Minutes - Jan. 9, 2012 Regular Meeting

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® {{ • • Minutes from the December 5, 2011 regular meeting, • Minutes from the December 13, 2011 adjourned regular meeting, • Appointment of Mr. William Bates to the Americans with Disabilities Act (ADA) Board, • Renewal lease agreement for USDA Farm Service Agency located at the McSwain Center, • Memorandum of Understanding with NC DOT for COLTS on -board cameras, • Acceptance of additional health department monies from the State, and • Acceptance of a resolution adopted by the Lee County Economic Development Corporation in reference to amendments with Lee County Upon a vote, the results were as follows: Aye: Hayes, Oldham, Parks, Paschal, Reives, Shook, and Womack Nay: None The Chairman ruled the motion had been adopted unanimously. Pursuant to N.C. General Statute 153A -42.1, Chairman Shook opened the floor for Public Comments. The following signed up to speak and were allowed 3 minutes for comments: Mr. Keith Clark, 212 Acorn Drive, Sanford The Board considered final agreements for the WST Industrial grant project. Economic Development Director Bob Heuts discussed the project and stated that the Rural Economic Development Center (REDC) proposes to provide a grant to Lee County in the amount of $85,689 to partially finance the renovation and reuse of a building located on Beechtree Drive in Sanford owned by WST Industries. WST will use the building to expand its current operations in Sanford. The total value of capital improvements exceeds $1,100,000. Under the proposed agreement with REDC, the County will loan the grant funds to WST under a Loan /Performance Agreement that will require WST to create within 24 months and maintain for at least six months, 12 new, full -time jobs. The company currently has 35 positions that were moved from their Wilson Road facility. Failure to meet the job creation objective will require them to repay the amount loaned on a pro rata (per job) basis, at $7,140.75 per job for each job not created or maintained. The County must provide a 5% ($4,284) cash match which WST will refund to the County upon execution of the Loan /Performance Agreement and Promissory Note. Mr. Heuts stated it was an opportunity for the county to help a small business that has been part of the community for several years. After discussion, Commissioner Hayes moved to approve the Grant Agreement with the Rural Economic Development Center in the amount of $85,689 and Loan /Performance Agreement between WST Industries and the County, copies of which are attached to these minutes and by this reference made a part herein. 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. The Board considered a grant agreement from One North Carolina Fund for the Zurn Industries, LLC project. Economic Development Director Bob Heuts stated that on October 10, 2011 the Board adopted a resolution and approved an agreement authorizing the County to provide funds to the Lee County Economic Development Corporation ( LCEDC) which would be used as an economic incentive for Zurn Industries, LLC. The documents provide that the County will grant to the LCEDC and the