c090401Closed Session — September 4, 2001, 5:00 p.m.
At 5:00 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 Frye, Holmes, and Davis were present, as well as County Manager Frank Willis;
Alice Dawson, Clerk to the Board; Cheryl Ivey, Deputy Clerk; Alan Pugh, County Attorney;
Aimee Scotton, Staff Attorney; Bonnie Renfro from Randolph County Economic Development
Corporation; Mike Walker, Seagrove Mayor; and Darius Luck with Luck's Corporation
Bonnie Renfro told the Board that Wade Technical Molding is looking to expand and
relocate somewhere within Randolph County. They are currently located on N. Fayetteville
Street in Asheboro. With the relocation, they estimate the creation of 44-55 new jobs within 24
months with a potential investment of $4.35 million in capital equipment and $2 million in real
property. They look to make a decision in early fall of 2001 regarding their new location.
Luck's Corporation, which has just announced that they will be closing sometime in
2002, has offered to sell their wastewater system. The system specifications are as follows:
• Currently permitted for 41 million gallons per year (125,000 gpd) with spray field
operation
• Use is 20-24 million gallons per year (60% of capacity)
• Lagoon has 500,000 gallons capacity (3 days holding capacity)
• Currently using 40 acres for wastewater system
• Luck's owns adjacent 60 -acre site, of which 29 acres available for expansion of system
• Can support up to 3 0-3 5 million gallons of additional capacity per annum
• Tax valuation of treatment system, spray field land, and reserve land equals $65,000
• Estimated cost to develop the reserve land is $350,000
• Estimated cost to build a system of comparable structure based on a $10/gallon cost is
$1,200,000
• Estimates based on dated figures provided by Land Design Environmental
• Estimated minimum asking price for the system is $1.2-1.5 million
The Town of Seagrove has expressed interest in acquiring the wastewater system from
Luck's using the following possible funding sources:
• $600,000 + remaining grant funds from N.C. Rural Center
• CDBG up to $440,000 for the Wade Technical Molding existing industry project (Town
of Seagrove applicant)
• USDA bond financing or state clean water or revolving fund sources
• $75,000 RBEG from USDA for Wade Technical Molding project (EDC applicant)
• Local public sources as needed
Next, Ms. Renfro updated the Board about an automotive -related company who is interested
in obtaining 60-200 acres for construction of a large distribution facility (2 million sq. ft.) and
who could potentially provide a $250 million investment and 100 jobs (Phase One) for the
county. They are interested in the west side of Liberty Business Park and the southern half of the
South Liberty site. The company requires a rail spur track, extension of water and sewer to the
site, and industrial access from NC 49 and may require the construction of an on-site water
tower. The company initially stated their intent to use unionized workers, but now say that they
do not wish to eliminate non-union communities from consideration.
Ms. Renfro also mentioned that a Japanese -owned auto parts producing company, who
requires 130 acres for construction of a 600,000 sq. ft. manufacturing facility and potentially
could provide a $100 Million investment with about 500 jobs, is also looking at the west side of
Liberty Business Park.
On motion of Davis, seconded by Holmes, the Board voted unanimously at 6:20 to
adjourn from closed session and resume regular session.
Darrell L. Frye, Vice Chairman Robert B. Davis
J. Harold Holmes
Cheryl A. Ivey, Deputy Clerk to the Board