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003 <br />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 />ITEM NO. I. B. <br />_ Information <br />XX Action Item + Public Hearing <br />Consent Agenda <br />SUBJECT: Public Hearing — "Project Seal' <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 Seal', which consists of the purchase of machinery <br />and building renovation in the amount of $1,750,000 and hiring <br />18 new employees over the 24 -month life of the project. The <br />Board will consider investing up to $7,500 as a match for a <br />$75,000 Building Reuse Grant from the NC Department of <br />Commerce. <br />BUDGET IMPACT: $7,500 <br />ATTACHMENT(S): November 31 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 />