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SPECIAL MEETING OF THE LEE COUNTY BOARD OF COMMISSIONERS 106 HILLCREST DRIVE SANFORD, NORTH CAROLINA 27330 SEPTEMBER 9, 2019 The special meeting of the Board of Commissioners for the County of Lee, State of North Carolina, convened at 6:00 P.M. in the Board Room, First Floor, Lee County Government Center, 106 Hillcrest Drive, Sanford, North Carolina, on said date. Commissioners present when the meeting was called to order were Amy M. Dalrymple, Arianna M. Del Palazzo, Kevin C. Dodson, Robert T. Reives, and Cameron W. Sharpe. Commissioner Kirk D. Smith joined the meeting at 6:05 p.m. Commissioners Andre Knecht was absent. Staff in attendance included County Manager John Crumpton, Assistant County Manager/Finance Director Lisa Minter, and Deputy County Attorney/Clerk to the Board Jennifer Gamble. CALL TO ORDER Chair Dalrymple called the meeting to order. II. MOMENT OF SILENCE AND PLEDGE OF ALLEGIANCE III. NEW BUSINESS A. Consideration of a contract for the purchase of 98.24 acres of property located on Colon Road, Sanford, NC at PIN 9655-21-2728-00. The Board of Commissioners held a public hearing on August 19, 2019 and thereafter approved moving forward with an economic development project to be named at a later date. As a part of this project, the County intends to acquire ninety-eight point twenty-four acres of real property located on Colon Road (PIN 9655-21-2728-00) currently owned by Richard and Angela Hearn at an estimated purchase price of one million one hundred and thirteen thousand six hundred and sixty-seven dollars. The County intends to convey approximately seventy-eight acres of the property to the company associated with the economic development project and retain the remaining property to be developed and sold as a future industrial site. The County intends to use funds from the County's General Fund and funds financed through a borrowing with a financial institution to purchase the property. County Manager John Crumpton and Deputy County Attorney/Clerk to the Board Jennifer Gamble reviewed the agreement with the Board. Dr. Crumpton noted that the County would not close on the property until an incentive agreement with the company is finalized and executed. Commissioner Reives moved to approve the agreement and to authorize the Chair and Deputy County Attorney to finalize and complete any necessary documents to effectuate the purchase, a copy of the agreement is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Dodson, Reives, Sharpe Nay: Del Palazzo, Smith Page 112