HomeMy WebLinkAboutC.054.93011_1496 (2)Consideration of an Economic Development Incentive for C & R Racing
Incorporated: Economic Developer Melanie O'Connell Underwood said C & R Racing had
existed in south Iredell for the past three years, and the company now planned to relocate and
expand in the Deerfield Industrial Park. She said the company's investment would be $3 million
and eight to ten new jobs would be created in the first 12 months. Underwood said using the
county's economic development policy, the company would be eligible for a $55,800 incentive.
No one else desired to speak.
OTIO by Commissioner Robertson to grant the $55,800 incentive (over a five-year
period) to C & R Racing based on the S3 million incentive.
VOTING: Ayes — 5; Nays — 0.
Request from Pinnacle Properties, LLC for the Release of Jurisdiction of 0.79 Acres
to the Town of Mooresville (Location: 150 Rocky River Road, Mooresville, NC): Acting
Planning Director Warren reviewed the staff report as follows:
Applicant: Warren Dumford
Pinnacle Properties LLC
801 E. Trade Street, Suite 200
Charlotte, NC 28270
Owners: Mark & Tracy Van Auken
140 Rocky River Road
Mooresville, NC 28115
LOCATION: At 150 Rocky River Road in Mooresville, NC, more specifically PIN# 4665-
54-1725. Directions: Highway 115 south, left onto Faith Road, right Shearers Road, left on
Rocky River Road, on right.
REQUESTED ACTION AND CONDITIONS: Release Zoning and Subdivision Jurisdiction
to the Town of Mooresville.
PROPOSED USE: Part of a grocery store anchored Neighborhood Center project, most of
which has already been released.
SIZE: The proposed area to be released is .79 acres.
EXISTING ZONING: The property is currently zoned Residential Agricultural.
EXISTING LAND USE: Residential.
SURROUNDING LAND USE: Residential and proposed commercial development.
WATERSHED REGULATIONS: This property is not located in a Watershed.
TRAFFIC: The most recent traffic count (in 2005) indicated 2,500 vehicles per day along this
portion of Rocky River Road.
ZONING HISTORY: This property is currently zoned RA and has been since county -wide
zoning in 1990.
STAFF COMMENTS: This request meets the criteria for a release of zoning and subdivision
jurisdiction. The South Iredell Small Area Plan calls for a neighborhood commercial node at the
intersection of Shearers Road and Rocky River Road to provide opportunities for small-scale,
neighborhood oriented commercial services. The proposed use of the property as part of a grocery
store anchored neighborhood center is consistent with that recommendation. The remainder of the
property to be used for the commercial development was released to the Town of Mooresville on
January 2, 2007. The Town of Mooresville approved the extension of water and sewer service to the
property on December 4, 2006. The applicant is in the process of filing for annexation slated for June
of 2007.
No one else desired to speak