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Agenda - 09-10-19 Item 1 - Public Hearing Regarding an Economic Development Recruitment Incentive for Medline Industries, Inc. (Project Tomorrow)
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Agenda - 09-10-19 Item 1 - Public Hearing Regarding an Economic Development Recruitment Incentive for Medline Industries, Inc. (Project Tomorrow)
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BOCC
Date
9/10/2019
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Special Meeting
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Agenda
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1
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Agenda - 09-10-19 Special Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 09-10-19 Special Meeting
Minutes 09-10-2019 Special Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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5 <br /> The next aerial map illustrates the relation of the City of Mebane's current city limits (shown in <br /> dark gray shading) and extraterritorial jurisdiction (ETJ) area (light gray shading) in relation to <br /> Medline's site location (red boundary lines) within the County's Buckhorn Economic <br /> Development District. <br /> Orange County, North Carolina <br /> Rohl/Surrounding Site <br /> 41, i it 0 <br /> x r <br /> p _ Pti P 70 � NATHAN N R OARS OR <br /> ? 6VNRS}pNG7ON ST EXT o r Z�Y w <br /> ti <br /> 9 � <br /> t z <br /> o �k. <br /> r <br /> COUSIN OR g¢ <br /> 0 <br /> s w <br /> FRhDERD a <br /> pAKW <br /> 000 ST i_. / <br /> - n INDUSTRIAL DRqp <br /> Tom' V <br /> �. <br /> OLD CO UNYRYLN 7 <br /> WVLSON RD ``AA''tt �� <br /> �I <br /> j i gent RGry tryv _ . <br /> FP <br /> � O i <br /> z m <br /> DANNY DR a Ze rc - - v 'r <br /> wESTTEN RD <br /> 3 I{1 m <br /> 6°WMAN RP <br /> �5 <br /> s <br /> L <br /> p Za �EENA.CT <br /> � y <br /> 0 <br /> JONA1� �O JOHANN LANE �4i <br /> ORANGE COUNTY <br /> 0 Site of Interest �c?J� NORTH CAROLINA <br /> 0 Parcels <br /> / y 1 in=1,5601e¢I <br /> L S - W1N0} k 0000[==�Feet <br /> - Mebane City Limits '/ °aRs° _ 0 1,500 <br /> Mebane ETJ \� ! o,an cncy Pannln9 aid nsPeclion <br /> DC 8512019 <br /> (6) Competing Site Locations — GarnerMake County NC, Oxford/Granville County NC, <br /> Richmond VA, Knoxville TN <br /> Orange County's Performance-Based Incentive Proposal: <br /> The proposed economic development inducement incentive follows the County's current <br /> incentive formula that has been previously utilized with other industrial prospects. The incentive <br /> will be performance-based with respect to the County's annual verification of Medline Industries' <br /> targeted increases over a 5 year period in (1) employment, wages & benefits, and, (2) new <br /> taxable real & personal property additions, as the Company establishes its' Orange County <br /> presence. Incentives would only be paid following confirmation of the Company's required <br /> annual threshold growth in these measures, and, on a pro-rata reimbursement in case the <br /> company's targeted growth in any year lags current growth projections. <br />
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