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030998CLClosed Session - March 9, 1998 Purchase of Real Property At 6:00 p.m. the Board went into closed session to discuss the acquisition of real property, pursuant to NCGS 143-3 19.11 (a)(5). Commissioners Frye, Kemp, Davis, Holmes, and Mason were present. Also present were Frank Willis, County Manager; Mice Dawson, Clerk to the Board; Man Pugh, County Attorney; Aimee Scotton, Staff Attorney; Walter Sprouse and Bonnie Renfro, Randolph County Economic Development Corporation. Chairman Frye announced that the County has the opportunity to purchase the James and Glenda Scott property near the Asheboro -Randolph Public Library on Cox Street. Mr. Scott is asking $200,000. Frank Willis, County Manager, presented an appraisal done on this property by appraisers in the Randolph County Tax Department. This appraisal shows the market value of the property, which consists of .58 acre and two dwellings, to be $180,000. The Board discussed this offer and authorized Commissioner Kemp to negotiate a price with the Scotts, up to $209,000, the asking price, and to ask for a 90 -day option on the property. Discussion on this item ended at 6:10 p.m. and the Board began discussion on another item designated in their motion to go into closed session. Closed Session - March 9, 1998 Location or Expansion of Industry At 6:10 p.m. the Board, already in closed session on another matter (acquisition of real property), began discussion relating to the location or expansion of business in the area served by this body, pursuant to NCGS 143-318.1 1(a)(4). Commissioners Frye, Kemp, Davis, Holmes, and Mason were present. Also present were Frank Willis, County Manager; Mice Dawson, Clerk to the Board; Alan Pugh, County Attorney; Aimee Scotton, Staff Attorney; Walter Sprouse and Bonnie Renfro, Randolph County Economic Development Corporation. Walter Sprouse told the Board that Sealy, Inc. is considering moving their corporate headquarters, their research and development division, and a manufacturing plant currently in Davidson County to Randolph County in Archdale. They are also considering High Point in Guilford County. They would expect some incentives from the County and from Archdale to locate here. Mr. Sprouse provided flirther information on the company. Mr. Sprouse also announced that Klaussner is considering adding two facilities to their South Fayetteville Street location, which the County contributed $350,000 to for water and sewer extension. One new facility is for a 150,000 -square -foot warehouse distribution center; the other is a 60,000 -square -foot manufacturing plant for casegoods. Each is about a $4,000,000 investment. Klaussner has asked that the County contribute $75,000 for water and sewer. Mr. Sprouse noted that most of the water and sewer would be on Klaussner's private property. Klaussner has also stated that they are considering placing these two facilities in Moore County. Mr. Sprouse told the Board that he is also working with a metal working company from New Jersey who may relocate in Randleman. He is also working with a metal recycling company who is looking at the property in Liberty that is owned by the Randolph County Economic Development Corporation. Chairman Frye recessed this closed session at 6:30 p.m. because of an advertised public hearing set for 6:30 p.m. At 7:30 p.m. the Board reconvened this recessed closed session. The Board discussed at length the issue of offering cash incentives to Sealy and agreed that they would be in favor of giving some kind of incentives because of the number of white-collar jobs that Sealy would provide. They authorized Walter Sprouse to pursue this matter on their behalf Any negotiations tentatively reached by Mr. Sprouse will be discussed at a joint meeting between the County Commissioners and the Archdale City Council. The Board also decided that since Randolph County has never given cash incentives before, they will hold a public hearing during the joint meeting, even though a public hearing is not required by law. After Sealy makes its announcement, a meeting date and place will be determined. The Board then discussed Klaussner's request. They reached a consensus not to participate in this project because they had already contributed $350,000 for water and sewerto this site and because most of the water and sewer for the new construction would be on private property and would not provide potential benefit to other citizens. The closed session ended at 810 p.m. These minutes were approved and unsealed at the April 6, 1998 meeting.