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Public Hearing Notice <br />The Lee County Board of <br />Commissioners proposes to <br />participate in the cost of an <br />economic development <br />project, Project Driveline, <br />which consists of the pur- <br />chase of machinery and <br />equipment in the amount of <br />$36 million dollars and hir- <br />ing of 66 new employees <br />over the 5 year life of the <br />project. The Board intends <br />to consider Investing up to <br />$432,878 of the cost of the <br />project with revenues from <br />the County's general fund. <br />The Lee County Board of <br />Commissioners also pro- <br />poses to participate in the <br />cost of an economic devel- <br />opment project, Project <br />Seal, which consists of the <br />purchase of machinery and <br />building renovation in the <br />amount of $1,750,000 and <br />hiring 18 new employees <br />over the 24 month life of the <br />project. The Board will con- <br />sider investing up to $7,500 <br />as a match for a $75,000 <br />Building Reuse grant from <br />the NC Department of Com- <br />merce. Both projects will <br />stimulate the local eco- <br />nomy, promote additional <br />business and result in the <br />creation of jobs and in- <br />creased payroll. A public <br />notice hearing on these pro- <br />posed economic develop- <br />ment incentive investments <br />will be held on Monday, <br />November 14, 2016 (post- <br />poned from November 7, <br />2016) at 6:00 PM, or as soon <br />thereafter as the matter can <br />be reached on the meeting <br />agenda. The hearings will <br />take place in the Commis- <br />sioners Room, First Floor, <br />Lee County Government <br />Center, 106 Hillcrest Dr., <br />Sanford, NC. All interested <br />persons are invited to at- <br />tend and present their <br />views. <br />