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c031014-I-GoodyearClosed Session I (Goodyear) March 10, 2014 At 9:40 p.m., the Board convened closed session on a matter relating to the location or expansion of business in the area, pursuant to NCGS 143-318.11(a)(4) and to instruct the public body's staff or negotiating agents concerning the position to be taken by or on behalf of the public body in negotiating the price and other material terms of a contract or proposed contract for the acquisition of real property by purchase, option, exchange, or lease, pursuant to [N.C.G.S.143-318.11(a)(5)(i)]. 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; Cheryl Ivey, Clerk to the Board; and Bonnie Renfro, Randolph County EDC President. EDC President Bonnie Renfro and County Manager Richard Wells briefed the Board on the status of the vacant former Goodyear building in North Asheboro. County and City officials visited the property on February 7 to inspect the site. The building is in rough condition and will need repairs. Environmental testing is being done and the groundwater has been determined to be good. Ms. Renfro said that she had met with Malt -o -Meal Brands on February 27 to evaluate their interest in the site. M -O -M has an immediate need for a distribution center closer to the Asheboro plant and plans to lease a building in Winston-Salem for up to three years. They plan to build a new distribution center in Asheboro starting in 24 months. They are interested in a portion (35 acres) of the Goodyear site for that distribution center, especially if Commerce Place is extended by the City of Asheboro to provide access to Pineview Road. However, they are not planning to purchase the property for that purpose at this time. Ms. Renfro said that another company is interested in the building for a new manufacturing plant. They have contacted and requested that Darr Construction provide an inspection, evaluation and cost estimates for repair and renovation. That process is underway. Ms. Renfro said that she would keep the Board apprised of any new information. At 9:52 p.m., closed session ended on this topic. J. Harold Holmes, Chairman Darrell L. Frye Kemp Stan Haywoo Arnold Lanier Cheryl A. Ivey, Clerk to the Board