2-20-17 Regular Meeting - Laserfiche WebLink

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Nay: None Absent: Dalrymple The Vice Chair ruled the motion had been adopted unanimously. At 6:00 P.M. the Board conducted a public hearing and considered a request for approval of an economic development incentive for "Project Panda." Vice Chair Sloan turned the gavel over to Commissioner Oldham to preside over the public hearing due to a potential financial interest in the proposed project. Due to the potential conflict of interest and under no objections from other Board members, Vice Chair Sloan abstained from taking part in the Public Hearing. Economic Development Director Bob Joyce stated that "Project Panda" consists of a life sciences research and product manufacturing process in the amount of $100.00 million dollars and the hiring of 50 people over the five year life of the project. The average annual wage is $90,000.00. A large majority of the new jobs will add unique skills to the local labor pool. The facility construction would start in the first quarter of 2018 with operations commencing in January 2020. The Board intends to consider investing up to $1,412,715.00 of the cost of the project with revenues from the County's General Funds. This project will stimulate the local economy, promote additional business and result in the creation of jobs and increased payroll. Commissioner Oldham opened the public hearing that had been advertised for this date and time. No one spoke in favor or in opposition of the project. Commissioner Oldham closed the public hearing. Commissioner Reives moved to waive the Board's policy to vote on a matter following a public hearing at the next scheduled Board meeting. Upon a vote, the results were as follows: Aye: Dodson, Knecht, Oldham, Reives, Sharpe Nay: None Absent: Dalrymple Abstained: Sloan Commissioner Oldham ruled the motion had been adopted upon a vote of 5 to 0. Commissioner Reives moved to approve the incentive for "Project Panda." Upon a vote, the results were as follows: Aye: Dodson, Oldham, Reives, Sharpe Nay: Knecht Absent: Dalrymple Abstained: Sloan Commissioner Oldham ruled the motion had been adopted upon a vote of 4 to 1. Vice Chair Sloan rejoined the meeting. Pursuant to N.C. General Statute §153A-52.1, Vice Chair Sloan opened the floor for Public Comments. The following signed up to speak and were allowed 3 minutes for comments. Page 214