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2016/03/07 RESOLUTION TO SCHEDULE PUBLIC HEARING TO BE CONDUCTED AT MEETING OF BOARD ON MARCH 21, 2016 CONCERNING PROPOSAL TO EXTEND ECONOMIC INCENTIVES TO JACKSON ENTERPRISES AND/OR 3 M & N FOR LOCATION AND OPERATION OF ZAXBYS FACILITY IN HARNETT. NORTH CAROLINA RESOLUTION HARNETT COUNTY THAT WHEREAS, Jackson Family Enterprises, LLC, a North Carolina Limited Liability Company (Jackson Enterprises) and 3 M & N, Inc., a North Carolina Corporation (3 M & N) have recently established and begun operations of a Zaxby's restaurant facility located off NC Highway 24-87 at 80 Brandywood Court, Cameron, Harnett County, NC 28326; and WHEREAS, Jackson Enterprises and 3 M & N have requested that Harnett County provide certain economic development incentives to Jackson Enterprises and/or 3 M & N which will assist said companies in the establishment of that Zaxby's restaurant facility in Harnett County which will provide a greater tax base, create jobs and increase economic activity for the benefit of the County's citizens; and WHEREAS, pursuant to the provisions of the Local Development Act, N.C. General Statutes §158-7.1, prior to awarding economic development incentives, the Harnett County Board of Commissioners shall hold a public hearing in order to obtain public comment concerning the proposed appropriation of any economic incentives to an applicant business/industry; it is the desire of the Board of Commissioners through this Resolution to direct the scheduling of said public hearing. NOW THEREFORE, BE IT RESOLVED by the Harnett County Board of Commissioners that the Harnett County staff is hereby directed to schedule a public hearing to be conducted at the next regular meeting of the Board on Monday, March 21, 2016, at 7:00 PM concerning a proposal to extend economic incentives to Jackson Enterprises and/or 3 M & N for the location and operation of a Zaxby's restaurant facility in Harnett County. BE IT FURTHER RESOLVED that proper notice of this public hearing be forwarded to all proper parties and published pursuant to N.C. General Statutes §158-7.1. This the 7th day of March, 2016. caM1 COUNTY OF HARNETT go ,,•, • • By: . t1._ * ."-5 :-4 Burgin, Chai A n tit • arnett County :gard of Commissioners yq- eS�= NOTICE OF PUBLIC HEARING The Harnett County Board of Commissioners will hold a public hearing concerning a proposed agreement to extend economic incentives to Jackson Family Enterprises, LLC, a North Carolina Limited Liability Company (Jackson Enterprises) and/or 3 M & N, Inc., a North Carolina Corporation (3 M & N) which have purchased real property off NC Highway 24-87 at 80 Brandywood Court, Cameron, Harnett County, NC 28326 for the construction and operation of an approximate 3,847 square foot Zaxby's restaurant facility. Said public hearing shall take place on Monday, March 21, 2016 at 7:00 o'clock PM during the regular meeting of the Board of Commissioners at the County Commissioner's Meeting Room in the Harnett County Administration Building,located at 102 E.Front Street,Lillington,NC 27546. At that time,any person who wishes to be heard concerning the appropriation of the economic incentives may appear before the Board. The proposed economic incentive package will include a monetary incentive to be paid to Jackson Enterprises and/or 3 M&N in the form of a grant of previously paid County ad valorem taxes which are based upon the companies' investment in real property, constructed Zaxby's restaurant facility and procured business operating personal property and equipment all of which are listed for Harnett County ad valorem taxes. This facility project includes a capital investment of approximately$1.8 million. Four (4) full-time jobs and approximately thirty-five (35) part-time jobs have or will be created as a result of the operation of this restaurant facility. Subject to any information received at the public hearing, it is the intention of the Harnett County Board of Commissioners to approve the incentive appropriation and agreement subject to various restrictions and conditions mandated by N.C. General Statutes §158-7.1. This the 7th day of March, 2016. Harnett County Board of Commissioners