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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: October 18, 2022 <br /> Action Agenda <br /> Item No. 8-h <br /> SUBJECT: Inspection Period Extension for the Executed Lease Agreement with Well Dot, <br /> 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) May 24, 2022 Agenda Abstract: Travis Myren, Deputy County Manager, <br /> Public Hearing Regarding Proposed (919) 245-2308 <br /> Lease Agreement and Economic Steve Brantley, Economic Development <br /> Development Incentive Agreement Director, (919) 245-2326 <br /> for Well Dot, Inc. Steve Arndt, Asset Management <br /> 2) Signed Lease Agreement between Director, (919) 245-2658 <br /> Orange County & Well Dot, Inc. <br /> 3) Lease Agreement Amendment <br /> Letter <br /> PURPOSE: To consider extending the 120-day inspection period contained in the lease <br /> agreement between the County and Well Dot, Inc. by 45 days to accommodate additional <br /> groundwater testing. <br /> BACKGROUND: Well Dot, Inc. has an existing office location in Orange County at 419 W. <br /> Franklin St., Chapel Hill, highlighted in red on the map below, which will accommodate up to 85 <br /> employees in senior management. To house an additional 300+ jobs Well Dot plans to hire <br /> through 2025, a second location was needed in downtown Chapel Hill. The Company identified <br /> the County's former Visitors Bureau building and the adjacent space previously occupied by the <br /> Skills Development Center as its desired location. These properties, highlighted in purple on the <br /> map below, are located at: <br /> • 501 W. Franklin Street, Chapel Hill, NC 27517 (PIN) 9788151996 <br /> • 503 W. Franklin Street, Chapel Hill, NC 27517 (PIN) 9788151829 <br /> • 108 S. Roberson Street, Chapel Hill, NC 27517 (PIN) 9788152822 <br />