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ORANGE COUNTY <br />NORTH CAROLINA <br />RAICarolantic Fealty <br />12 <br />..0000 <br />• • <br />TIMMONS GROUP <br />Based upon our team's analysis, we have developed the following Study Conclusions and <br />Recommendations for Orange County: <br />Study Conclusions: <br />1. Data Indicates Orange County has legitimate prospect activities and opportunities to close <br />significant deals and needs to align the sites and infrastructure with the market needs. <br />2. There is less developable acreage than originally anticipated in the EDD's and CITAN's. <br />3. Water & Sewer capacity is a major issue and impediment for recruiting high investment ($ per SF) <br />industries such as Food & Beverage, Manufacturing /Bio or IT /Data Centers. <br />4. Orange County has some legitimate properties that can be developed, however, the County needs <br />to be thinking beyond the existing CITAN's and EDD's (i.e. adjusting the CITAN / EDD boundaries <br />as well as water & sewer boundaries). <br />5. Economic Development opportunities can generate significant tax revenues to help pay for <br />Infrastructure, Schools and other key County Services in addition to creating "living wage" jobs. <br />6. Land pricing is an issue that needs to be addressed within the private development community. <br />Immediate Study Recommendations: <br />1. Enter discussions with Mebane to increase available water & sewer capacity within the current <br />agreement. <br />2. Have the Planning Department interact with the Economic Development Department on a regular <br />(monthly) basis and during infrastructure planning stages. <br />3. Work with the Towns and revisit Intergovernmental Agreements to make sure they are conducive to <br />the needs of Economic Development in today's market. <br />4. Approach property owners about willingness to sell key properties within the Buckhorn, Efland and <br />Hillsborough EDD's / CITAN's. <br />5. Align zoning in the CITAN's to be consistent with development <br />6. Prioritize development of the top sites in EDD's / CITAN's <br />a. Buckhorn CITAN: Property on Ben Wilson Road <br />b. Buckhorn EDD: Rohl / Collins Property, Flea Market Property, Clark Property <br />c. East Efland CITAN: 304 Mt Willing Road — Rezone to align with development goals <br />d. Hillsborough EDD: Approach property owner on NW quadrant of intersection of 1 -40 and Old <br />86 to gauge willingness to sell. Closely watch or monitor the (Sagefield Business Park) <br />