C031395 P Times Fibera06�
RANDOLPH COUNTY COMMISSIONERS
CLOSED SESSION MINUTES
March 13, 1995 (Item P)
At 5:25 p.m. the Board went into closed session to discuss matters relating
to the location or expansion of business, pursuant to NCGS 143-318.11(a)(4).
Commissioners Kemp, Frye, Comer, Davis, and Holmes were present. Also present
were Alice Dawson, Clerk to the Board; Alan Pugh, County Attorney; and Walter_
Sprouse, Executive Director of the Randolph County Economic Development
Corporation.
Mr. Sprouse stated that Times Fiber Communications, a company that makes
cable, is looking for a long, narrow piece of property on which to construct a
new facility. They have found a suitable site near Liberty, but water and sewer
would have to be extended about 7000 feet ($93,500 for water; $258,000 for
sewer). The facility would be a $14,000,000 investment, and they would
employee about 100 people. The total estimated cost for the extension is
$443,000 ($350,000 for construction, plus engineering, contingency, etc.). Mr.
Sprouse said he would talk individually to Liberty Town Council members tonight
to see if they would be willing to pay for half the project. The proposed
facility would generate about $65,000 in property taxes per year. Mr. Sprouse
also said that CP&L may be able to help fund this project, perhaps z of it. He
said this would be a good investment because other future industries could
develop there and use this expansion. Mr. Sprouse said that because there is a
need to move quickly, the County, Town of Liberty, and CP&L would build a
private water and sewer system and then sell it to Liberty. We would need an
agreement from Liberty that they would let us hook onto their system and that
they would buy the system from the County.
It was the consensus of the Board to authorize Mr. Sprouse to tell Liberty
officials that if they would pay half, the County would pay $130,000.
The closed session ended at 6:15 p.m.
Martha Comer
,� a A,�
Darrell Frye
Robert Davis
Alice D. Dawson, Clerk to the Board
These minutes were approved at the April 3, 1995 meeting.
These minutes were unsealed at the May 6, 1996 meeting.