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Motion: Motion to waive policy to delay a vote following a public hearing until the <br /> next meeting. <br /> Mover: Arianna Del Palazzo <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 of Project 3. <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 /> IV. Public Hearing Project 4 <br /> Economic Development Director Michael Smith presented a proposed economic <br /> development project referred to as Project 4. Project 4 is a life science manufacturing <br /> project which consists of building construction and the purchase of machinery and <br /> equipment in the amount of at least$1.8 billion dollars in taxable investment with Lee <br /> County sharing up to $ 78,341,030 of the cost of the project with funds from the County's <br /> General Fund over the ten-year life of the project. The project is estimated to create 700 <br /> new jobs with an average annual wage of$110,000 over the ten-year length of the <br /> project. The project is looking at creating a campus environment. They are considering 2 <br /> other locations in NC and one other state and one European location. This is a strategic <br /> location that would be a new park which would help an existing industry in a number of <br /> different ways. Due to the campus they would establish at the site, the temporary <br /> workforce would be 1,000 people. Chair Dalrymple opened the public hearing for Project <br /> 4. <br /> The following person spoke in favor of the proposed project: <br /> - Brenda Clegg, 248 Beulah Brown Road, Sanford, NC <br /> No one spoke against. Chair Dalrymple closed the public hearing. <br /> Final_Resolution_Project_4.docx <br /> Motion: Motion to waive policy to delay a vote following a public hearing until the <br /> 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 of Project 4. <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 /> 4 <br />