12-19-16 Reg meeting - Laserfiche WebLink

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The Board next conducted a public hearing to consider an economic development grant to the Sanford Area Growth Alliance for product development. Sanford Area Growth Alliance (SAGA) CEO Joy Thrash stated that the grant will partially fund engineering, grading, site preparation and construction of monument signs for Central Carolina Enterprise Park. Also included in this project is design, grading, site preparation and construction of the entrance and stub road into both sections of Central Carolina Enterprise Park at the intersection of Colon Road and Clyde Ryne Road. The signage will be owned and maintained by the Sanford Area Growth Alliance. The street improvements will occur on property owned by the City of Sanford, the NC Department of Transportation and Triassic Partners, LLC. The public purpose of this expenditure is to increase the marketability of the 650 -acre state certified industrial site and create additional tax base and jobs in Lee County. The grant amount being considered is $370,000. The source of the funds for this grant are the County's general fund balance and specifically, funds that were acquired through the sale of the County's Colon Road lift station to the City of Sanford. Chair Dalrymple opened the public hearing that had been advertised for this date and time. The following spoke in favor of the economic development request: - Commissioner Sloan - Commissioner Oldham No one present spoke in opposition to the request. Chair Dalrymple closed the public hearing. Commissioner Sloan moved to waive the Board's policy on voting after a public hearing. Upon a vote, the results were as follows: Aye: Dalrymple, Dodson, Oldham, Reives, Sloan, Sharpe Nay: Knecht The Chair ruled the motion had been adopted by a 6 to 1 vote. Commissioner Sloan moved to approve the economic development request to the Sanford Area Growth Alliance for product development in the amount of $370,000.00. Upon a vote, the results were as follows: Aye: Dalrymple, Dodson, Oldham, Reives, Sharpe, Sloan Nay: Knecht The Chair ruled the motion had been adopted by a 6 to 1 vote. The Board conducted a public hearing to consider participation in the cost of an economic development request for "Project Hummingbird". SAGA Economic Development Executive Director Bob Joyce stated that all four projects he will present are located at the Raleigh Executive Airport. He stated this project consists of operating a leased facility and purchasing equipment in the amount of $71.75 million and the hiring of 104 new employees over the 5 -year life of the project with an average wage of $70,481.00. The Board intends to consider investing up to $606,188 of the cost of the project with revenues from the County's general fund balance. County Manager John Crumpton stated that as a voting member of the Airport Authority, he voted for all four projects being presented. Page 416