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• <br /> VIETRI <br /> INCORPORATED <br /> March 30, 1989 <br /> Mr. Fred Cates, Mayor <br /> Town Of Hillsborough <br /> P.O. Box 429 <br /> Hillsborough, NC 27278 <br /> Dear Mr. Cates, <br /> It has come to my attention that the North Carolina legislature has <br /> a bill before it to impose a $1 per square foot impact fee in addition <br /> to the current fee. <br /> As you know we have made an offer on 6.61 acres located in Hillsborough <br /> where we plan to build a 30,000 square foot warehouse/office facility. <br /> If this new proposed fee passes, our fees to build in Hillsborough <br /> will be as follows: <br /> Current fee at $1600/acre $10,576 <br /> Proposed fee at $1/sq.ft. 30,000 <br /> $40,576 <br /> This additional $30,000 fee is prohibitive to our current building <br /> plan and will cause us to abandon this plan and explore other possibilities <br /> outside the Hillsborough and Orange County jurisdiction. <br /> Vietri is a rapidly growing company, which we feel would be an asset <br /> to any community. We employee 25 people currently and have ever- <br /> increasing personnel needs. Hillsborough has proven a good environment <br /> for Vietri. We would like to relocate our business and remain in <br /> this comunity, but as previosly stated, cannot justify the additional <br /> expense if the proposed legislation is enacted. <br /> We hope every effort is made to see that this proposed tax does not <br /> affect the Hillsborough area. <br /> S. erely, <br /> Susan E. Gravely, Presiders <br /> SEG <br /> pk <br /> Post Office Box 460, Hillsborough, North Carolina 27278-0460, Telephone 919-732-5933 <br />