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C021296BCLOSED SESSION MINUTES February 12, 1996 (Item B) At 6:00 p.m. the Board went into closed session to discuss matters relating to the location of business, pursuant to NCGS 143-318.11(a)(4). Commissioners Kemp, Frye, Comer, Davis, and Holmes were present. Also present were Frank Willis, County Manager; Alice Dawson, Clerk to the Board; Alan Pugh, County Attorney; Walter Sprouse, Executive Director of the Randolph County Economic Development Corporation; john Stanley, Liberty Mayor; and Dr. Ed Butler, Liberty Town Council member; and Hiram Marziano, engineer for Liberty. Mayor Stanley stated that the cost for the Times Fiber Communications project has increased from original projections because insufficient water pressure from Liberty will require them to build a water tower. He said the Town Council wants the tower to be of sufficient height to work in conjunction with their existing water system. Also, water lines for the project have been changed to 8" lines. These changes have added $298,785 to the project. Mayor Stanley requested that the County Commissioners split this additional $298,785 in the following manner: Liberty will pay $150,000 of the increase; the County will pay the remaining $148,785 of the increase. under this new cost-sharing agreement, the County's share will be a total of $278,785, and Liberty's share will be $430,000. on motion of Frye, seconded by Holmes, the Board unanimously agreed to commit $278,785 to the Town of Liberty to help provide the necessary water and wastewater facilities if Times Fiber Communications, Inc. commits to build an industrial facility at the proposed Liberty area site on SR 1006. Mr. Willis pointed out that after Times Fiber Communications publicly announces their decision to locate here, the County Commissioners must vote on this allocation in open session to make it legal and binding. At 6:30 p.m. the Board returned to regular session. Phil Kemp, Chairman Martha Comer Harold Holmes Darrell L. Frye Robert Davis Alice D. Dawson, Clerk to the Board