HomeMy WebLinkAboutC.054.93011_0796 (2)Region F Aidne Advisory Committee J2 a ointment : No nominations were
submitted, and Commissioner Tice made a bYitio to postpone the two appointments
until the July 19, 2005 meeting.
VOTING: Ayes — 5; Nays — 0.
NEW BUSINESS: Chairman Tice stated that during the 5:00 p.m. briefing
session, the Commissioners agreed to call for a public hearing on Tuesday, July 19, 2005,
at 7:00 p.m., for the purpose of discussing an economic development incentive grant for
Lowes Companies, Inc., and its Phase III construction of a 730,000 square foot addition
of office space to accommodate up to 2500 additional employees with the projected cost
being $110,000,000.00. Tice said the company expected to finalize its cost and approval
for the project by early fall of 2005 with construction to begin in early 2006 and the
anticipated completion date being early 2008. She said the company was requesting an
incentive grant of $382,800.00 per year for a six-year period, totaling $2,296,800.00.
Chairman Tice said the county was fortunate to have company, such as Lowes, that had
enough confidence in Iredell County to add 730,000 square feet with an estimated cost of
$110,000,000.00.
Commissioner Johnson stated that over the years the board of commissioners had
continued to maintain a business environment with a low tax rate. He stated that as the
past chairman of the board, he knew how much time discussions on economic
development took. He thanked Chairman Tice for her exceptional representation of the
board when dealing with industrial recruitment and other economic matters.
Chairman Tice thanked Mr. Johnson for his comments, and expressed
appreciation to him for his services on the Statesville Airport Commission. She said the
airport improvements had probably influenced the Lowes officials in making their
expansion pians. Mrs. Tice said it was fulfilling when an economic development project
came to fruition.
COUNTY MANAGERS REPORT: None
ADJOURNMENT: Chairman Tice adjourned the meeting at 7:34 p.m. (NEXT
MEETING: Tuesday, July 19, 2005, at 5:00 p.m. and 7:00 p.m., in the Iredell County
Government Center, 200 South Center Street, Statesville, NC.)
Approval: / BO.S� ALL 41 L;� L _)k; .
Acting Clerk to the Board