NOTICE is hereby given that the Rowan County Board of Commissioners will hold a public hearing in the J. Newton Cohen, Sr. Room on the second floor of the J. Newton Cohen, Sr. Rowan County Administration Building in Salisbury, North Carolina, beginning at 6:00 p.m., or as soon thereafter as may be heard, on Monday, September 20, 2021.
In accordance with North Carolina General Statutes §158-7.1(c), the purpose of the hearing will be to receive public comments on a proposed incentive agreement between NorthPoint Development L.L.C. and the County of Rowan for the development of the property located at 410 Webb Road (Parcel 409 022).
The proposed incentive agreement consists of the following basic terms:
A Level 1 Grant would require a minimum investment of $20 million and provide a grant equal to 75% of new taxes paid over a five-year term.
A Level 2 Grant would require a minimum investment of $40 million and provide a grant equal to 80% of new taxes paid for five years and 50% for two years over a seven-year term.
A Level 3 grant would require a minimum investment of $60 million and provide a grant equal to 80% of new taxes paid for five years, 40% for two years, and 25% for two years over a ten-year term.
Minimum job creation and average wage requirements would also have to be met to be eligible for the incentives.
Rowan County will recover any costs associated with the project, and the public will benefit through future property, business taxes, stimulation of the economy, promotion of business, and the creation of jobs in the County.
All persons interested in this Incentive offer are invited to attend this public hearing and present their views. Written comments may be submitted to Clerk to the Board of Commissioners by noon on September 17, 2021 via email to: www.rowancountync.gov/PublicComment
Citizens may also participate in the meeting/hearing remotely in the following manner:
Join from a PC, Mac, iPad, iPhone or Android device:
Or join by phone:
Dial: (602) 753-0140 (720) 928-9299 (213) 338-8477
Webinar ID: 993 6610 2817
This the 8th day of September, 2021.
Carolyn Barger, MMC, NCMCC
Clerk to the Board
To view or download a PDF version of this Notice visit: /DocumentCenter/View/28939