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Agenda 11-19-19 Item 5-a - Public Hearing Regarding an Economic Development Recruitment Incentive for Piedmont Metalworks, LLC
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Agenda 11-19-19 Item 5-a - Public Hearing Regarding an Economic Development Recruitment Incentive for Piedmont Metalworks, LLC
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11/14/2019 12:27:17 PM
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BOCC
Date
11/19/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
5-a
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2020-037 Economic Dev - Piedmont Metalworks LLC performance agreement
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2020's\2020
Agenda 11-19-19 Business Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 11-19-19 Business Meeting
Minutes 11-19-2019 Business Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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Attachment 3 33 <br /> PUBLICATION INSTRUCTION: Please publish the following notice in the Special Notice Section <br /> of the Classified Advertisements as early as Thursday, November 7, 2019 and by no later than <br /> Friday, November 8, 2019. The County Seal should be placed above the announcement. <br /> t <br /> m <br /> 17 5� <br /> r <br /> 1� <br /> v�. axe <br /> PUBLIC HEARING <br /> Tuesday, November 19, 2019 — 7:00 PM <br /> SOUTHERN HUMAN SERVICES CENTER <br /> 2501 Homestead Road, Chapel Hill, NC 27516 <br /> NOTICE OF PUBLIC HEARING REGARDING PROPOSED ECONOMIC <br /> DEVELOPMENT INCENTIVE AGREEMENT FOR PIEDMONT METALWORKS, LLC <br /> Notice is hereby given that in accordance with North Carolina General Statute 158-7.1 the <br /> Board of Commissioners of Orange County (the "Board") will hold a public hearing on <br /> Tuesday, November 19, 2019 at 7:00 PM at Orange County's Southern Human Services <br /> Center facility, located at 2501 Homestead Road, Chapel Hill, NC 27516 concerning <br /> Orange County entering into an Economic Development Incentive Agreement with <br /> Piedmont Metalworks, LLC to encourage the company to locate a manufacturing facility in <br /> the County. <br /> The Board will consider the appropriation of county general funds for the purpose of <br /> entering into an Economic Development Incentive Agreement with Piedmont Metalworks, <br /> LLC., a sheet metal manufacturing company, in an amount not to exceed Eighty Six <br /> Thousand Two Hundred Sixty One Dollars ($86,261.00), payable in five (5) annual <br /> installments over a five year period. These funds will be used to assist the company with <br /> expenses associated with establishing the company in Orange County, to include site <br /> development and facility construction costs. Recruitment of Piedmont Metalworks, LLC to <br /> Orange County will create public benefits for the County including the creation of 42 new <br /> full time jobs, plus benefits, and a new capital investment in Orange County of $4,150,000. <br /> Anyone interested in the Economic Development Incentive Agreement or the nature of <br /> Piedmont Metalworks, LLC may appear and be heard at the public hearing. Anyone who <br /> wishes to make comments in writing prior to the public hearing may do so by mailing or <br /> delivering such comments to the Board of Commissioners of Orange County, c/o Clerk to <br /> the Board of Commissioners, 200 S. Cameron Street, Hillsborough, North Carolina 27278. <br />
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