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APPROVED 4/6/16 a look at industrial, commercial and manufacturing and all these different things. That 415 would be 28,000,000 square feet over 30 years, divide that by 30 years, that would 416 mean we would need to be expecting to build 947,000 square feet each year. And 417 this is counting the towns… And in the cities and in the county we have a lot of 418 economic development so we would like to see a couple of these a year but there’s a 419 lot of work just to get a 100,000-150,000 square foot building. 420 421 Paul Guthrie: It just occurs to me; If you really go into.. analysis and take a look at 422 some of the current last 12 month sales analysis in terms of where retail sales are 423 taking place and the movement to mail-order operations that can deliver in 24 and 36 424 hours is putting some real stress on the shopping centers. And so, somewhere down 425 the road I think we’re going to start re- calculating whether that is necessarily going to 426 be able to support the kinds of things that we’re talking about. 427 428 Craig Benedict: I’ve seen in some smaller communities, Walmart Express; these 429 little 20,000 square foot buildings. You order and pick it up. 430 431 Tony Blake: Let me ask you this. If I ordered something on Amazon, I pay state sales 432 tax on that but I don’t pay any county sales tax on it, do I? 433 434 Craig Benedict: I’ll have to check on the distribution on that. There’s some new 435 legislation where they’re trying to capture this point of purchase. The formula is 2008 436 used to be population base, so things that were spent around the whole state were 437 given to Orange County based on our population and there’s just one section that was 438 Point of sale. So that’s why in the past Orange County didn’t mind as much. Well, that 439 switched in 2008. We lost $6,000,000 per year, and now they’re working on some new 440 sales tax formulas to try to capture this other information. I agree, I think the whole 441 shopping program.. that you’re going to see this exponential change from in- store 442 shopping to online. 443 444 445 Michael Harvey: Remember that there are state bills being discussed that would either 446 require Amazon or an out of state purveyor to track or provide the state.. so that sales 447 tax can be charged. On your North Carolina taxes you can voluntarily estimate. 448 449 Craig Benedict: So another way of looking at it.. If instead of looking at the square 450 footage you’d talk about how many employees you would get per year county wide, 451 1,670 and.. 100 employees is about a $40,000,000 project for 100,000 square feet so 452 you’d need 16 Moranaga’s to get 1,600 employees. This goes to the square foot 453 depending on how much.. this is just building cost, not counting the equipment in there, 454 you would be getting about $100,000,000 a year. And that would be great on our tax 455 base but, that’s just not happening… A little bit about population growth, this is county 456 wide, it was projected at 70,000 people. That means 2,350 a year, and that doesn't 457 sound like too much to ask for in Orange County. But, let’s find out if all that single 458 family, 65 percent of single family and you get about 2.8 people per unit. If you’re in an 459 urban area you would see 273 acres, or if you’re in a rural area you would need 1,600 460