Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: May 24, 2022 <br /> Action Agenda <br /> Item No. 5-a <br /> SUBJECT: Public Hearing Regarding Proposed Lease Agreement and Economic <br /> Development Incentive Agreement for Well Dot, Inc. <br /> DEPARTMENT: Economic Development, <br /> County Manager's Office, <br /> County Attorney's Office, & <br /> Asset Management Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1) Resolution with Lease Agreement Travis Myren, Deputy County Manager, <br /> between Orange County & Well (919) 245-2308 <br /> Dot, Inc. Steve Brantley, Economic Development <br /> 2) Performance Agreement between Director, (919) 245-2326 <br /> Orange County & Well Dot, Inc. Steve Arndt, Asset Management <br /> 3) Company Summary PowerPoint Director, (919) 245-2658 <br /> 4) Public Hearing Media Notice <br /> 5) PowerPoint Presentation for the <br /> Public Hearing <br /> PURPOSE: To: <br /> 1) Receive and hold a public hearing on the proposed lease agreement and issuance of a <br /> "performance-based" economic development incentive by the County to a private <br /> company; and <br /> 2) Consider adopting a resolution authorizing approval of the proposed lease agreement and <br /> economic incentive agreement, with claw-back provisions, for the expansion of Well Dot, <br /> Inc.'s health care IT operations in Orange County, NC. <br /> BACKGROUND: Local and state governments in North Carolina have the goal to promote <br /> economic development by encouraging the location of new businesses and the expansion of <br /> existing businesses. This activity serves to diversify the local tax base, increase employment <br /> opportunities and introduce desired job skills and related benefits to a community, and for the <br /> benefit of its residents. The Local Government Act, North Carolina General Statute (NCGS) 158- <br /> 7.1, outlines the requirements of public hearings, and NCGS 158-7.1(a) specifically addresses <br /> the requirement that economic development appropriations "must be determined by the governing <br /> body of the city or county to increase the population, taxable property, agriculture industries, <br /> employment, industrial output, or business prospects of the city or county". This public hearing <br /> has been scheduled in compliance. <br />