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14 <br /> 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 client products earned based on point of delivery <br /> • Local commercial realtor estimated market rent between $12 and $18 per square foot <br /> Total market rent between$124,800 and $187,200 annually <br /> rip A r�r � <br /> ORAR C,"H n UNA } <br /> Travis Myren said there was another question from the Board that staff is working to gather <br /> information on. He said the range is large because of the uniqueness of the facility. <br /> 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 500 Valley Forge Road in Hillsborough for two years. <br /> ORANGE COUNTY <br /> B NC7RtrH C:AR€DLiNA <br /> Commissioner Portie-Ascott asked if there was money set aside for emergency repairs. <br /> Travis Myren said no and that would require a budget amendment. <br />