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17 <br />RES- 2013 -078 Attachment 2 <br />ORANGE COUNTY BOARD OF COMMISSIONERS <br />RESOLUTION AUTHORIZING A PERFORMANCE -BASED INDUCEMENT GRANT <br />BETWEEN ORANGE COUNTY & MORINAGA AMERICA FOODS, INC. <br />WHEREAS, North Carolina General Statute 158 -7.1 authorizes a county to <br />undertake an economic development project by extending assistance to a <br />company in order to cause the company to locate or expand its operations within <br />the county; and <br />WHEREAS, the Board of Commissioners of Orange County has held a public <br />hearing to consider whether to participate in an economic development project <br />with Morinaga America Foods, Inc., and the County has offered to the Company <br />an inducement package as hereinafter set forth; and <br />WHEREAS, Morinaga America Foods, Inc. will construct a facility of approximately <br />98,000 sq. ft. for the manufacture of the Hi -Chew candy, making an investment of <br />at least $34 million and creating at least 90 new, permanent jobs in Orange <br />County, and <br />WHEREAS, this economic development project will stimulate, diversify and <br />stabilize the local economy, promote business in the County, and result in the <br />creation of a substantial number of jobs in the County, and <br />WHEREAS, but for the offer of an inducement package the Company would not <br />be locating its manufacturing facility within Orange County, and <br />WHEREAS, the Company has agreed to meet and continue meeting the minimum <br />investment and employment requirements as hereinafter set forth, and <br />WHEREAS, the State of North Carolina and the City of Mebane, North Carolina <br />have offered separate inducement packages to the Company; <br />