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LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT <br />Meeting Date: November 14, 2016 <br />001, <br />ITEM NO. I. A. <br />Information <br />XX Action Item + Public Hearing <br />Consent Agenda <br />SUBJECT: Public Hearing — "Project Driveline" <br />DEPARTMENT: SAGA/Economic Development <br />CONTACT PERSON: Bob Joyce, Economic Development Director <br />REQUEST: Public Hearing <br />SUMMARY: The Board is asked to hold a public hearing to consider <br />participation in the cost of an economic development request <br />for "Project Driveline", which consists of the purchase of <br />machinery and equipment in the amount of $36 million and <br />hiring of 66 new employees over the 5 -year life of the project. <br />The Board intends to consider investing up to $432,878 of the <br />cost of the project with revenues from the County's general <br />fund. <br />BUDGET IMPACT: $432,878 over 5 -years <br />ATTACHMENT(S): November 3rd Public Hearing Notice from the Sanford Herald <br />PUBLIC HEARING: Yes <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: Hold public hearing as advertised for this date and time. <br />