February 21, 2011 (Regular Meeting) Page 308 ... - Cabarrus County

February 21, 2011 (Regular Meeting) Page 319
Total Assessed Value $1, 800 ,000.00 $1,620 , 000.00 $1 , 458,000 . 00 $1,312,200 . 00
County Taxes at . 63 $11,340.00 $10,206.00 $9,185 . 40 $8,266 . 86
Grant @ 85% $9 , 639 . 00 $8,675 . 10 $7,807.59
Net Taxes to County $1 , 701. 00 $1,530 . 90 $1,377.81 $8,266 . 86
3 Year Taxes $30,731 . 40
3 Year Grant $26,121. 69
3 Year Net Revenue $4,609.71
Mr . McDaniels advised the EDC Board of Directors approved the grant on
January 25 th and the Kannapolis City Council approved a similar grant for the
company on February 14th. He also responded to questions from the Board
related .
Chairman White opened the public hearing at 6 : 55 p.m . The Public
Hearing Notice was posted on the County' s website (www . cabarruscounty . us ) on
February 9, 2011 in accordance with Article 2 , Administration, Section 2 . 1
(Use of Electronic Means to Provide Public Notices) of the Cabarrus County
Code of Ordinances .
There was no one present to address the Board; therefore, Chairman
White closed the public hearing .
Commissioner
development grant
set forth above .
Carruth MOVED to approve
for Genuine Parts Company,
a 3- year
dba , S. P.
85 percent economic
Richards Company as
Commissioner Measmer expressed his intent to vote against the motion.
He asserted that many of the 66 proposed jobs will likely be filed by
Mecklenburg County residents since the company plans to relocate its Winston­
Salem and Mecklenburg locations and that only a few jobs will go to Cabarrus
County residents. He also addressed the need for incentive reform at the
Federal level and for a level playing field amongst all counties . Further,
he advised that there are many local businesses employing more people that
have never asked f or or received an incentive . However, he expressed support
for an economic development grant for a very large company that could come to
the Philip Morris site.
Chairman White seconded the motion and expressed his intent to vote for
the motion, citing the need for new jobs and more investment in Cabarrus
County .
After a general discussion, the MOTION
Vice Chairman Poole and Commissioner Carruth
Burrage and Measmer voting against .
carried with Chairman Whi te ,
voting for and Commissioners
(G-2 ) Commerce 2011-2012 HOME Program Public Hearing - 6: 30 P.M. and
Participation in the Cabarrus/Iredell/Rowan HOME Consortium for 2011-2014
Kelly Sifford, Community Devel opment Manager, reported the current
Cabarrus/Iredell/Rowan HOME Consortium participation agreement expires this
year and the County will need to enter into a new 3- year Agreement for 2011-
2014 in order to continue to participate in the federally funded housing
rehabilitation p r ogram for low- income families. She advised that a public
hearing for the HOME Program is also required to participate in the grant
program and estimated the County will receive approximately $113 , 000 . 00 in
rehabilitation funds . She further advised, in response to questions from the
Board, that the County must provide a 25 percent match, which is included i n
the annual budget process.
Chairman White opened the public hearing at 7 : 05 p.m. The Public
Hearing Notice was published in THE INDEPENDENT TRIBUNE on February 9 and 11 ,
2011. The Public Hearing Notice was also posted on the County' s website
(www . cabarruscounty . us ) on February 8 , 2011 in accordance with Article 2 ,
Admi nistration, Section 2 . 1 (Use of Electronic Means to Provide Public
Notices) of the Cabarrus County Code of Ordinances.
There was no one present to address the Board; therefore , Chairman
White closed the public hearing .
Vice Chairman Poole MOVED to participate in the Cabarrus/Iredell/Rowan
HOME Consortium for 2011- 2014 and to provide the 25 percent local match for
the HOME program. Commissioner Carruth seconded the motion .
Vice Chairman Poole commented on the importance of federal grant funds ,
leveraged locally, to rehabilitate substandard homes for the elderly and low-