HomeMy WebLinkAboutC.054.93009_0816 (2)unanimous vote of the four members present.
MOTION from Chairman Haire to return to regular session.
VOTING: Ayes - 4; Nays - 0.
MOTION from Chairman Haire to go into closed session as
permitted under G.s. 143-318.11(4).
VOTING: Ayes - 4; Nays - 0.
MOTION from Chairman Haire to return to regular session.
VOTING: Ayes - 4; Nays - 0.
LOOS'S SOME CENTERS, INC. MOTION from Commissioner Madison to
adopt the following resolution:
WHEREAS, Lowe's Home Centers, inc. proposes to locate a
warehouse facility containing approximately one million square feet
of building space upon tracts of land located near the intersection
of Tomlin Mill Road and Fairmount Road in Iredell County; and
WHEREAS, said facility will add in excess of $40 million to
the tax base of Iredell County and will generate up to 600 jobs
when the facility is fully completed; and
WHEREAS, there exists inadequate infrastructure in the area to
support and accommodate said facility; and
WHEREAS, Iredell County possesses the authority pursuant to
the provisions of G.S. 153(a)-149, to levy property taxes for
purposes including water, sewer, structural and natural storm water
and drainage systems; and
WHEREAS, the Iredell County Board of Commissioners feels that
it is in the best interest of the citizens of Iredell County that
adequate infrastructure be in place to support a facility of such
magnitude and impact to the extent it is economically feasible.
NOW, THEREFORE, be it RESOLVED by the Iredell County Board of
Commissioners:
1. That at such time as the Chairman of the Iredell County
Board of Commissioners has determined that adequate and suitable
commitments have been made by Lowe's Home Centers, Inc. for the
erection of the distribution facility contemplated on the premises
described above, Iredell County will construct an elevated water
storage tank in the vicinity and contract with Iredell Water
Corporation for the maintenance of same, construct a package sewage
treatment facility in the vicinity and contract with Lowe's Home
Centers. Inc or some reputable public utility for the maintenance
of same, and contract for the construction of suitable storm water
management structures and contract with Lowe's Home Centers, Inc.
for the maintenance and management of same.
2. The Chairman of the Iredell County Board of Commissioners
and the Clerk to the Board are authorized to enter into such
agreements as are necessary to effect the intent of this
resolution.
3. The financial commitment of Iredell County pursuant hereto
shall not exceed the sum of $875,000, and will be invested over a
five-year period. The investment made pursuant hereto shall be
based upon the formula of Lowe's Home Centers, inc.'s total
Livetment (tax base) multiplied by the present tax rate
($0.45/$100) multiplied by five years. The investment will
commence in fiscal year 1996-1997.
4. The County Manager and the County Attorney will determine
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