c080502IIClosed Session II— August 5, 2002, 5:48 p.m.
At 5:48 p.m. the Board adjourned to closed session to discuss matters relating to the
location of expansion of business in the area, pursuant to NCGS 143-318.11(a)(4).
Commissioners Kemp, Frye, Holmes, Mason and Davis were present, as well as County
Manager Frank Willis; Cheryl Ivey, Deputy Clerk; Alice Dawson, Clerk; Alan Pugh, County
Attorney; David Townsend, III, Public Works Director; and Bonnie Renfro from Randolph
County Economic Development Corporation.
Bonnie Renfro updated the Board on the following projects:
• Food processor for Liberty shell building. A California-based company with strong
financials is seeking sole east coast manufacturing and distribution facility to process a
pastry product. This is not a big water and sewer user. The company has requestsed
information about potential incentives
Investment: $10-12 million
Jobs: 80 year 1; 300 year 3
• Kalen. A commercial printing operation (relocating from Greensboro) is looking at the
Worcester Controls facility, which is closing. They would locate two printing operations
and a printing equipment supply in the facility.
Investment: $4 million equipment
$1.6 million facility and site
Jobs: 30 current
20 new
• Simplex Industries. A manufacturer of modular homes is considering the Greenfield site
in Liberty (north of Times Fiber). There would be 60,000 s.f of new construction on 15
acres. They are seeking incentives or assistance with cost of water/sewer to site for Lot
IA in the Liberty Business Park. Estimated cost of infrastructre is $40,000.
Investment: $34 million total investment
Jobs: 24 salaried; 67 production
• Tower Components. A plastic injection molder located in leased facility on US 311 has
outgrown its current location and has an 11.8 acre site under option on Hwy 64 west of
Ramseur. They would have to be annexed into Ramseur.
Investment: $750,000 real property
$500,000 new equipment
$500,000 existing equipment
$1.25 million total
Jobs: 26 current; 13 new
Requirements: water and sewer extension at a cost estimate of $160,000
• Metalworking company. Company located in High Point is seeking incentives to assist
potential owner/investor in purchase of a facility. They are seeking $350,000-$400,000 in
local dollars to match Governor's Competitive Fund. Bonnie will try to move forward on
this within the next 60 days or company will be liquidated.
Investment: $1 million per annum over the next 3 years
$1 million in existing equipment
Jobs: 41 current; 45-50 over 3 years
At 6:00 p.m., on motion of Davis, seconded by Frye, the Board voted unanimously to
return to regular session.
Phil Kemp, Chairman
J. Harold Holmes
Robert B. Davis
Darrell L. Frye
Robert O. Mason
Cheryl A. Ivey, Deputy Clerk to the Board