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~" ~~. a? <br />~.~~ibit C <br />• ,g <br />R£5(QLUTION APPROVING A LEASE AGREEMENT,. BETWEEN THE <br />GQUrITY OF ORANGE:, NORTH CAROLINA. AND BUxLi3ERS <br />SUPPLY & NUMBER COMPANY,, INC., F:tJR THE BUILDING <br />AND PROPERTY AT 40I VALLEY FQRGE RQAD,;xILLSBQROUGH <br />W~iEREAS, pursuant; to and: in .satisfaction of the requirements <br />of .Section 58-7.1 of the General: Statutes of North.Garolina, the <br />Board of Conunssi9ners, followng:a public hearing, has. <br />Bete=mined. that i.f it leases the bui]:d5ng and, property located at <br />401 Valaey Forge Road to Builders' S-apply & Lumber company, Inc.. <br />per the Lease that, is an exhibit to <br />consir3.eration to orange Gounty will <br />the value of the leasehold: interest <br />County, and more specifically that:. <br />payments made to Qrange Goznty, tog <br />real property, equipment, and sales <br />this Resoluton,: the <br />be equal to or g=eater than <br />to be conveyed b;y Orange <br />the value of the•lease <br />other with the value of the <br />taxes paid to orange County <br />as the result of the Lease, vial 'be equal. to or greater: than the <br />fair market value: .of the interest conveyed,, as determined by a <br />market survey of similar facilities in this area; ,and <br />WHEREAS, pursuant to and i.n further s;atsE'action of Section <br />1S'8-'1.1 o.f, the General Statutes, ,the.. Board of. Commissioners <br />hereby determines that the leasing ref this property to Builders' <br />Supply & Lumbez ~ompanyr Inc. will;stimulata the: local economy:, <br />promote bushes and result i.n the .:reation,of a substantial. <br />number: of jobs in the Gounty at oz above the "median average"' <br />wage in orange Cognty. The median average wage projected to be <br />paid by :Builders' Supply at this facility exceeds the median <br />average wage paid by all: .insured. private i.naustries in Orange <br />• ~ ~ ~ <br />