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February 9, 2018. The public hearing was held at the February 19, 2018 regular <br /> meeting of the Board of Commissioners. No one spoke in favor or in opposition of <br /> the proposed economic development project. Commissioner Sloan moved to <br /> approve the Resolution and Agreement for Project Eagle, a copy of which is <br /> attached to these minutes and by this reference made a part hereof. Upon a vote <br /> the results were as follows: <br /> Aye: Dalrymple, Oldham, Reives, Sharpe, Sloan <br /> Nay: Knecht <br /> Absent: Dodson <br /> The Chair ruled the motion had carried 5:1. <br /> B. Request for Approval of Local Grant Agreement for the One North Carolina Fund <br /> with Wyeth Holdings, LLC. <br /> Commissioner Sloan was excused due to a potential conflict of interest related to <br /> his employment with Pfizer. County Attorney Whitney Parrish presented the Local <br /> Grant Agreement for the One North Carolina Fund with Wyeth Holdings LLC for the <br /> Board's consideration. On February 20, 2017, the Board held a public hearing <br /> proposing to participate in an economic development project, Project Panda, Wyeth <br /> Holdings LLC, which consists of a life science research and product manufacturing <br /> process with a taxable investment of at least one hundred million dollars and the <br /> hiring of fifty new jobs at an average salary of ninety thousand dollars over a five <br /> year period. The investment from the County will be up to $1,412,715.00. As part of <br /> Wyeth Holdings LLC State incentive, they received a One North Carolina Grant in <br /> which they will receive $250,000.00 as part of a match from our local incentive. The <br /> County will be a pass through entity for the administration of the grant. <br /> Commissioner Reives moved to allow Commissioner Sloan to recuse himself due to <br /> a potential conflict of interest. Upon a vote, the results were as follows: <br /> Aye: Dalrymple, Knecht, Oldham, Reives, Sharpe, Sloan <br /> Nay: None <br /> Absent: Dodson <br /> The Chair ruled the motion had carried unanimously. <br /> Commissioner Reives moved to approve the agreements and to authorize the Chair <br /> to sign any documents associated with the One North Carolina Grant, a copy of <br /> which is attached to these minutes and by this reference made a part hereof. Upon <br /> a vote, the results were as follows: <br /> Aye: Dalrymple, Oldham, Reives, Sharpe <br /> Nay: Knecht <br /> Absent: Dodson <br /> Excused: Sloan <br /> The Chair ruled the motion had carried 4:1. <br /> Page 319 <br />