192013Dec

Notice of Public Hearing for December 30, 2013

NOTICE OF PUBLIC HEARING

STATE OF NORTH CAROLINA COUNTY OF ALAMANCE

PLEASE TAKE NOTICE the Alamance County Board of Commissioners, will hold a Public Hearing on December 30, 2013 at 9:00 a.m. in the Commissioners’ Meeting Room, 2nd floor of the County Office Building, 124 W. Elm St., Graham, NC. The purpose of the meeting will be to receive comments on a proposal to extend economic development incentives for a proposed distribution facility to be constructed in the Alamance County, City of Graham and City of

Mebane Economic Development zone. The proposed incentive would include the acquisition by the Cities of Graham and Mebane and the County of Alamance of approximately 186 acres of land to be conveyed to the company in accordance with the provisions of NCGS 158-7.1(d). The estimated value of the interest to be conveyed is $4,339,000.00. The consideration for the conveyance will be the company’s agreement to construct upon the site within five years, improvements consisting of a distribution center and related facilities which will employ not less than 450 people and which will increase the tax base by not less than $85,000,000.00. Following the public hearing, it is the intent of the County Commissioners to consider the approval of the proposed incentive after making the determinations and contractual agreements required by NCGS 158-7.1.

This 19th day of December 2013.

Tory M. Frink, Clerk to the Board Alamance County Board of Commissioners