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12 <br /> 2. Eno Economic Development District <br /> Orange County has invested $250,000.00 in Article 46 funds to pay for utility line engineering <br /> design drawings for the Eno Economic Development District. However, due to the absence of <br /> completed sewer line infrastructure, and extended delays for the County to re-establish required <br /> interlocal agreements and/or utility extension agreements with the City of Durham, Orange County's <br /> Economic Development Department has been unable to effectively market or aggressively recruit non- <br /> residential tenants to these 2 areas. <br /> Several reputable commercial developers representing major tenants have shown interest to locate <br /> in the Eno EDD, but have been unable to pursue property due to timing delays between the County and <br /> City of Durham to complete the necessary sewer line extension. There is one site of approximately 50 <br /> acres that is under contract. <br /> 3. Hillsborough Economic Development District <br /> Orange County has also invested $250,000.00 in Article 46 funds to pay for utility line engineering <br /> design drawings for the Hillsborough Economic Development District.The Hillsborough EDD was <br /> reviewed by the Board of Commissioners in late 2020 and received approval for a master plan rezoning <br /> application for the developer Barrister Commercial (proposed Research Triangle Logistics Park). This <br /> developer anticipates investing at least$130 million to build up to 2.4 million square feet of distribution <br /> and light manufacturing space on 160 acres.As the RTLP business park is built and filled with tenants, <br /> the jobs and additional investment in property tax valuation would add a significant contribution to <br /> Orange County's local economy. RTLP fact sheet: https://www.commercialsea rch.com/pdfs/6FEEEB86- <br /> 73A7-46D0-SCBE-623 BEE8405B7 <br /> Q. Companies Recruited by Orange County <br /> Total Budgeted Article 46 Funding Amount: $1,985,304 (Incentives) <br /> Since Article 46 was first approved by Orange County voters in 2011, seven (7) companies have been <br /> recruited with performance-based financial incentives approved by the Board of Commissioners. <br /> Incentive payments are made from available Article 46 funds. For the purposes of estimation, each <br /> companies' projected investment amount is used to gauge the potential assessed real and personal <br /> property tax value, while the actual incentive is based on the actual tax value at the time of the <br /> payment. <br /> Five (5) of these incentivized companies located or expanded in the Buckhorn Economic <br /> Development District, while two (2) located in the Town of Chapel Hill. Below is a summary of the six (6) <br /> incentivized projects (AKG, Morinaga, ABB, Medline, Piedmont Metalworks, and Wegmans).Article 46 <br /> funds have played an important role in the recruitment of new and expanding businesses for the <br /> majority of these companies through EDD infrastructure and incentive payments. <br />