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Piedmont Value-Added Shared-Use Food & Agricultural Processing Center ~~ <br />July 17, 2008 Agenda <br />1. Introductions <br />2. County Resolutions <br />a. Alamance County <br />b. Chatham County <br />c. Durham County <br />d. Orange County <br />i. "...Agree that the shared monetary compensation for the Valley Forge Road <br />property (item 2 above) will 6e determined later and request that equitable <br />fiscal support among partners be pursued that recognizes the allocation of the <br />Orange Enterprise Building owned by Orange County" <br />ii. Assessed Value <br />1. Land (4.66 acres) $176,847 <br />2. Building (10,400 sq. ft.) $250,973 <br />3. Funding <br />a. Capital Funding Needs <br />i. Project Manager recommended at 10% of development cost <br />ii. Renovation $400,000 <br />iii. Essential Equipment, Installed $299,000 <br />iv. Recommended Equipment„ Installed $357,000 <br />b. Operations & Maintenance <br />i. Salaries, utilities, & maintenance $122,000 per year (est.) <br />ii. Equipment Purchase $ 50,000 per year <br />c. Funding Options <br />i. NC Agricultural Development and Farmland Protection Trust Fund; $132,000 <br />awarded, to be complemented by additional grant funds <br />ii. US Transportation HUD Appropriations; $1,200,000 requested; Floor vote <br />anticipated February 2009 <br />iii. Golden Leaf; RFP deadline Aug 1, 2008; anticipated request $400,000 <br />iv. Tobacco Trust Fund; deadline Aug 1, 2008; anticipated request $400,000 <br />4. Governance <br />a. Transition to Non-Profit Majority Producer Entity <br />b. Update on Caswell & Person County Participation <br />