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CABARRUS <br /> ECONOMIC DEVELOPMENT <br /> PROJECT ALI OVERVIEW(estimated) <br /> Company's Legal Name: A Haines Inc <br /> Project Overview: <br /> Flooring Distributor <br /> A Haines is a flooring distribution company that has been in business for over 140 years. A Haines is the <br /> largest floor covering distribution company in the country with operations covering the Northeast, Mid- <br /> Atlantic and Southeast and is among the oldest privately held companies in America. They currently <br /> operate out of 7 DC's throughout the eastern US. The need is to expand their southern distribution <br /> center to a larger facility so that it can carry all product assortment the company carries. The company <br /> needs a modern, high ceiling warehouse that is cross docked in order to remain competitive. Their <br /> current NC operation is located in Anson County. <br /> 15-20 % of the operation is manufacturing. The manufacturing component consists of kitting, sample <br /> production, roll modification, and multiple functions of assembly. <br /> Truck Volume Information: <br /> 2018: 40 per day (20 inbound and 20 outbound) <br /> 2019: 60 per day (30 inbound and 30 outbound) <br /> Proposed New or Additional Cabarrus facility: <br /> Target Cabarrus Sites: Concord Airport Business Park Phase 3; 1000 Derita Road <br /> Square Feet: 500,000 +/- SF <br /> Lease or Purchase: Lease <br /> Investment: (Net new creation on the tax records. Exclude the cost of any land purchase. Keep in mind <br /> any depreciation of your existing equipment. Project the investment you plan to make over 3 years.) <br /> Building: $0 (developer will make real property investment) <br /> Equipment/Personal Property: $6,400,000 (personal property by tenant) <br /> Total Investment by Project Ali: $6,400,000 <br /> G-1 Page 233 <br />