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2013/05/06 RESOLUTION IN SUPPORT OF THE SALE OF THE ASSETS OF TOWNSEND/OMTRON TO A BIDDER INTERESTED IN OPERATING THE FACILITYHarnett COUNTY www.harnett.org RESOLUTION OF THE HARNETT COUNTY BOARD OF COMMISSIONERS IN SUPPORT OF THE SALE OF THE ASSETS OF TOWNSEND/OMTRON TO A BIDDER INTERESTED IN OPERATING THE FACILITY WHEREAS, at the time that Omtron purchased the Townsend assets out of bankruptcy in February 2011, the company had processing plants in Siler City and Pittsboro, two feed mills and a hatchery, with a labor force of over 1,300; and WHEREAS, estimated 18 contract growers' farms were in Harnett County as well; and WHEREAS, Townsend-Omtron owns over 300,000 square feet of buildings on over 750 acres of land in Chatham County with an assessed value of over $10 million; and WHEREAS, Townsend-Omtron also owns equipment valued at over $14 million; and WHEREAS, loss of income would be over 10,000 per house per year of net profit; farm average about four houses per farm; income loss per year is over $7.2 million; and WHEREAS, all of the 1,300 jobs have been lost after Omtron ceased operations in September 2011 and the contract growers have lost their income stream; and WHEREAS, total economic impact for Harnett County is $64.2 million per year; and WHEREAS, the closure of the Siler City plant resulted in the loss of approximately 30 percent of the town's enterprise fund revenue base, leading the town to have to revise its water rate structure such that the typical customer experienced a 30 percent increase; and WHEREAS, bankruptcy proceedings in the United States District Court for the Middle District of North Carolina appear to be moving toward an auction; NOW, THEREFORE, be it resolved by the Board of Commissioners of Harnett County that the bankruptcy court be encouraged to look favorably on any reasonable bid from an entity proposing to restart the poultry operation. Adopted the 6th day of May, 2013. Attest: et Regina W eler, Clerk strong roots • new growth