10-4-21 BOC Regular Meeting - Laserfiche WebLink

Home Browse Search

V.0 Approve Resolution for Project Frame Project Frame is a building products manufacturing project, which consists of building a construction and the purchase of machinery and equipment in the amount of at least $18,000,000 in net new taxable investment. Lee County intends to share up to $275,595 of the cost of the projects with revenues from the County's General Fund over the five-year life of the project. The project is estimated to create at least 235 net new jobs with an average annual wage of$50,720 over the length of the project. The Board held a public hearing on the proposed economic development incentive for Project Frame on September 8, 2021. Two people spoke in favor of the proposed project and one person spoke against the project. SAGA is requesting approval of a resolution memorializing the basis parameters of the incentive. If the company decides to locate here, Staff will then negotiate an agreement and bring it back to the Board for approval. Final Resolution Frame 10.4.21.docx Motion: Motion to approve the Resolution for Project Frame. Mover: Robert Reives For: 7 - Arianna Lavallee, Dr. Andre Knecht, Robert Reives, Cameron Sharpe, Kirk Smith, Bill Carver, Mark Lovick Motion Result: Passed V.D Consideration of Sandhills Center Resolution by Counties to Expand Board of Directors Sandhills Center CEO Victoria Whitt was present on behalf of the Board of Directors to present a Resolution for the Board's consideration. There are seven LME/MCO's in NC of which Sandhills is one. For the past two years there have been issues with Cardinal which is located in Mecklenburg County. Due to problems, the secretary disbanded the Board of Directors and brought in a new CEO, however problems have continued and counties have expressed concerns. Cabarrus, Mecklenburg and Forsyth counties indicated their intent to disengage from Cardinal. In June of this year the secretary acknowledged these counties rights to disengage from the LME/MCO. At the same time the other counties began to look at other LME/MCO's to leave Cardinal and realign. The Secretary then decided Cardinal would no longer be solvent, and has proposed a merger with Viant. Those 20 counties had to decide whether to stay with Cardinal and be assumed by Viant or go with other merger partners. Sandhills was contacted by some of the counties regarding a merger. Davidson and Rockingham County are the two counties contiguous to the Sandhills region and had many of the same characteristics and would be a good fit for Sandhills Center. Back in July both counties passed a resolution to disengage from Cardinal and realign with the Sandhills Center. Sandhills is looking at a December 1 merger date for Rockingham and Davidson Counties. NCACC also worked with the state and Senate Bill 594 has been passed and ratified which addresses a formula where the cardinal fund balance will be addressed to the Counties that are leaving. The formula was vetted through the NCACC and through the LME/MCOs to make sure the fund balance and risk reserve are divided among the counties that are leaving. Sandhills would receive the Davidson and Rockingham funds. The rural factor did not affect Davidson but did affect Rockingham County. Will receive Medicaid payments and the state funds that would have gone to Cardinal along with applicable federal funds. Sandhill's has worked with Davidson and Rockingham Counties and the transferable funds for Davidson is $824k and for Rockingham is $600k