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c050707 II_United Furn-Sewer Ext_Closed Session II (United Furniture -Sewer Ext.) — May 7, 2007 At 7:20 p.m., the Board, already in closed session on another matter, began discussion on a different matter relating to the location or expansion of business in the area, pursuant to NCGS 143- 318.11(a)(4). Commissioners Holmes, Kemp, Frye, Lanier, and Haywood were present, as well as County Manager Richard Wells; Cheryl Ivey, Clerk to the Board; Alan Pugh, County Attorney; Aimee Scotton, Associate County Attorney; Will Massie, Assistant County Manager/Finance Officer; David Townsend, III, Public Works Director; and Bonnie Renfro, Executive Director of the Randolph County Economic Development Corporation. Ms. Renfro said that United Furniture Industries (UFI) has relocated to the former Confluence Watersports plant in Glenola and plans to complete their purchase of the facility this summer. Their location decision was contingent on the ability to have sewer at the building. Construction of a new sewer line is underway funded by grants and local investment as shown: Estimated project budget: $ 750,000 Community Development Block Grant $ 500,000 Rural Center Grant Local match Archdale $ 25,000 Randolph County $ 25,000 Total: $1,300,000 The City of Archdale has invested an additional $125,917 in the sewer project due to cost overruns as well as engineering and legal fees totaling an additional $24,400, bringing their total investment to $175,000 for the project. Randolph County secured an additional grant from the NC Rural Center up to $177,000 to address environmental contamination at the site caused by previous owner Cone Mills. The location of new sewer line was adjusted during the engineering process to avoid rock and the potential soil contamination. That has created additional costs to United Furniture to service the building they occupy as well as their planned expansion of 175,000 to 200,000 sq. ft. They are requesting assistance with this cost. Following discussion, the Board's consensus was to participate in a $40,000 performance-based grant to assist United Furniture Industries with their sewer line construction. On motion of Frye, seconded by Kemp, the Board voted unanimously to resume open session at 7:30 p. m. J. Harold Holmes, Chairman Darrell L. Frye Phil Kemp Arnold Lanier Stan Haywood Cheryl A. Ivey, Clerk to the Board