HomeMy WebLinkAboutC.054.93010_1300 (2)PUBLIC HEARING
Chairman Johnson declared the meeting to be in a public hearing.
Consideration of Economic Development Incentives for Lowe's Companies,
Inc., for Projects (Hangar/Aircraft) at the Statesville Municipal Airport: County
Manager Mashburn said the incentives under consideration were based upon an
anticipated $100,000,000.00 investment in Iredell County by Lowe's Companies, Inc.
He said the incentives had the following two components.
1. Consideration of an annual grant, over a five-year period, for the
construction of a building or hangar to be located at the Statesville
Airport.
2. Consideration of an annual grant, over a five-year period, for the
Lowe's corporate aircraft, with a stipulation being that the air fleet
must remain in the county for five years. Upon payment of ad
valorem taxes in the sixth (6'h) year, the Lowe's Company
will be awarded an incentive grant in accordance with county policy.
Attorney Pope said incentives were earned by the industries, and that most
North Carolina counties used a similar method to recruit and maintain industry.
No one else spoke regarding the incentives; however, Mr. John Vining, the
Lowe's Vice President of Administration, was in attendance.
Chairman Johnson adjourned the hearing.
OTIO by Commissioner Tice to approve the Lowe's Companies, Inc.,
incentives for aircraft and a hanger at the Statesville Municipal Airport, as explained by
the county manager.
VOTING: Ayes — 5; Nays — 0.
ADMINISTRATIVE MATTERS
Request for Approval of the December 2003 Refunds & Releases: Tax
Administrator Bill Doolittle requested approval of the following releases and refunds.
DECEMBER 2003 TAX RELEASES & REFUNDS
Releases
Refunds
County
$ 54,992.00
$ 1,843.10
Solid Waste Fees
221.00
26.00
East Alexander Co. Fire #1_
3.87
0
Shepherd's Fire # 2
737.30
8.50
Mount Mourne Fire # 3
61.32
2.24
All County Fire # 4
2,872.23
55.56
Statesville City
11,750.83
82.38
Statesville Downtown16.43
0
Mooresville Town
12,482.84
1,814.68
Mooresville Downtown
2.42
0
Mooresville School
3,462.41
326.26
Love Valley
0
0
Harmony
5.99
0
Troutman
110.33
12.00
Total
$86,718.97
$4,170.72
A complete list is hereby incorporated into the minutes by reference of the
individual tax releases and refunds.
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