Agenda 1-17-17 Reg. Meeting - Laserfiche WebLink

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4013 ■ Request for approval for the Lee County Library to write LSTA Accessibility Technology Grant. Upon vote, the results were as follows: Aye: Dalrymple, Dodson, Knecht, Oldham, Reives, Sharpe, Sloan Nay: None The Chair ruled the motion had been adopted unanimously. At 6:00 P.M. the Board conducted six public hearings for economic development incentives. Economic Development Director Bob Joyce presented and discussed the first hearing for "Project Seal." Mr. Joyce stated "Project Seal" consists of the purchase of machinery, equipment and building renovation in the amount of $865,000 and hiring 15 new employees over the 24 - month life of the project. The amount of investment requested from the Board is up to $3,750 from the County's General Fund as a 5% match for a $75,000 Building Reuse Grant from the NC Department of Commerce. The original public hearing for this project was held at the November 14, 2016 Board of Commissioners Meeting. A new public hearing was required due to a change in the requested amount resulting from a change in the company's investment. Chair Dalrymple opened the public hearing that had been advertised for this date and time. No one present spoke in favor or in opposition to the proposed project. Chair Dalrymple closed the public hearing. Mr. Joyce presented and discussed the second hearing for "Project Driveline." Project Driveline has been announced as GKN Automotive. Mr. Joyce stated "Project Driveline" consists of the purchase of machinery, equipment and building renovation in the amount of $37.2 million dollars and hiring of 66 new employees over the 5 -year life of the project. The amount of investment requested from the Board is up to $512,238 of the cost of the project with revenues from the County's General Fund. The original public hearing for this project was held at the November 14, 2016 Board of Commissioners Meeting. A new public hearing was required due to a change in the requested amount resulting from a change in the company's investment. Chair Dalrymple opened the public hearing that had been advertised for this date and time. No one present spoke in favor or in opposition to the proposed project. Chair Dalrymple closed the public hearing. Mr. Joyce stated that the next four projects being presented are all located at the airport. Mr. Joyce presented and discussed the third hearing for "Project Dogwood." Mr. Joyce stated "Project Dogwood" consists of the construction of a facility and the purchase of equipment in the amount of $6.25 million and the hiring of 147 new employees over the 5 -year life of the project. The Board intends to consider investing up to $54,398 of the cost of the project with revenues from the County's General Fund. The original public hearing for this project was held at the December 19, 2016 Board of Commissioners Meeting. A new public hearing was required in order to provide the amount of the company's investment in the advertisement. Page 217