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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
Document Type
Agenda
Agenda Item
5-a
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22 <br /> EXHIBIT C - INVESTMENT GOAL <br /> Year Ended 2026 2027 2028 2029 2030 <br /> Dec. 31 <br /> Real Property $9,250,000 $0 $0 $0 $0 <br /> Personal $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 <br /> Property <br /> Total Annual $11,250,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 <br /> Investment <br /> The Orange County incentive is based only on the $6,000,000.00 personal property investment, and on <br /> the estimated$500,000.00 to $1,000,000.00 in net new real property investment for upfit improvements <br /> 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 new <br /> buildng upfit improvements. The value of the existing building is not included in the County's incentive <br /> calculation. <br /> Personal Property: <br /> $6,000,000.00 in new taxable machinery and equipment investment. <br /> TOTAL INVESTMENT: $14,500,000.00 - $15,250,000.00 <br />
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