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<br /> AFFIDAVIT OF PUBLICATION
<br /> Account# Order Number Identification Order PO Amount Cols Depth
<br /> 94057 250063 Print Legal Ad-IPL0069555 $585.00 2 90 L
<br /> Attention: Steve Brantley STATE OF NORTH CAROLINA
<br /> Orange County Economic Development COUNTY OF WAKE
<br /> 131 W.Margaret Lane,Suite 205 Before the undersigned,a Notary Public of Dallas
<br /> Hillsborough,NC 27278 County,Texas,duly commissioned and authorized to
<br /> administer oaths,affirmations,etc.,personally
<br /> appeared Tara Pennington,who being duly sworn or
<br /> affirmed,according to law,doth depose and say that he
<br /> -- -- -- -- -- --- -- --- -- -- -- -- -- --- --- --- --- --- --- or she is Accounts Receivable Specialist of the News&
<br /> Observer Publishing Company,a corporation organized
<br /> f and doing business under the Laws of the State of North
<br /> Carolina,and publishing a newspaper known as The
<br /> 17 52 Durham Herald-Sun,Durham and State aforesaid,the
<br /> said newspaper in which such notice,paper,document,
<br /> e or legal advertisement was published was,at the time of
<br /> °qtr, �scos�° each and every such publication,a newspaper meeting
<br /> NOTICE OF PUBLIC NEARING REGARDING PROPOSED LEASE all of the requirements and qualifications of Section 1-
<br /> AGREEMENT AND ECONOMIC DEVELOPMENT INCENTIVE AGREE- 597 of the General Statutes of North Carolina and was a
<br /> MENT FOR WELL DOT,INC.
<br /> qualified newspaper within the meaning of Section 1-597
<br /> PUBLIC HEARING ; of the General Statutes of North Carolina,and that as
<br /> Tuesday,May 24,2022-7.00 PM such he or she makes this affidavit;and is familiar with
<br /> 3 Wit Tryonilding the books,files and business of said corporation and by
<br /> Hillsborough,NC 27278 reference to the files of said publication the attached
<br /> Notice is hereby given that in accordance with North Carolina General Statute advertisement for Orange County Economic
<br /> 158-7.1 the Board of Commissioners of Orange County(the"Board")will hoW Development was inserted in the aforesaid newspaper
<br /> a public hearing on Tuesday,May 24,2022 at 700 PM at the Whiffed Building
<br /> 300 W.Tyron St.,Hillsborough,N.C.27278.This public hearing concerns Or- on dates as follows:
<br /> ange County entering into two agreements outlined below with Well Dot.,Inc.
<br /> to encourage the company to expand health care IT operations in the County.
<br /> LEASE OF COUNTY PROPERTY No.of Insertions: 1
<br /> Pursuant to an economic development project the Board of County Commission-
<br /> ers of Orange County intends to vote at its meeting on May 24,2022 on whether Beginning Issue of: 04/22/2022
<br /> or not to enter into a lease of the following county-owned property: g g
<br /> 501 W.Franklin Street,Chapel Hill,NC 27517 PIN 9788 15 1996
<br /> 503 W.Franklin Street,Chapel Hill,NC 27517 PIN 9788 15 1829 Ending Issue of: 04/22/2022
<br /> 108 S.Roberson Street,Chapel Hill,NC 27517 PIN 9788 15 2822
<br /> The lease of the property will be made to Well Dot,Inc.,a Delaware Corpora-
<br /> tion with facilities in Chapel Hill,North Carolina,for a term of ten years for the F
<br /> purpose of general office use related to healthcare operations. Upon mutual
<br /> agreement of the parties the lease may be renewed for two additional five year
<br /> terms. In consideration of the lease Well Dot,Inc.,will pay Orange County an h
<br /> initial deposit of Two Hundred Fifty Thousand Dollars($250,000.00)and a base
<br /> rental fee of Thirty Three Thousand Seven Hundred Fourteen Dollars and Six- 4}
<br /> ty-seven Cents($33,714.67)per month for the full term with a two percent(2%)
<br /> increase beginning in year seven of the Lease.Any renewal will reflect similar
<br /> base rental fees and increases.On any lease anniversary date during the initial I certify or declare)under penalty o perjury that the
<br /> term Well Dot,Inc.,may exercise an option to purchase the property.Upon the foregoing is true and correct.
<br /> exercise of the option to purchase,the price shall be based on appraisals using g g
<br /> income methodology with each parry selecting an independent appraiser and
<br /> negotiating any differences in the appraisals to arrive at a purchase price,but
<br /> shall also be less the value of the initial deposit and rent paid up to the date of
<br /> closing.Additional lease terms are available for review at the office of the Orange
<br /> County Clerk to the Board of Commissioners.
<br /> ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT
<br /> The Board will consider the appropriation of county general funds for the
<br /> purpose of entering into an Economic Development Incentive Agreement with
<br /> Well Dot,Inc.,a Delaware Corporation with health care operation facilities in
<br /> Chapel Hill,North Carolina.The amount is not to exceed Two Million Dollars. Notar Public in and for the state of Texas,residin in
<br /> ($2,000,000)payable in not more than four(4)installments equaling the actual y g
<br /> eligible expenditures then incurred by the Company to the date of such expendi- Dallas las Count
<br /> lure over a period of not more than two(2)years from the first installment.These a y
<br /> funds will be used to offset facility development,upfit,remodeling,expansion,
<br /> and acquisition costs. Location of the current Well Dot,Inc.facility in Orange
<br /> County will create public benefit for the County including the creation of 360
<br /> new fulltime jobs,at an annual rate of Sixty Three Thousand Six Hundred Sixty •' ,yf'
<br /> Five dollars($63,665.00)plus benefits,and new capital investment in Orange q p
<br /> County of$3,493,600. Y L S �11317 61
<br /> Anyone interested in the Economic Development Incentive Agreement or the yaI� ^�—a �,I��,+y� +yyyy
<br /> nature of Well Dot,Inc.may appear and be heard at the public hearing.Anyone •4;�f pe 41i�S�Ls�r tl,lLL
<br /> who wishes to make comments in writing prior to the public hearing may do so .vN
<br /> via email to ocbow@orangecountync.gov.Interested persons may contact the
<br /> Orange County Economic Development office at 919-245-2325 with any ques-
<br /> tions. Extra charge for lost or duplicate affidavits.
<br /> IPL0069555
<br /> Apr 22 2022 Legal document please do not destroy!
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