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Agenda 12-09-2025; 5-a - Public Hearing Regarding a Proposed Economic Development Recruitment Incentive and Performance Agreement Between Orange County and CITEL America, Inc. (Project Rooster)
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Agenda 12-09-2025; 5-a - Public Hearing Regarding a Proposed Economic Development Recruitment Incentive and Performance Agreement Between Orange County and CITEL America, Inc. (Project Rooster)
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12/4/2025 3:10:46 PM
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BOCC
Date
12/9/2025
Meeting Type
Business
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Agenda
Agenda Item
5-a
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Agenda for December 9, 2025 BOCC Meeting
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34 <br /> Forecast of CITEL's <br /> Capital Investment Schedule <br /> 2026 ,Mi 2027 2028 <br /> Real_ $91250,000 $0 $0 $0 $0 $97250,000 <br /> • • <br /> Personal <br /> $2,000,000 $1 ,000,000 $1 ,000,000 $1 ,000,000 $1 ,000,000 $6,000,000 <br /> Property <br /> • $1192509000 $1 ,000,000 $1 ,000,000 $1 ,0009000 $1 ,000,000 $15,250,000 <br /> The Orange County incentive is based only on the $6,000,000.00 personal property <br /> investment, and on the estimated $500,000.00 to $1 ,000,000.00 in net new real property <br /> investment for upfit improvements to be made to the existing building. <br /> Real Property: <br /> Up to $9.25 million for an existing building, which includes CITEL making up to $1 ,000,000 in <br /> new building upfit improvements. The value of the existing building is not included in the <br /> County's incentive calculation. <br /> ert ORANGE COUNTY <br /> Personal Pro <br /> pert y NORTH CAROLINA <br /> $6,000,000.00 in new taxable machinery and equipment investment. <br />
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