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5 <br /> ProjectionsOrange County Property Tax Revenue <br /> New Property Tax $5,086,350 <br /> Revenues Collected <br /> Incentive Payments t 844 967 <br /> Annual Net Revenues $3,245,383 <br /> State of North Carolina R City of Mebane-Supplemental Recruitment Incentives: <br /> The Company has also received financial inducement proposals from the State of North <br /> Carciina and the City of Mebane,as follows: <br /> State of North Carolina-Incentives <br /> Discretiona Grant <br /> N.C-Department of Commerce ONE NC FUND $500,000 <br /> Workforce bevel Gpment S upport <br /> N.C.Community College S stem's Customized Training $225,OD0 <br /> Public Road Access Im rovenwrns to West Ten Road <br /> N-C-Department of Trans ortation 1 000 000 <br /> Total Sf 72 004 <br /> City of Mebane-Incentives <br /> Performance Based Incentive-5 years $653,O150 <br /> Waiver of Development Fees _ $150.000 <br /> Total $803.000 <br /> 1 <br /> 2 <br /> 3 City of Mebane— Incentives, Annexation & Rezoning <br /> 4 • August 12, 2019 — Mebane Planning Board received the six () individual land owners' <br /> 5 petition to request annexation, and rezoning (to M-2, light manufacturing & distribution), <br /> 6 and voted unanimously to endorse and forward to the Mebane City Council. <br /> 7 • September 9, 2019 - Mebane City Council is scheduled to meet and hold public hearings <br /> 8 which are expected to authorize the City's approval of local incentives, and, annexation <br /> 9 and rezoning of the 6 adjacent parcels (totaling 172.79 acres) representing Medline's <br /> 10 preferred site, which is located north of West Ten Road in the County's designated <br /> 11 Buckhorn Economic Development District. <br /> 12 <br /> 13 Benefits of Attracting Medline Industries to Orange County <br /> 14 • Initial creation of 105 professional & blue collar jobs in the first two (2) years, rising to <br /> 15 250 jobs by year#5, and eventually 500 - 600 jobs in 5— 10 years, paying at or above <br /> 16 $15 per hour average wage with full health care, retirement, educational and <br /> 17 performance bonus benefits. <br /> 18 • Well-established national health care firm committed to building a green, environmentally <br /> 19 conscious LEED certified facility, and precedent to fill the large rooftop with solar panels. <br /> 20 • Good potential to attract Medline's in-house light manufacturing subsidiaries of medical <br /> 21 products on both sides of the West Ten Road site. Company routinely refers to 2-3 likely <br /> 22 vendors that may follow and co-locate. <br /> 23 • Medline's $65.3 million investment would make the firm Orange County's largest <br /> 24 manufacturing property taxpayer. <br /> 25 • This distribution operation is a low water user and does not put heavy manufacturing <br /> 26 related challenges on the environment. <br /> 27 • The site connects to the County's Article 46-fund utility lines that were strategically <br /> 28 placed in the Buckhorn Economic Development District to attract non-residential new <br /> 29 business. <br /> 30 • Establishes another successful public/private partnership between Orange County and <br /> 31 the City of Mebane to grow the industrial tax base and new employment in a designated <br /> 32 "Rural Census Tract" area. <br />