Orange County NC Website
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 /> 1% <br /> company agreed to create at least 360 new full time jobs . <br /> I <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 C <br /> Alternative Financing $ 0 $ 2 , 000 , 000 $ 250001000 <br /> Total Project Funding $ 0 $230003000 $2 , 0005000 <br /> Appropriated for this project : <br /> Current FY 2023 -24 FY 2023 -24 <br /> FY 2023 -24 Amendment Revised <br /> Project Expenditures $ 0 $ 230001000 $ 230007000 <br /> Total Costs $ 0 $ 2 , 0001000 $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 /> r <br /> r <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 k <br /> E <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 /> i <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 /> I: <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 />