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T <br /> y � <br /> 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> MEETING DATE: November _, 1996 <br /> Action end� <br /> Item # S—S <br /> SUBJECT: Lease with Builders' Supply & Lumber Company, Inc. <br /> DEPARTMENT: Economic Development PUBLIC HEARING: X Yes No <br /> (Has been held) <br /> ATTACffi�NT(S) : INFORMATION CONTACT: <br /> April 1, 1996 Agenda Item Abstract Ted Abernathy (Ext.2326) <br /> Minutes of April 1, 1996 Board meeting Geoffrey Gledhill (732-2196) <br /> April 12, 1996 Letter to Builders' <br /> Supply <br /> Resolution including proposed TELEPHONE NUMBERS: <br /> Lease Agreement Hillsborough - 732-8181 <br /> Durham - 699-7331 <br /> Mebane - (910) 227-2031 <br /> Chapel Hill - 967-9251/ <br /> 968-4501 <br /> Purpose: To consider adopting a Resolution approving a lease <br /> agreement between Orange County and Builders' Supply & Lumber <br /> Company, Inc. for the property now occupied by Georgia-Pacific on <br /> Valley Forge Road in Hillsborough commencing October 1, 1997 . <br /> Background: On April 1, 1996 the Board of Commissioners held a <br /> public hearing to receive public comment on a proposed long term <br /> lease between Orange County and Builders' Supply & Lumber Company, <br /> Inc. At the conclusion of the public hearing the Board of <br /> Commissioners unanimously indicated the intent of Orange County to <br /> enter into a long term lease agreement with Builders' Supply for <br /> the Valley Forge Road industrial property that will be owned by the <br /> County on October 1, 1997. The Resolution that accompanies this <br /> Agenda Abstract confirms that decision. The Lease that is an <br /> Exhibit to the Resolution recites - as covenants the economic and <br /> other benefits to Orange County that provide the inducement to the <br /> County to commit this property to Builders' Supply long term. <br /> Recommendation: Approve the Resolution. <br /> lsg-6 <br /> builders.abs <br />