Site work and new construction of a mixed-use development in Concord, North Carolina. Conceptual plans call for the construction of a 40,000-square-foot elderly care / assisted living facility; for site work for a elderly care / assisted living facility; library; and library.

The facility will be an approximately 40,000 square foot building with a minimum of 250 parking spots (dedicated or through a shared parking agreement). The facility must be located within a three-mile radius of George W. Liles Parkway Northwest and Poplar Tent Road in Concord, North Carolina (see Exhibit A). The property on which the Project is located must be owned by the Developer. The Developer will provide all financing for the total cost necessary to deliver the Project, including, without limitation, design (exterior and interior), site preparation and construction (except County provided items to be further defined), and the required parking necessary to deliver the Project. The County shall be responsible for interior improvements. After the Developer is selected by the County, the County and the Developer will negotiate the terms of the Development Contract. The Development Contract will provide that the County an initial twenty (20) year lease term; however, it is the intend of the County to purchase the Project in the second quarter of 2026. Construction shall begin by February/March 2023 with the facility available to the County in September 2024. The method of Contractor Selection has not been Determined at this time