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The Campus on Vilcom <br />Chapel Hill <br />51,045 sq. ft. <br />$23.00/SF <br />Durham Centre <br />Durham <br />58,592 sq. ft. <br />$17.50/S F <br />200 Lucent Lane <br />Cary <br />60,000 sq. ft. <br />$18.50/S F <br />Commissioner Nelson asked about the types of jobs the 5,000 new jobs include, <br />and Laura Blackmon said they were private sector jobs. Commissioner Nelson said that it <br />is the types of jobs that are important to him and not just the number. He would like for it <br />to be diverse. Laura Blackmon said that she wants to generate discussions about this. <br />Laura Blackman said that one of the questions is whether to make improvements <br />in certain areas that would attract development. By decreasing the amount of time it would <br />take for the property to be ready for use, it would make the area more competitive for <br />economic development. <br />Willie Best said that Orange County does get calls from companies interested in <br />moving to Orange County, but they want to come within 30 days. <br />Willie Best made reference to another PowerPoint presentation from the <br />Economic Development Department, which is incorporated by reference. <br />Orange County Property Tax Base <br />- Property taxes in FY 2005-06 66.03°!0 of General Fund Revenues <br />- 41 percent of all land in Orange County is in the use value program because it is <br />used for agriculture or forestry, and is thus taxes at a reduced rate <br />- 9.6 percent of all land in Orange County is exempt from ad valorem taxes <br />Top Ten Orange County Employers <br />1. UNC-Chapel Hill - 11,000 <br />2. UNC Hospitals - 6,956 <br />3. Chapel Hill-Carrbora City Schools - 1,573 <br />4. Blue Cross & Blue Shield -1,612 <br />5. Orange County Schools - 1,031 <br />6. Orange County Government - 963 <br />7. Town of Chapel Hill - 678 <br />8. General Electric - 501 <br />9. A Southern Season - 501 <br />10. Sports Endeavors - 387 <br />Willie Best said that this gives the Board some opportunities to discuss economic <br />development and what type of jobs Orange County is looking for. He asked the Board <br />what types of businesses an Economic Development Director should look for. He said <br />