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Motion: Motion to approve the changes to the Economic Development Incentive <br /> Policy as presented. <br /> Mover: Dr. Andre Knecht <br /> For: 6 -Amy Dalrymple, Arianna Del Palazzo, Dr. Andre Knecht, Robert Reives, Cameron <br /> Sharpe, Kirk Smith <br /> Absent: 1 - Kevin Dodson <br /> Motion Result: Passed <br /> PUBLIC HEARINGS ON PROPOSED ECONOMIC DEVELOPMENT PROJECTS <br /> I. Public Hearing for Project 1 <br /> Economic Development Director Bob Joyce presented a proposed economic <br /> development project referred to as Project 1. Project 1 is a new product expansion for an <br /> existing company in the building products sector. The project proposes an investment of <br /> $7,500,000 in the purchase of machinery and equipment and will create at least 300 jobs <br /> with average wage of$46,500, which is higher than the County's average annual wage. <br /> Lee County is competing with other locations in North Carolina and in Virginia. This is <br /> considered a target industry since it is in the area of advance manufacturing. The project <br /> would supply the home building industry and will pay 50% of employee health benefits. <br /> SAGA recommended a 50% incentive over 5 years which amounts to a proposed <br /> incentive grant of up to $117,335 to be paid by the County. SAGA requested a vote due <br /> to the project's rapid development. The following people spoke in favor of all four project <br /> presented on the agenda: <br /> 1. John Ramsperger, 2016 Paul Street, Sanford, NC <br /> 2. Dr. Lisa Chapman, CCCC, 1105 Kelly Drive, Sanford, NC <br /> 3. April Montgomery, Chair, Sanford Area Growth Alliance <br /> 4. Daniel Simmons, CEO, Boys and Girls Clubs of Central Carolina <br /> 5. Dr. Jimmy Foster, 702 Cool Springs Road, Sanford, NC <br /> 6. Scott Hadley, Senior Director, Lee and Associates <br /> 7. Kelly Klug, 108 Cricket Hearth Road, Sanford, NC <br /> No one spoke against the proposed project. Chair Dalrymple closed the Public <br /> Hearing. Final_Resolution_Project_1.docx <br /> Motion: Motion to waive policy to delay voting on a public hearing item until <br /> the next meeting. <br /> Mover: Robert Reives <br /> For: 6 -Amy Dalrymple, Arianna Del Palazzo, Dr. Andre Knecht, Robert Reives, Cameron <br /> Sharpe, Kirk Smith <br /> Absent: 1 - Kevin Dodson <br /> Motion Result: Passed <br /> Motion: Motion to approve Resolution memorializing the terms for Project 1. <br /> Mover: Cameron Sharpe <br /> For: 6 - Amy Dalrymple, Arianna Del Palazzo, Dr. Andre Knecht, Robert Reives, Cameron <br /> Sharpe, Kirk Smith <br /> Absent: 1 - Kevin Dodson <br /> Motion Result: Passed <br /> 2 <br />