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4 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 16, 2020 <br /> Action Agenda <br /> Item No. 8-e <br /> SUBJECT: Approval of Two Contracts Associated with the State of North Carolina's <br /> "Building Reuse Grant" Incentive to ABB, Inc. <br /> DEPARTMENT: Economic Development <br /> Manager's Office <br /> Attorney's Office <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. July 23, 2019 Agenda Abstract Steve Brantley, Director, Economic <br /> Related to ABB, Inc. Development Department, (919) 245- <br /> 2. Orange County's Contract with the 2326 <br /> State of North Carolina for the "Rural Travis Myren, Deputy County Manager <br /> Economic Development Grant (919) 245-2308 <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 /> 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 July <br /> 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 /> BACKGROUND: When the Board of Commissioners approved the County's performance-based <br /> incentive agreement ABB on July 23, 2019, it was not requested at that time that the Board allow <br /> the Chair to sign any additional documentation required as part of any State incentives. Once the <br /> County's required role to serve as a "grant administrator" in the State incentive to ABB became <br /> evident, the following two contracts became relevant: <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 /> The State's "Rural Division Building Reuse Grant" was awarded to ABB, Inc. by the North Carolina <br /> Department of Commerce on July 10, 2019, at the maximum $500,000 level. The program <br />