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14 <br /> 1 Slide #7 <br /> Tax 'Value and Market Comparisons <br /> Land and facility valued at$965,100 <br /> • Value of property tax exemption <br /> — Orange County-$8,061.48 <br /> — Orange Rural Fire-$1,012.39 <br /> • PFPC pays business personal property tax on equipment valued at$67,470 <br /> — Orange County-$563,58 <br /> — Orange Rural Fire-$70.78 <br /> • County sales tax on PFPC cllent products earned based on point of delivery <br /> • Local commercial realtorestimated market rent between X12 and X18 per square foot <br /> — Total market rent between$124,800 and $187,200 annually <br /> ORANGE COUNTY <br /> 7 NC3fCI-H C_MZC7LIMA <br /> 2 <br /> 3 Travis Myren said there was another question from the Board that staff is working to gather <br /> 4 information on. He said the range is large because of the uniqueness of the facility. <br /> 5 <br /> 6 Slide #8 <br /> Recommendation <br /> • Approve and authorize the Chair to sign a renewal of the management services agreement <br /> with the Piedmont Food Processing Center to continue operations at the County owned <br /> property at 5010 Malley Forge Road in Hillsborough for two years. <br /> ORANGE COUNTY <br /> B hfC]It-I-FI C1t.RC]LL hIA. <br /> 7 <br /> 8 Commissioner Portie-Ascott asked if there was money set aside for emergency repairs. <br /> 9 Travis Myren said no and that would require a budget amendment. <br />