2011 - 10-10-2011 Spec. Meeting - Laserfiche WebLink

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t 5oo�. 24 II: ,:495 stated they feel the required investment of $20,000 will be higher as they have entered into a long term lease agreement for an additional building and will be purchasing inventory to create the 38 new positions stated in the agreement. According to Zurn Industries a total of 100 jobs will be retained, in addition to the 38 new jobs that will be created. Commissioner Womack expressed concerns with the agreement because he did not feel there was sufficient claw back language in the agreement and he felt the agreement was legally insufficient. Deputy County Attorney Dale Talbert explained the agreement and stated it was based on the state's economic recruiting One NC Fund Agreement. After discussion, Commissioner Hayes moved to approve the incentive agreement as presented by the County Manager and legal department between the Lee County Economic Development Corporation and Zurn Industries. Discussion followed concerning a motion made and adopted at the August 15` meeting by Commissioner Reives which read as follows "in the future all minutes for approved projects by the Economic Development Corporation (EDC) Board, especially those of similar type businesses already located in the County, be provided as backup in the Commissioner's agenda package ". Commissioner Reives moved to rescind the Board's previous motion as stated above. Upon a vote, the results were as follows: Aye: Hayes, Oldham, Paschal, and Reives Nay: Parks, Shook, and Womack The Chairman ruled the motion had been adopted by a 4 to 3 vote. Discussion continued with Commissioner Womack stating he felt this was an illegal act and the county has failed to ensure due diligent effort on the matter. He further stated he would vote in opposition to all future incentive packets until the EDC Board is in compliant with the School of Government checklist and tied to claw backs. Commissioner Womack stated further that he was disappointed in the County Manager and legal staff for their work on the Zurn project. Upon a vote of Commissioner Hayes's motion to approve the incentive agreement as presented, the results were as follows: Aye: Hayes, Oldham, Paschal, and Reives Nay: Parks, Shook, and Womack The Chairman ruled the motion had been adopted by a 4 to 3 vote. Copies of the Resolution Authorizing the Expenditure of Funds for an Economic Development Project and Approving an Agreement with the Lee County Economic Development Corporation for Zurn Industries, LLC and an Agreement Regarding Incentive Funds by and between the Lee County Economic Development Corporation and Zurn Industries, LLC are attached to these minutes and by this reference made a part hereof. With no further business to come before the Board, Commissioners Oldham moved to adjourn the meeting. Upon a vote, the results were as follows: Aye: Nay: iairm ' 6 Hayes, Oldham, Parks, Paschal, Reives, Shook, and Womack None n ruled the motion had been imously and the meeting adjourned at Lihd %A. Shook, Chairman Lee ounty Board of Commissioners Clerk