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6 <br /> 1 Offers direct synergy with the County's existing regional health care presence by UNC <br /> 2 Health Care, Duke Hospital, Veterans Administration Hospital, Wake Med & UNC Rex <br /> 3 Hospital spread among the Triangle area. <br /> 4 <br /> 5 Other Local Governments, State of N.C. Agencies & Utility Partners <br /> 6 • N.C. Department of Transportation (NCDOT) (will make road improvements to West <br /> 7 Ten Road) <br /> 8 • N.C. Community Colleges System & Durham Tech/Hillsborough Campus (will fund <br /> 9 technical training of employees, and strengthen the health care focus of the Hillsborough <br /> 10 campus) <br /> 11 • N.C. Department of Commerce and the Economic Development Partnership of <br /> 12 North Carolina (will provide state incentives, and act a liaison on workforce <br /> 13 development and pre-screening of applicants by NC Works, NCDOT road <br /> 14 improvements, and community college technical training of Medline's new Orange <br /> 15 County employees.) <br /> 16 City of Mebane (site annexation and rezoning, incentives & water/sewer service) <br /> 17 <br /> 18 FINANCIAL IMPACT: The attached "Performance Agreement" contract between Orange <br /> 19 County and Medline Industries, Inc. outlines a total financial impact of up to One Million Eight <br /> 20 Hundred Forty Thousand Nine Hundred Sixty Seven Dollars ($1,840,967.00), payable in five (5) <br /> 21 annual installments. This Inducement Agreement will be performance-based, measured <br /> 22 annually, and based on the Company's actual 5-year capital investment schedule that will <br /> 23 generate new property tax valuation of at least Fifty Five Million Dollars ($55,000,000) in Real <br /> 24 Property, and at least Ten Million Three Hundred Thousand Dollars ($10,300,000) in new <br /> 25 Personal Property, reaching a combined Sixty Five Million Three Hundred Thousand Dollars <br /> 26 ($65,300,000). <br /> 27 <br /> 28 The Company will also create at least Two Hundred Fifty (250) full-time jobs, with full health <br /> 29 care and related employment benefits, and pay an average annual salary of$35,468 per year at <br /> 30 the facility during the first 5 years. Other economic benefit multipliers to the County include <br /> 31 enhanced job skills for those employees through advanced technical training to be provided by <br /> 32 the Orange County campus of Durham Technical Community College in Hillsborough. Also, <br /> 33 construction employment for the new distribution center will create many additional skilled trade <br /> 34 employment opportunities. <br /> 35 <br /> 36 Annual incentive payments by the County will be paid from net new property tax revenues to be <br /> 37 generated by Medline Industries, Inc. and from available Article 46 funds, as required. <br /> 38 <br /> 39 Steve Brantley made the following PowerPoint presentation: <br /> 40 Medline Industries, Inc. <br /> 41 "Protect Tomorrow" <br /> 42 Public Hearing for Incentive Proposal <br /> 43 Southern Human Services Center <br /> 44 September 10, 2019 <br /> 45 Description of Medline's "Prolect Tomorrow" <br /> 46 Investment: $65.3 million (majority in first 2 years) <br /> 47 Employment: 250 new jobs in first 5 years <br />