Agenda - 05-16-1995 - VII-A - Laserfiche WebLink

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•e 1 r ORANGE COUNTY BOARD OF CONMUSSIONERS Action Agenda Item Abstract Meeting Date: May 16, 1995 VII-A Subject: Utility Extension Reimbursement Department: Economic Development Public Hearing X Yes No Attachments: Information Contact: -Letter from Armstrong Ted Abernathy(Extension 2325) -Utility Extension Fund Procedures Telephone Numbers: Hillsborough 732-8181 Durham 688-7331 Mebane 227-2031 Chapel Hill 967-9251/968-4501 Purpose: To conduct a public hearing to consider utilizing the current Water and Sewer Policy and Utility Extension Fund to re-imburse Armstrong World Industries, Inc. for improvements to the water system serving the industrial area on Oakwood Street Extension. The improvement increases water pressure for fire protection and will allow Armstrong to purchase and expand a currently vacant building. Background: Armstrong World Industries, a company that manufactures foam insulation for pipe, has proposed buying a building near Mebane vacated by Greenwich NOS/Chock Full o'Nuts in Fall 1994. Phase I is proposed to be the,purchase and renovation of this building. No process water is used in this manufacturing process, except for recycling coolant water. Air emissions are permitted through the NC Dept of Environment, Health and Natural Resources. Employment at opening is projected to be 50-60 people,with end-of-first-year employment projected to be 110. Except for some management personnel, all employees would be hired locally. Armstrong has expressed interest in hiring those laid off by Greenwich Mills, and considering Orange County JOBS referrals. Net taxbase increase for the $8 million project is expected to be$5,448,434; annual net tax revenue increase; $48,219; five year net tax revenue$241,093. Future phases of the project will bring employment up to 125;buildings on the 20 acres of vacant adjacent land may also occur. The company has requested Orange County use its Utility Continued to Page 2