
09-592680 PRORATED FOR 6 MONTHS<br />
09-592680 PRORATED FOR 6 MONTHS<br />
09-099719 IN ERROR<br />
10-513076 TRADED REL 6 MONTHS<br />
10-513076 TRADED REL 6 MONTHS<br />
09-622296 SOLD REL 5 MONTHS<br />
09-622296 SOLD REL 5 MONTHS<br />
10-578524 PER PURCHASE PRICE<br />
10-578524 PER PURCHASE PRICE<br />
10-578524<br />
10-578524<br />
10-578524 PER PURCHASE PRICE<br />
10-578524 PER PURCHASE PRICE<br />
10-604241 SITUS CHANGE-FRll<br />
10-604241 SITUS CHANGE-FRll<br />
10-594120 PER PURCHASE PRICE<br />
10-594120 PER PURCHASE PRICE<br />
C ADVLTAX<br />
CIOIADVLTAX<br />
FR19ADVLTAX<br />
C ADVLTAX<br />
FR04ADVLTAX<br />
C ADVLTAX<br />
CI04ADVLTAX<br />
C ADVLTAX<br />
CI04ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI04ADVLTAX<br />
KTAGFFEEFEE<br />
C ADVLTAX<br />
FR04ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
C GARNFEE<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CIOIADVLTAX<br />
FR19ADVLTAX<br />
C ADVLTAX<br />
CI04ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C LEGLFEE<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
C ADVLTAX<br />
CI02ADVLTAX<br />
CI02ADVLTAX<br />
CTAGFFEEFEE<br />
C ADVLTAX<br />
FRI1ADVLTAX<br />
128.71<br />
25.54<br />
15.32<br />
6.85<br />
.43<br />
23.94<br />
18.62<br />
43.71<br />
34.00<br />
306.16<br />
204.11<br />
5.89<br />
3.93<br />
16.39<br />
10.93<br />
43.00<br />
28.67<br />
15.34<br />
10.23<br />
93.56<br />
72.77<br />
15.00<br />
11.97<br />
.76<br />
22.96<br />
15.31<br />
16.29<br />
27.50<br />
10.85<br />
22.77<br />
4.52<br />
2.71<br />
2.83<br />
2.20<br />
3.45<br />
2.29<br />
4.50<br />
3.00<br />
333.08<br />
36.18<br />
24.12<br />
4.60<br />
3.06<br />
311. 60<br />
207.73<br />
-311. 60<br />
-207.73<br />
310.28<br />
206.85<br />
<strong>21</strong>2.30<br />
15.00<br />
255.47<br />
12.17<br />
(G)<br />
NEW BUSINESS<br />
(G-l) EDC - Economic Development Grant Request for S.P. Richards Company and<br />
Public Hearing - 6:30 P.M.<br />
Ryan McDaniels, of the <strong>Cabarrus</strong> Economic Development Corporation (EDC) ,<br />
presented the following information related to a request for an Economic<br />
Development Grant (3 years/85 percent) for S. P. Richards Company (Genuine<br />
Parts Company), a wholesale distributor: the company plans to construct a<br />
200,000 square foot distribution center with a total investment of $11.8<br />
million ($10 million real estate and $1.8 million equipment) in<br />
Kannapolis on the commercial side of the Super Target shopping center; and<br />
the company plans to create 66 new full time positions with an average wage<br />
of $18.75/hour for clerical, warehouse and drivers (53 FTE's) and<br />
$87,OOO/year for managers, supervisors and sales (13 FTE's) He also<br />
reviewed the following grant analyses:<br />
<strong>Cabarrus</strong> <strong>County</strong> Economic Development Grant Analysis<br />
Real Property<br />
Year 1 Year 2 Year 3<br />
Total Assessed Value $10,000,000.00 $10,000,000.00 $10,000,000.00<br />
<strong>County</strong> Taxes at .63 $63,000.00 $63,000.00<br />
$63,000.00<br />
Grant @ 85% $53,550.00 $53,550.00<br />
$53,550.00<br />
Net Taxes to <strong>County</strong> $9,450.00 $9,450.00<br />
$9,450.00<br />
3 Year Taxes<br />
3 Year Grant<br />
3 Year Net Revenue<br />
Year 4<br />
$10,000,000.00<br />
$63,000.00<br />
$63,000.00<br />
$189,000.00<br />
$160,650.00<br />
$28,350.00<br />
<strong>Cabarrus</strong><br />
Personal<br />
<strong>County</strong> Economic Development Grant<br />
Property - 10% Dep<br />
I Year 1 Year 2<br />
Analysis<br />
Year 3<br />
Year 4
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