2010/05/03 RESOLUTION TO CONDUCT PUBLIC HEARING FOR OLDCASTLE ECONOMIC DEV INCENTIVE APPLICATIONI►[U.i1:[4.1407112/l
HARNETT COUNTY
RESOLUTION TO CONDUCT PUBLIC
HEARING FOR OLDCASLETE ECONOMIC
DEVELOPMENT INCENTIVE APPLICATION
THAT WHEREAS, Oldcastle APG South, Inc, a North Carolina corporation, doing business
as Oldcastle Adams Products Co. (hereinafter Oldcastle) procured a 42.17 acre tract in the Edgerton
Industrial Park Ii in Harnett County, N.C. on May 8, 2007, and subsequent thereto constructed an
industrial manufacturing facility which became operational in January 2009; that as part of its
corporate decision to locate a manufacturing facility in Harnett County, Oldcastle advised the Harnett
County Economic Development Commission of its intent to apply for economic development
incentives that Harnett County offers to industrial prospects which locate in Harnett County and meet
certain investment level criteria; and
WHEREAS, in developing and operating its manufacturing facility in Harnett County,
Oldcastle has established a facility tax base in excess of $15 million and has created 30 jobs with an
average per job annual payroll of $40,038; that Oldcastle has made a formal application to the
Harnett County Economic Development Commission under the County's Economic Development
Incentive (EDI) Grant Program; that the EDI Grant Program mandates that the application be
considered by the Harnett County Board of Commissioners after a public hearing pursuant to the
provisions of the Local Development Act in N.C. General Statutes § 158 -7.1; that it is the desire of
the Harnett County Board of Commissioners through this Resolution to direct that a public hearing
be scheduled in order to consider the Oldcastle economic development incentive grant application.
NOW, THEREFORE, BE IT RESOLVED by the Harnett County Board of Commissioners
that the County staff is hereby directed to schedule a public hearing on Monday, May 17, 2010, at 7
o'clock p.m. during the regular meeting of the Board of Commissioners concerning the application
by Oldcastle to Harnett County for economic development incentives and a proposed agreement to
appropriate certain economic incentives to Oldcastle.
This the 3rd day of May, 2010.
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Mar t t Regina 1 heeler, Clerk
COUNTY OF HARNETT
By:
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Timothy 0. PcNeill, Chairman
Harnett C my Board of Commissioners