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3 <br /> offers up to $2 million for the company to use to offset facility development and remodeling <br /> costs. These funds will be borrowed with an average annual debt service payment of <br /> approximately $137,000. Proceeds from the lease will be used to pay the debt. The <br /> company agreed to create at least 360 new full time jobs. <br /> This amendment appropriates $2,000,000 in the County Capital Fund for incentive <br /> payments through the following capital ordinance: <br /> Well Dot($2,000,000) - Project# 10088 <br /> Revenues for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Alternative Financing $0 $2,000,000 $2,000,000 <br /> Total Project Funding $0 $2,000,000 $2,000,000 <br /> Appropriated for this project: <br /> Current FY 2023-24 FY 2023-24 <br /> FY 2023-24 Amendment Revised <br /> Project Expenditures $0 $2,000,000 $2,000,000 <br /> Total Costs $0 $2,000,000 $2,000,000 <br /> 3. In order to recognize the rent and deposit revenue that will offset the debt service, this <br /> amendment appropriates $67,430 in the Debt Service Fund to recognize the lease revenue <br /> to be paid by Well Dot, Inc. in Fiscal Year 2023-24, and transfers the initial lease deposit <br /> of$250,000 from the County Capital Reserve fund to the Debt Service Fund. <br /> 4. The NC Department of Commerce has agreed to support the County's incentive agreement <br /> with ABB, Inc. The County has received $500,000 of pass-through funding from the State's <br /> Building Reuse Grant Program as ABB, Inc. has met the company's 2022 capital <br /> investment goal and has created 378 new jobs. These funds will be recognized in the <br /> Article 46 Sales Tax Fund outside of the General Fund, and will be provided directly to <br /> ABB, Inc. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is <br /> applicable to this item: <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding <br /> necessary for residents to provide shelter, food, clothing and medical care for <br /> themselves and their dependents. <br /> Health Department <br /> 5. The Health Department requests to amend the County Fee Schedule to include the new <br /> fees detailed in Attachment 2. These changes to the fee schedule do not affect revenues <br /> budgeted for FY 2023-24. The proposed modifications are to more accurately reflect cost <br /> and to recognize new services for which a fee will be charged. The Respiratory Syncytial <br /> Virus (RSV) fees that are additions or increases are billed to private insurance in cases <br /> where patients have insurance, and in cases where patients are uninsured or <br />