Orange County NC Website
<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 16, 2020 <br /> <br />Action Agenda <br /> Item No. 8-e <br /> <br />SUBJECT: Approval of Two Contracts Associated with the State of North Carolina’s <br />“Building Reuse Grant” Incentive to ABB, Inc. <br /> <br />DEPARTMENT: Economic Development <br />Manager’s Office <br /> Attorney’s Office <br /> <br /> <br /> <br /> <br /> <br />ATTACHMENT(S): <br />1. July 23, 2019 Agenda Abstract <br />Related to ABB, Inc. <br />2. Orange County’s Contract with the <br />State of North Carolina for the “Rural <br />Economic Development Grant <br />Agreement Building Reuse Program” <br />incentive for ABB, Inc. <br />3. Orange County Contract with ABB, <br />Inc. and Affiliate Firm Industrial <br />Connections & Solutions, LLC <br /> <br />INFORMATION CONTACT: <br />Steve Brantley, Director, Economic <br />Development Department, (919) 245- <br />2326 <br /> Travis Myren, Deputy County Manager <br /> (919) 245-2308 <br /> <br /> <br /> <br /> <br /> <br /> <br />PURPOSE: To approve and authorize the Chair to sign two contracts, on behalf of Orange <br />County, related to the State of North Carolina’s “Building Reuse Grant” incentive awarded on <br />July 10, 2019 to ABB, Inc., a local manufacturing industry. This State incentive requires Orange <br />County’s participation as part of the “pass through” process for $500,000 in North Carolina <br />Department of Commerce funds to transfer from the State to the County, and then to ABB, Inc. <br /> <br />BACKGROUND: When the Board of Commissioners approved the County’s performance- <br />based incentive agreement ABB on July 23, 2019, it was not requested at that time that the <br />Board allow the Chair to sign any additional documentation required as part of any State <br />incentives. Once the County’s required role to serve as a “grant administrator” in the State <br />incentive to ABB became evident, the following two contracts became relevant: <br /> <br />(1) North Carolina Department of Commerce’s “Rural Economic Development Grant <br />Agreement Building Reuse Program” contract with Orange County (Attachment 2) <br />(2) Orange County’s supplemental contract with ABB, Inc. and it’s affiliate firm Industrial <br />Connection & Solutions, LLC (Attachment 3) <br /> <br />The State’s “Rural Division Building Reuse Grant” was awarded to ABB, Inc. by the North <br />Carolina Department of Commerce on July 10, 2019, at the maximum $500,000 level. The <br />1