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c100614 III Project LibertyClosed Session III (Project Liberty) October 6, 2014 At 8:00 p.m., already in closed session on another matter, began closed session 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, Frye, Kemp, Lanier and Haywood were present. Also present were County Manager Richard Wells; Will Massie, Assistant County Manager/Finance Officer; County Attorney Ben Morgan; Aimee Scotton, Associate County Attorney; Amanda Varner, Clerk to the Board; Hal Johnson, Planning Director and Bonnie Renfro, Randolph County EDC President. Bonnie Renfro, Randolph County EDC President, updated the Board with the following information: • The Golden Leaf Foundation has awarded the City of Greensboro $2.1 million to begin engineering and environmental studies for water and sewer to the site. • The Golden Leaf Foundation Board has discussed their support for non -roadway infrastructure at all three NC mega sites under consideration. • The NCDOT cost estimate for interchange at Julian Airport Rd to be $13.5 million. • The NCDOT may expend $200,000 to begin environmental assessment for roadway improvements. • The private entity continues to work to secure contracts to acquire land for the Greensboro -Liberty mega site and now have 1838 acres under their control and 534 acres not under control. • Estimated selling costs per acre: $15,500 • State has not responded to email or phone messages from EDC in regards to the state grant being transferred to the Randolph County Development Corp. on behalf of the County. • There is enough acreage under control that the site can move toward certification. Following discussion, the Commissioners still wish to proceed with that transfer pending state approval and agree to move to the certification step. At 8:14 p.m., closed session ended on this topic. J. Harold Holmes, Chairman Darrell L. Frye Phil Kemp Arnold Lanier Stan Haywood Amanda Varner, Clerk to the Board