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HomeMy WebLinkAboutAgenda - 09-06-2018 Item 1 - Economic Development Districts – Follow-up from Board RetreatORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 6, 2018 Action Agenda Item No. 1 SUBJECT: Economic Development Districts — Follow -up from Board Retreat DEPARTMENT: County Manager's Office & Economic Development ATTACHMENT(S): A — Timmons Report Executive Summary With Study Recommendations Full 182 Page Report Only Available Electronically at: http: / /cros3 .revize.com /revize /orangecount y /document center /CountyCommissioners / Economic %20Development %20District% 20SWOT %20Analysis %20F1 NAL %20Rep ort %20FEB18 %20(1 B — Excerpt from January 26, 2018 Board of Commissioners Retreat Minutes C — Article 46 Sales Tax Report INFORMATION CONTACT: Travis Myren, 919 - 245 -2308 Steve Brantley, 919 - 245 -2326 PURPOSE: To discuss economic development strategy and implementation issues raised during the 2018 Board of Commissioners Retreat. BACKGROUND: During FY2017 -18, the County retained the Timmons Group to conduct an analysis of the areas in the County that are designated for economic development activity. The Report (Executive Summary provided at Attachment A — Full 182 Page Report available at http: // cros3 .revize.com /revize /orangecounty /document center /CountyCommissioners /Econo mic% 20Development% 20District %20SWOT %20AnaIVsis %20FI NAL %20Report %20FEB 18 %20( 1 ).pdf) concluded that Orange County's Economic Development Districts (EDD's) and Commercial Industrial Transition Activity Nodes (CITANs) create legitimate opportunity for development, but the sites need to be better aligned with market needs and expectations. The Board of Commissioners received the report during the 2018 Board of Commissioners Retreat. The discussion during the Retreat (see minutes in Attachment B) raised more strategic issues about how economic development priorities are established, framed, and executed given PIA current economic development limitations and the County's recent experience with industrial recruiting. The work session discussion will attempt to clarify the strategic issues raised by the Board during the 2018 retreat and provide direction to staff on future economic development goals and tactics. Staff will provide information and facilitate a discussion on the following questions and themes: 1. What is the context for economic development in Orange County? The Board has adopted a social justice goal and an operational goal related to economic development. The social justice goal is to Ensure Economic Self Sufficiency and is further defined as, "The creation and preservation of infrastructure, policies, programs and funding necessary for residents to provide shelter, food, clothing and medical care for themselves and their dependents." The Board's adopted operational goal is to, "Implement planning and economic development policies which create a balanced, dynamic local economy, and which promote diversity, sustainable growth, and enhanced revenue while embracing community values." On an operational level, economic development may also influence the Board's current policy priorities: • Tax base growth to pay for increased demand for public services • Living wages and housing • Transportation • Environmental preservation • Impacts on the criminal justice system • Economic diversification and quality of life 2. What activities are included in the category of economic development? How should those activities be prioritized? • Arts • Commercial and Industrial Recruiting • Small Business Development • Agricultural Development • Tourism 3. How much money is the County currently investing in economic development? Specifically, how are Article 46 funds being allocated? What is the return on investment for those activities? 4. What is the current land use framework in which economic development may occur? K 5. What is the tax base profile and how has it changed over time? How has recent economic activity changed the tax base? 6. What is happening in the Economic Development Districts that may impact future economic development strategy? • Status of water and sewer extensions • Encroaching residential development • Practical considerations of expanding utilities in the Eno Economic Development District 7. What are the potential next steps for discussion and implementation? • Using objective criteria identify the most marketable sites within the current areas designated for economic development. • Reduce development risk by preparing a site for development • Identify willing sellers • Conduct due diligence • Gain property control for price certainty • Extend utilities and other infrastructure • Pre -zone property in the areas designated for economic development that are within the County's zoning jurisdiction • Reexamine the boundaries of areas designated for economic development • Investigate the potential for research and development sites in cooperation with area universities • Reexamine the uses of Article 46 sales tax revenue • Review permitting and regulatory procedures with respect to barriers to efficient processing FINANCIAL IMPACT: The discussion will focus on current investments and appropriations. SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to this item: • GOAL: ENSURE ECONOMIC SELF SUFFICIENCY The creation and preservation of infrastructure, policies, programs and funding necessary for residents to provide shelter, food, clothing and medical care for themselves and their dependents. RECOMMENDATION(S): The Manager recommends the Board discuss economic development strategy and implementation issues and provide direction to staff on future economic development work. C! ORANGE COUNTY NORTH CAROLINA Prepared by TIMMONIS GROUP YOUR VISION ACHIEVED THROUGH CURS. IMICamlantic Realty � F"d L - -d,MU 4.uuasa 1M:- 10AIlk, For Orange County Economic Development February 2018 ORANGE COUNTY NORTH CAROLINA Table of Contents NAICarolantic Fealty 1 ,.1i: -�. A P"d r4.0'- tia,u:i.,. 4'O AJ-. , 5 TIMMONS GROUP ExecutiveSummary .......................................................................................... ..............................3 Study Recommendations For Each Specific EDD and CITAN ........................ .............................12 ProjectBackground ......................................................................................... .............................14 GISSite Inventory ............................................................................................ .............................17 ExistingData Collection ........................................................................................... .............................17 General Site Analysis Approach .............................................................................. .............................18 SiteAssessment Study .................................................................................... .............................21 Economic Development Corridor Findings ...................................................... .............................23 Water Sewer Management Planning and Boundary Agreement Map ...................... .............................28 General County Utility Background .......................................................................... .............................29 UtilitySummary Table ........................................................................................... ............................... 31 SiteSummary Table ................................................................................................ .............................32 BuckhornEDD Summary ........................................................................................ .............................33 AreaSummary .......................................................................................... .............................33 Summary of Wet Utility Infrastructure ........................................................ .............................34 Summary of Dry Utility Infrastructure ......................................................... .............................35 Summary of Transportation and Access ................................................... .............................35 RoadMap .................................................................................................. .............................36 HillsboroughEDD .................................................................................................... .............................37 AreaSummary .......................................................................................... .............................37 Summary of Wet Utility Infrastructure ........................................................ .............................38 Summary of Dry Utility Infrastructure ......................................................... .............................39 Summary of Transportation and Access ................................................... .............................39 RoadMap .................................................................................................. .............................39 ENOEDD ................................................................................................................ .............................40 AreaSummary .......................................................................................... .............................41 Summary of Wet Utility Infrastructure ........................................................ .............................41 Summary of Dry Utility Infrastructure ......................................................... .............................42 Summary of Transportation and Access ................................................... .............................43 RoadMap .................................................................................................. .............................43 BuckhornCITAN ..................................................................................................... .............................44 AreaSummary .......................................................................................... .............................44 Summary of Wet Utility Infrastructure ........................................................ .............................45 Summary of Dry Utility Infrastructure ......................................................... .............................45 Summary of Transportation and Access ................................................... .............................46 RoadMap .................................................................................................. .............................47 EastEfland CITAN .................................................................................................. .............................48 AreaSummary .......................................................................................... .............................48 Summary of Wet Utility Infrastructure ........................................................ .............................49 1 I Page ORANGE COUNTY NORTH CAROLINA NAICarolantic Fealty l �. ..0000 • • TIMMONS GROUP Summary of Dry Utility Infrastructure ......................................................... .............................49 Summary of Transportation and Access ................................................... .............................50 RoadMap .................................................................................................. .............................50 WestEfland CITAN ................................................................................................. .............................52 AreaSummary .......................................................................................... .............................52 Summary of Wet Utility Infrastructure ........................................................ .............................53 Summary of Dry Utility Infrastructure ......................................................... .............................53 Summary of Transportation and Access ................................................... .............................54 RoadMap .................................................................................................. .............................55 HillsboroughCITAN ................................................................................................. .............................56 AreaSummary .......................................................................................... .............................56 Summary of Wet Utility Infrastructure ........................................................ .............................56 Summary of Dry Utility Infrastructure ......................................................... .............................57 Summary of Transportation and Access ................................................... .............................57 RoadMap .................................................................................................. .............................57 Cornelius............................................................................................................... ............................... 58 AreaSummary .......................................................................................... .............................58 Summary of Wet Utility Infrastructure ........................................................ .............................58 Summary of Dry Utility Infrastructure ......................................................... .............................59 Summary of Transportation and Access ................................................... .............................59 RoadMap .................................................................................................. .............................59 SWOTAnalysis Summary ....................................................................................... .............................61 Strengths................................................................................................. ............................... 61 Opportunities........................................................................................... ............................... 61 Weaknesses............................................................................................ ............................... 62 Threats.................................................................................................... ............................... 62 RecommendationsPrioritized .................................................................................. .............................64 Immediate Recommendations ................................................................... .............................64 Long -term Recommendations ................................................................. ............................... 67 Appendix A — Presentations Appendix B — Area Maps 2 1 Page ORANGE COUNTY NORTH CAROLINA EXECUTIVE SUMMARY RAICarolantic Fealty 11 N ..0000 • • TIMMONS GROUP Orange County has seen a significant rise in prospect activity in recent years, but has had limited success getting projects to "land" in Orange County due to a multitude of reasons. As such, Orange County Economic Development hired the team of Timmons Group, Britt Nance Collaborative and NAI Carolantic Realty in May 2017 to complete an Economic Development Site Related SWOT Analysis of Economic Development Districts (EDD's) and Commercial - Industrial Transition Activity Nodes (CITAN's) located along the Interstate 40 and Interstate 85 corridor. This report includes a summary of the findings and recommended next steps for Orange County. Orange County currently has eight (8) CITAN's and EDD's that were established in 1986 (over 30 years ago). These include the following: EDD / CITAN Size Eno EDD 776 acres Hillsborough EDD 703 acres Buckhorn EDD 900 acres Buckhorn CITAN 719 acres West Efland CITAN 242 acres East Efland CITAN 433 acres Hillsborough CITAN 4 acres Hillsborough CITAN 46 acres Geographic Advantage Orange County is in an excellent location in North Carolina and Southeastern United States to take advantage of the current economic upswing and have long -term sustainable and responsible economic development growth. Conveniently located in central North Carolina at the intersection of 1 -40 and 1 -85, just west of the Research Triangle Park and to the east of the Piedmont Triad, Orange County is the "gateway" from Southeastern to Northeastern United States and Eastern North Carolina. With eleven (11) Interstate interchanges located in Orange County, and eight (8) Interstate interchanges within the CITAN's and EDD's, the 1 -40 and 1 -85 traffic counts reveal a significant opportunity for Orange County to further leverage their geographic position along the east coast and as this potential "gateway ". A review of the 2015 NCDOT traffic counts (see below) indicates traffic consistent with other large metropolitan areas throughout North Carolina, such as Charlotte, Raleigh or Greensboro. 31 Page ORANGE COUNTY NORTH CAROLINA RAICarolantic Fealty ilf.1,1. V1 Atwb, LV TIMMONS GROUP This represents a significant "revenue" and growth opportunity for the County on multiple fronts. Each vehicle that passes through the County is a potential customer for a local business or could represent an opportunity for an economic development prospect to take advantage of the transportation infrastructure to locate a business convenient to global markets. Orange County Economic Development Opportunities Missed Over the last several years, Orange County Economic Development staff has been tracking prospect opportunities (RFI's, RFP's, etc.). A review of the data indicates that Orange County has been missing out on some significant economic development opportunities, of which if the County had "ready to go" sites and /or the appropriate water and sewer infrastructure, could have landed in the County. We've summarized these missed opportunities below: Manufacturing Sector: Between April 2015 and June 2017, Orange County missed out on approximately $1.3 billion to $1.6 billion in manufacturing opportunities that could have created between 2,400 and 2,555 "living wage" and executive level jobs in Orange County. The requested water & sewer demands ranged from 2.4 to 2.8 MGD (water) and 2.2 to 2.6 MGD (sewer) respectively, often times exceeding the available capacity within their service territories. Initiation Interstate 2015 Traffic Counts Investment 1 -40 58,000 to 73,000 1 -85 43,000 to 47,000 1 -40 & 1 -85 98,000 to 103,000 This represents a significant "revenue" and growth opportunity for the County on multiple fronts. Each vehicle that passes through the County is a potential customer for a local business or could represent an opportunity for an economic development prospect to take advantage of the transportation infrastructure to locate a business convenient to global markets. Orange County Economic Development Opportunities Missed Over the last several years, Orange County Economic Development staff has been tracking prospect opportunities (RFI's, RFP's, etc.). A review of the data indicates that Orange County has been missing out on some significant economic development opportunities, of which if the County had "ready to go" sites and /or the appropriate water and sewer infrastructure, could have landed in the County. We've summarized these missed opportunities below: Manufacturing Sector: Between April 2015 and June 2017, Orange County missed out on approximately $1.3 billion to $1.6 billion in manufacturing opportunities that could have created between 2,400 and 2,555 "living wage" and executive level jobs in Orange County. The requested water & sewer demands ranged from 2.4 to 2.8 MGD (water) and 2.2 to 2.6 MGD (sewer) respectively, often times exceeding the available capacity within their service territories. Initiation Investment Site Size Water Sewer Industry Industry Type fobs Date (million) (Acres) (GPD) (GPD) April 2015 Italian Specialty Food Processing $50 300 30,000- 30,000- Meat Mfgr 60,000 60,000 June 2015 Manufacturing Biopharmaceutical $450-600 275-300 30 100,000 - 80,000 - Lab 160,000 130,000 Aug 2015 Manufacturing Pharmaceutical $325 500 15-20 636,000 636,000 Sep 2015 Manufacturing Air Separation $35 1S-25 5-10 72,000 - 11,500- 122,000 21,600 Nov 2015 Manufacturing Food Processing $20 -$25 100 30 100,000 100,000 Jan 2016 Manufacturing, Food $35 150 20 40 52,800- 52,800- processing 264,000 264,000 Sep 2016 Manufacturing Chemicals $65-$75 60-70 40-100 300,000- 300,000- 400,000 400,000 Oct 2016 Manufacturing Textile $30-$70 17S-260 2S-35 500,000 470,000 Feb 2017 Manufacturing Biopharmaceutical $150 - $200 150 10 133,000 107,000 Mar 2017 Manufacturing Medical $180 600 50-75 200,000 200,000 June 2017 Manufacturing Food Processing 75-100 30 250,000 200,000 $1.34 to 2,400 to 5 to 100 2.37 to 2.19 to Totals $1.6 Billion 2,555 acres 2.83 MGD 2.59 MGD 41 Page ORANGE COUNTY NORTH CAROLINA IVAICarolantic Realty .I I.Lt, tid.a.i�.. V, v6jr h, 9 ..0006 • TIMMONS GROUP Economic Development Projects that went to Alamance County: Between September 2012 and November 2017, Alamance County announced six (6) economic development projects, mostly in the logistics / distribution sector, with investments totaling $392.8 million, that created 1,304 jobs with average annual wages ranging from $35,374 to $80,000 per job on sites ranging from 10 to 186 acres. It's important to note that Orange County had a legitimate opportunity to recruit and potentially land these same projects in Orange County, but didn't have either adequate sites or adequate incentives to close the deal. Announced Potential Investment Potential Jobs Investment Jobs Site Size Distribution / Alamance $393 Million Company Site Location $328 million 1,100 Totals Building Size (SF) Date (million) Announced (acres) Sep Sheetz Distribution Burlington (1737 $52 254 44 250,000 -12 Center White Kennel Rd.) Dec -13 Wal -Mart Mebane - NC $100 550 186 450,000 Distribution Center Commerce Park Lid[ Distribution Mebane - NC 80 full time Jul -15 $125 90 850,000 Center Commerce Park 120 hourly Aug -16 Prescient Mebane - NC $18.8 205 20 135,000 Commerce Park Nov -16 Lotus Bakeries Mebane - NC $50 60 20 160,000 Industrial Center Nov -17 Airgas Mebane - NC $47 35 10 Industrial Center Totals $392.8 1,304 370 1.845 Million SF Project Sky: Project Sky, currently an active project as of the date of this report, is a large grocery distribution center project that represents a $328 million investment with 1,100 jobs at an annual average wage of $41,000 per year. The project has not been announced, however, as of the date of this report Orange County has had four (4) site visits to the County and the Board has met in closed session to pre- authorize local incentives. When you combine these opportunities with the current Project Sky Distribution Center, then Orange County has missed out on approximately $2.0 to $2.3 billion of opportunities with the potential for over 4,800 jobs to be created. Missed Opportunities from 2012-2017 Potential Investment Potential Jobs Manufacturing $1.3 to $1.6 Billion 2,400 to 2,555 Distribution / Alamance $393 Million 1,304 Project Sky $328 million 1,100 Totals $2.0 to $2.3 Billion 4,804 to 4,959 51 Page ORANGE COUNTY NORTH CAROLINA Potential Annual Tax Revenue HAICarolantic Fealty ..d 14..d r'Lt. tid..,.ia V, 11,1,116, 10 TIMMONS GROUP These potential Economic Development investments can generate significant annual tax revenue for Orange County. Below is a summary table based upon the 2017 Real Estate tax rate of $0.8377 per $100 real estate value, with a potential corresponding Capital Investment that could be made due to this potential Annual Tax Revenue. Real Estate Investment Annual Tax Revenue ($0.8377 per $100) Capital Investment (20 yrs @ 4 %) $100,000,000 $837,700 $11,520,000 $200,000,000 $1, 675,400 $23,040,000 $300,000,000 $2,513,100 $34,560,000 $400,000,000 $3,350,800 $46,080,000 $500,000,000 $4,188,500 $57,600,000 $600,000,000 $5,026,200 $69,120,000 $700,000,000 $5,863,900 $80,640,000 $800,000,000 $6,701,600 $92,160,000 $900,000,000 $7,539,300 $103,680,000 $1,000,000,000 $8,377,000 $115,200,000 Water & Sewer Capacity Relative to Target Industries As we evaluated the utility infrastructure serving these sites, we identified very limited water and sewer capacity. In addition, the Buckhorn CITAN and EDD were being served by City of Mebane utilities, which also serves Alamance County. Below is a summary table with the available capacities: 61 Page 2016 Avg. Daily Water Available Water Water Capacity Sewer Existing Sewer EDD or CITAN Provider (MGD) 1 Water Demand to the Site Provider Capacity (GPD) 1 (MGD) 1 (GPD) Buckhorn EDD Mebane 6 1.58 200,000 Mebane 250,000 100,000 Eno EDD Durham 37.9 27.7 1,000,000 Durham (Avail. Oct 2019) 108,000 Hillsborough EDD Hillsborough 3.09 1.47 200,000 Hillsborough (Avail. Aug 2019) Buckhorn CITAN Mebane 6 1.58 200,000 Mebane 250,000 Orange 250,000 West Efland CITAN 2'05 0.6 0 Mebane Alamance (Avail. 2020) Orange 250,000 East Efland CITAN 2.05 0.6 0 Mebane Alamance (Avail. Dec 2019) Hillsborough Hillsborough 3.09 1.47 200,000 Hillsborough <200,000 CITAN 61 Page ORANGE COUNTY NORTH CAROLINA WiCarolantic Fealty . A R,.J kh& tir.vea:. 4b:rNtr 4, 11 TIMMONS GROUP Unfortunately, the current water & sewer infrastructure lines up with industrial projects that only use minimal water, such as retail, office, commercial or logistics / distribution and there is a direct correlation to $ /SF investment. Below is summary table with an equivalent size facility to Morinaga (categorically in the food & beverage industry) which had a $48 million investment for a 120,000 SF facility (or $400 per SF investment) and the corresponding investment for industries being targeted by Orange County, NC. The property next to Morinaga can accommodate three (3) similar size facilities, or another 360,000 SF of Economic Development "build- out ". As such, we estimated the potential annual tax revenue that could be generated from the various industry types. Industry Type Hillsborough Hillsborough 3.09 1.47 200,000 Hillsborough <200,000 360,000 $54,000,000 CITAN Yes Logistics /Distribution $200 360,000 $72,000,000 $603,144 Yes Food & Beverage US 70 / Cornelius Hillsborough 1 3.09 1 1.47 1 200,000 1 Hillsborough <200,000 360,000 Unfortunately, the current water & sewer infrastructure lines up with industrial projects that only use minimal water, such as retail, office, commercial or logistics / distribution and there is a direct correlation to $ /SF investment. Below is summary table with an equivalent size facility to Morinaga (categorically in the food & beverage industry) which had a $48 million investment for a 120,000 SF facility (or $400 per SF investment) and the corresponding investment for industries being targeted by Orange County, NC. The property next to Morinaga can accommodate three (3) similar size facilities, or another 360,000 SF of Economic Development "build- out ". As such, we estimated the potential annual tax revenue that could be generated from the various industry types. Industry Type $ /SF Investment Facilities SF Potential Investment ($ /SF x Facilities SF) Potential Annual Tax Revenue* Existing W &S Capacity? Retail / Office / Commercial $150 360,000 $54,000,000 $452,358 Yes Logistics /Distribution $200 360,000 $72,000,000 $603,144 Yes Food & Beverage $400 360,000 $144,000,000 $1,206,288 Marginal Advanced Mfgr $600 360,000 $216,000,000 $1,809,432 Marginal IT /Data Center $1,200 360,000 $432,000,000 $3,618,864 No * Based upon $0.8377 per $100 Land Prices Relative to the Market: Based upon market research completed by NAI, it appears that the land prices on a per acre bases listed in Orange County are significantly higher than land prices in neighboring Alamance and Durham Counties. Below is a summary for comparative purposes: County High ($ per Acre) Low ($ per Acre) Average ($ per Acre) Average Relative to Orange County Orange $85,000 $27,512 $51,681 Alamance $51,563 $12,138 $33,809 Orange is 53% higher Durham $62,758 $23,056 $40,774 Orange is 27% higher While Orange County does not have specific control over the listing prices for the property owners, it's important to note that this is an item that will need to be addressed with property owners that the County will help market for economic development purposes. 71 Page ORANGE COUNTY NORTH CAROLINA RAICarolantic Fealty 12 ..0000 • • TIMMONS GROUP Based upon our team's analysis, we have developed the following Study Conclusions and Recommendations for Orange County: Study Conclusions: 1. Data Indicates Orange County has legitimate prospect activities and opportunities to close significant deals and needs to align the sites and infrastructure with the market needs. 2. There is less developable acreage than originally anticipated in the EDD's and CITAN's. 3. Water & Sewer capacity is a major issue and impediment for recruiting high investment ($ per SF) industries such as Food & Beverage, Manufacturing /Bio or IT /Data Centers. 4. Orange County has some legitimate properties that can be developed, however, the County needs to be thinking beyond the existing CITAN's and EDD's (i.e. adjusting the CITAN / EDD boundaries as well as water & sewer boundaries). 5. Economic Development opportunities can generate significant tax revenues to help pay for Infrastructure, Schools and other key County Services in addition to creating "living wage" jobs. 6. Land pricing is an issue that needs to be addressed within the private development community. Immediate Study Recommendations: 1. Enter discussions with Mebane to increase available water & sewer capacity within the current agreement. 2. Have the Planning Department interact with the Economic Development Department on a regular (monthly) basis and during infrastructure planning stages. 3. Work with the Towns and revisit Intergovernmental Agreements to make sure they are conducive to the needs of Economic Development in today's market. 4. Approach property owners about willingness to sell key properties within the Buckhorn, Efland and Hillsborough EDD's / CITAN's. 5. Align zoning in the CITAN's to be consistent with development 6. Prioritize development of the top sites in EDD's / CITAN's a. Buckhorn CITAN: Property on Ben Wilson Road b. Buckhorn EDD: Rohl / Collins Property, Flea Market Property, Clark Property c. East Efland CITAN: 304 Mt Willing Road — Rezone to align with development goals d. Hillsborough EDD: Approach property owner on NW quadrant of intersection of 1 -40 and Old 86 to gauge willingness to sell. Closely watch or monitor the (Sagefield Business Park) ORANGE COUNTY NORTH CAROLINA NAfrolantic Fealty 13 ..0006 • ! • TIMMONS GROUP development currently underway in the southwest quadrant of the EDD to identity potential opportunities. 7. Complete necessary due diligence to achieve Tier 4 status on top sites. a. Geotechnical, Wetland Delineations, Topographic & ALTA Boundary Surveys, etc. BUDGET. Site dependent but generally $1,000 to $1,500 per acre with Infrastructure already in place (significantly increases the value of the property on a per acre basis) 8. Consider adjusting boundaries of EDD's and CITAN's and the Water & Sewer Districts to include large tracts adjacent to these districts with low cost of development (minimal utility extensions, etc.). BUDGET: $10,000 to $15,000 consultant time to evaluate parcels as well as Staff Time Overall Study Recommendations 1. Complete a countywide water & sewer study to identify options to increase water & sewer capacities. BUDGET $75,000 to $100,000 2. Complete a GIS Site Selection Study to identify sites with greatest development potential near or adjacent to development corridors. BUDGET $15,000 to $25,000 3. Consider gaining "control" of properties (i.e. option agreements) with high development potential. These sites would be identified with the GIS Site Selection Study. BUDGET: Generally $100 to $200 per acre for options, however, property specific 4. Consider advantages of developing "Ready to Go" product. Could form a Public- Private Partnership to accomplish this task. a. Shovel / Pad Ready Sites b. Spec Buildings BUDGET: Site and Building dependent, but generally $50 to $100 per SF for Spec Buildings and $50,000 to $100,000 per acre for Shovel /Pad Ready Sites 5. Reinitiate discussions and explore developing a research park with UNC- Chapel Hill and taking advantage of the research and entrepreneurial culture of the Research Triangle Park (RTP) 91 Page ORANGE COUNTY NORTH CAROLINA RAICarolantic Fealty 14 ..0000 • • TIMMONS GROUP As the County continues advancing its Economic Development initiatives, we wanted to note the following items that would further enhance the County's position in the marketplace: Other Considerations 1. The County should re- evaluate and potentially reallocate funds for existing water and sewer projects that appear to have minimal ROL 2. Evaluate and enhance the "express" review process to make sure it is consistent with "fast- track" permitting in the site selection market. 3. Pursue grant opportunities for the County's top sites. This will require obtaining property "control" in order to obtain grants from the following entities: a. Gold Leaf b. Duke Energy Site Readiness Program 4. Evaluate underdeveloped interchanges in the county (Exit 263 & 266 in particular). 5. Consider changing the names of the EDD's and CITAN's to "Economic Development Corridors" such as to reduce confusion in the industry. Acknowledgements The Timmons Group, Britt Nance and NAI team would like to thank and recognize the contribution of the following individuals towards the development of this Economic Development Study. It has been an honor and privilege working with the Orange County Economic Development Staff, Economic Development Advisory Board and Board of Commissioners to complete this study. Our team looks forward to assisting the County as they move forward with implementation of their Economic Development vision for Orange County. In particular, our team would like to thank the following Orange County staff members for their input into our report as well as the County Commissioners and the Economic Development Advisory Board: Orange County Commissioners • Mark Dorosin, Chair • Penny Rich, Vice -Chair • Mia Day Burroughs • Barry Jacobs • Mark Marcoplos • Earl McKee • Renee Price 10 1 Page ORANGE COUNTY NORTH CAROLINA Economic Development Advisory Board • Jim Kitchen, Chair • Paige Zinn, Vice -Chair • Mark N. O'Neal, Secretary • John Anderson • Delores Bailey • D.R. Bryan • Anthony Carey • Keith Coleman • Sharon Hill • James Watts Orange County Staff NAfrolantic Fealty .I 1.1d,, tia.u;i.,. VO AJaH , • Travis Myren, Orange County Deputy County Manager • Steve Brantley, Director — Orange County Economic Development • Amanda Garner, Business Recruitment Economic Developer • Mike Ortosky, Agriculture Economic Developer • Yvonne Scarlett, Business Retention Economic Developer • Craig Benedict, Planning & Inspections Director Proiect Team 15 . •••''•0 • ! • TIMMONS GROUP The Timmons Group, Britt Nance Collaborative and NAI team consisted of the following professionals: • Lee Anne Nance, Principal, Britt Nance Collaborative • Bob Lewis, CCIM, SIOR, Broker, NAI • Mike Solomon, PE, NC Economic Development Director, Timmons Group • Blake Hall, PE, PLA, LEED AP, Principal - Project Manager, Timmons Group • Joe Hines, PE, MBA, Principal — Director of Economic Development, Timmons Group Limitation of Liabilit Timmons Group, Britt Nance Collaborative and NAI have provided the best advice and utilized best professional judgment based upon the available information provided by Orange County for this study and report. As such, should there be any significant changes to the information, our team will be glad to re- evaluate the information and update our recommendations accordingly. 111 Page ORANGE COUNTY NORTH CAROLINA IVAICarolantic Fealty .I 14'e" V" 11,1,116, STUDY RECOMMENDATIONS FOR EACH SPECIFIC EDD AND CITAN Buckhorn EDD 16 ..0000 • • TIMMONS GROUP • Work with Flea Market property owner on land price vs comparable land sales • Complete due diligence items for available properties • Work with the City of Mebane to increase water and sewer capacity availability Hillsborough EDD • Meet with land owner for property on northwest quadrant to determine willingness to sell • Extend sewer south of Interstate 40 • Complete Due Diligence items such in order to achieve Tier 4 status Eno EDD • Investigate willingness of key property owners to sell large tracts on western side of district, properties leased to PSNC and former driving range. Although these do not have sewer, long term goals show providing sewer to this area. • Look at reducing size of the EDD to minimize residential • Work to develop option to make the US 70 /1-85 interchange more user friendly Buckhorn CITAN • Work to rezone parcels to protect them from development that is not in the best interest of Orange County and Economic Development staff. • Secure the land south of Morinaga to prevent from residential development. • Look to expand water and sewer boundary in the agreement and extend water and sewer boundary south of Bowman Road • Look for opportunities to extend water service within the district. West Efland CITAN • Study options to provide transportation access to sites in the CITAN north of 1 -40 and 1 -85 • Determine feasibility of providing rail service to the sites within the CITAN • Complete a wetlands delineation with US Army Corp of Engineers (USACE) confirmation to determine if streams and buffers are correct. • If the above can be accommodated look to extend sewer service to the properties. East Efland CITAN • Work to provide access from Exit 160 at Ben Johnson Road to extend to the large pod to the west. • Work with Orange- Alamance Water to expand water availability and service for new users in the area • Complete due diligence for Tier 4 status for the largest developable properties • Look into options to support one large user (may require relocation new sewer) 12 1 Page 17 _.� • � ..0006 0 ORANGE COUNTY VAICarolan�ic Fealty •�• NTY :. NORTH CAROLINA T I M M O N S GROUP Hillsborough CITAN • Look for site options to expand the existing facilities should Piedmont Electrical Membership Cooperative (PEMC) want to remain on site • On the smaller 4 acre parcel to the north, work with residents to determine willingness to sell. This is a small parcel with heavy environmental constraints that will make this site challenging for development. Cornelius • Look to market vacant properties for redevelopment • Improve aesthetics within the district. • Add sidewalks and bus shelters at bus stops • Improve main intersections • Focus on creating pedestrian connections from neighborhoods to Cornelius Street • Look for grant opportunities for redevelopment 131 Page W- APPROVED 2/20/2018 MINUTES ORANGE COUNTY BOARD OF COMMISSIONERS ANNUAL PLANNING RETREAT Maple View Agricultural Center January 26, 2018 9:00 a.m. The Orange County Board of Commissioners met for their annual Board retreat on Friday, January 26, 2018 at 9:00 a.m. at the Maple View Agricultural Center in Hillsborough, N.C. COUNTY COMMISSIONERS PRESENT: Chair Mark Dorosin and Commissioners Mia Burroughs, Barry Jacobs, Mark Marcoplos, Earl McKee, Renee Price and Penny Rich COUNTY COMMISSIONERS ABSENT: None COUNTY ATTORNEY PRESENT: John Roberts COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager Travis Myren and Clerk to the Board Donna S. Baker. FACILITATOR: Andy Sachs, Dispute Settlement Center Resource Persons: Kevin Knutson, Regional Vice President, and Francine Ramaglia, Senior Manager, Management Partners; Joe Hines and Blake Hall, Timmons Group. Observers — Department Directors and members of the public and news media Desired Outcomes • Greater awareness of the impact of any new policies, programs, and projects upon the County's budget and tax rate. • Priorities for the County's FY18 -19 budget. • Updated view of the potential and design challenges related to Orange County's Economic Development Districts and Commercial Industrial Transition Activity Nodes. • Prioritized strategies for realizing the potential of our EDDs and CITANs. 9:00 Convene Commissioner Dorosin welcomed the attendees. He invited the County staff to raise questions and participate in today's conversation. Commissioner Rich asked to comment on the Board's January 23, 2018 meeting. The meeting lasted past midnight. She thanked the Chair for leading a good meeting. Following up on a suggestion by Commissioner Marcoplos, she said that Board members should feel free to take a stretch during lengthy meetings. She thanked everyone for staying engaged in the meeting, including County staff and members of the public. We moved the needle forward on every single topic on the agenda, she said. Commissioner Price said it was a good meeting with good agenda items, but it was unfair that people had to sit through such a long meeting or wait for so long to get to the podium, especially those who came from out of town. I would prefer to continue to another time a meeting that is going over time rather extending it for so long, she said. 19 22 Commissioner Dorosin said that the message should not be depressing, about scarcity. We should emphasize some of the positive things we are doing around affordable housing, around FSA, around the things the bond is allowing us to do at Chapel Hill High and for housing. We are careful and responsible stewards of the public's monies, and from that stewardship we are accomplishing great things for our residents. Ms. Hammersley added that this is a manageable situation. It is not "slash and burn;" it will help us to be even more creative at finding better ways together to meet our residents' needs. Commissioner Dorosin added that the long term picture looks especially good. 1:45 Stretch Break 2:00 Economic Development Districts After a short break, Jim Kitchen, Chair of the County's Economic Development Advisory Board, introduced Joe Hines and Blake Hall of the Timmons Group. Timmons Group presented on the Economic Development Site - Related SWOT Analysis that they had conducted (PPT): SWOT ANALYSIS Overview ❑ Why is Economic Development Important to the County ❑ Background Review ❑ Study Findings ❑ Study Recommendations ❑ Wrap-up discussion Why do you need Economic Development? ❑ Creates hiving Wage" Jobs & Opportunity for ALL your citizens (blue collar and white collar jobs) ❑ Local tax revenue from Real Estate and Machinery &Tools ❑ State tax revenue from Employee Wages & State Income Tax ❑ Helps build resourcesfor your locality and state ❑ Creates wealth within your community ❑ Social Justice- allows you to build schools, pay for healthcare and other social programs as well as help set up training programs for your citizens Where Orange County stands today.... ❑Lacking "Ready to Go" Sites and Buildings ❑ Not as much developable property as we thought once you place constraints on the properties & remove inhabited properties ❑ Ever increasing competitive market with shorter and shorter timelines for decisions tobe made (i.e. Need diverse "Ready to Go" Product) ❑ Properties are overpriced compared to adjacent localities(Alamance) ❑ Lacking water & sewer capacity (gallons per day) in districts ❑ Missing out on opportunities for Prospects due to lack of Sites andBuildings as well as inadequate water & sewer capacities Desired Outcomes of Study ❑ More balanced" Residential vs. NonmResidential Split of Tax Revenues ❑ Try to accomplish 70/30 Split Countywide 20 23 ❑ Create Living Wage Jobs for existing residents ❑ Preseive Uniqueness & Culture of Orange County ❑ Economic Development outcomes should be a major consideration for infrastructure investments ❑ Better coordination with other County Departments and Utility Systems (i.e. Planning, Utilities, etc.) The Big Picture ❑ Economic Development Partnership of NC and North Carolina is moving up the business rankings ❑ Need to align your sites &infrastructure with the market ❑ It takes time and resource (financial and political) to commit to a longterm Economic Development Strategy ❑ Orange County appears to be at the intersection of Commerce andTrade with 1 -40 and 1 -85 merger ❑ We're bullish on the future of Orange County ❑ Now is the time to align your resources and commit to make your own future" ❑ Economic Development is getting increasingly competitive Site Selection Magazine Site Selectors' Top Location Criteria 1 Existing Workforce Skills Strong 2 State and local tax scheme Marginal to Competitor Localities 3 Transportation Infrastructure Strong 4 Utility Infrastructure Lacking / Needs Improvement 5 Land / Building prices & supply Marginal / High 6 Ease of permitting & regulatory procedures Marginal 7 Flexibility of Incentive Programs Neutral 8 Right -to -work State Strong 9 Availability of incentives Neutral 10 Access to higher education resources Strong How fast are prospects moving? $4.93 billion investment & over 14,000 jobs 2014 — Boeing announced $1.1 billion & 2,000 add7 jobs Orange County — Unique Assets & Opportunities m Two Interstates: -185 and 1 -40 Merge m UNC Chapel Hill & Durham Technical Community College E1[--1 Adjacent to Research Triangle Park E1[--1 RDU and GS International Airports m On the cusp of RTP and Piedmont Triad mDiverse Culture &Millennial Coolness'Factor m Rural Character with Urban Access / AmenitiesActs as a "Gateway" for Northeast US (via 1 -85) and Eastern NC (via 1 -40) to Western NC and Southeastern US Orange County — Southeastern US Access to markets via 1 -40, 1 -85 & 1 -95 • Map 21 24 Orange County — Regional Perspective • Map Orange County — 2015 NCDOT Interstate Traffic Counts • Map Orange County vs. Rest of NC Comparative Traffic Counts County (City) Interstate Durham (Durham) 1 -85 1 -40 Wake (Raleigh) 1 -40 Alamance (Burlington) 1 -40 & 1 -85 Guilford (Greensboro) 1 -40 & 1 -85 Mecklenburg (Charlotte) 1 -85 1 -77 74,000 to 182,000 Forsyth (Winston - Salem) 1 -40 1 -40 Bus Orange 1 -40 1 -85 1 -40 & 1 -85 2015 NCDOT Traffic Counts 46,000 to 96,000 90,000 to 181,000 104,000 to 167,000 111,000 to 123,000 69,000 to 135,000 108,000 to 178,000 52,000 to 103,000 50,000 to 77,000 58, 000 to 73, 000 43, 000 to 47, 000 98, 000 to 103, 000 Natural Opportunities - 8 Interstate Interchanges within the CITAN's and EDD's • Map Opportunity Costs — Does Water &Sewer Matter? What Mfgr Opportunities has Orange missed out on... • Graph Opportunity Costs? What has Orange County lost out on to Alamance • Graph Project Sky — Large Grocery Distribution Center ❑ $328 Million Investment ❑ 1,100 jobs ❑ $41,000 / yr ( riving Wage" Jobs) ❑ Orange County Submitted ❑ 4 site visits to Buckhorn Road Sites ❑ Met in closed session to pre- authorize local incentives ❑ TBD where they will locate -- •. What has Orange County had a legitimate shot to win? Opportunities from2012 — 2017 Potential Investment Jobs Manufacturing to 2,555 Distribution / Alamance Project Sky Totals $1.3 to $1.6 Billion $393 Million $328 million $2.0 to $2.3 Billion Potential 2,400 1,304 1,100 4,804 to 4,959 WA 25 Water & Sewer Capacities for EDD's / CITAN's • Graph METHODOLOGY FOR SITE ANALYSIS ❑ Sites Analysis ❑ For Sale /Vacant El Less than 5 Acres / Residential (excluded from developable area) ❑ Greater than 5 Acreswith structures on land (excluded need to approach land owners) Environmental / Physical Constraints ❑ Streams, Buffers ❑ Easements ❑ Topography ❑ Wetlands, Floodplains Jurisdictional ❑ Impervious limitations ❑ Landscape Buffers ❑ Building setbacks ❑ Zonirg ❑ Highway overlay buffer Additional Considerations ❑ Adjacent land use ❑ Aesthetics ❑ Engineering Judgement Buckhorn CITAN — Case Study • Map Eno CITAN- Case Study • map Overall Summary — Developable Acres- graph Totals 549 3,010 615 2,396 ACTUAL Developable Acreage of PODs = 668 Acres or 22% * Assumes no property constraints, structures, setbacks or parcel boundaries Overall Summary — Developable Acres Total County Acreage — 272,546 Acres EDD's Acreage within EDD's — 2,379 Acres GIS Acreage (Excluding R/W) — 1,856 Acres Available & Vacant Lands — 832 Acres Developable Pods - 454 Acres - 0.17% of Total land in County CITAN's Acreage within CITAN's — 1,494 Acres GIS Acreage (Excluding R/W) — 1,154 Acres Available & Vacant Lands — 495 Acres Developable Pods - 214 Acres - 0.08% of Total land in County Industrial Investment & Trends- graph ❑ Morinaga: $48 Million for 120,000 SF ($400 per SF) ❑ Water & Sewer Requirements: 40,000 GPD ❑ Site Size: 21 acres ❑ Adjacent Parcel: 55 acres ❑ Potential Build -out: 360,000 SF (3 Morinaga's) 23 26 What can Economic Development afford the County? A realistic scenario... graph Real Estate Tax Rate: $0.8377 per $100 Key Take Aways ❑ Data Indicates Orange County has Legitimate Prospect Activities and Opportunities to close deals ❑ There is less developable acreage than originally anticipated in the EDD's and CITAN's ❑ Water & Sewer capacity is an issue for recruiting high $$ per SF industries (Food & Beverage, Manufacturing /Bio, IT /Data Centers) ❑ Orange County has some legitimate properties that can be developed, however, the County needs to be thinking beyond the existing CITAN's and EDD's ❑ Economic Development opportunities can generate significant tax revenues to help pay for Infrastructure, Schools and other key County Services in addition to creating "living wage" jobs Other factors to consider... ❑ Curb Appeal & Compatible uses are factors ❑ Ease of access to Interstates &Turning Movements ❑ Residential Development &Potential Traffic Patterns Land Prices Revisited Alamance County — Comparable Land Sales- graph Land Prices Revisited Durham County — Comparable Land Sales- graph Current Listings on Real Estate Market Alamance County (as of Dec 31, 2017) -graph • Average Price Per Acre= $33,809 Current Listings on Real Estate Market Durham County (As of Dec 31, 2017) -graph • Average Price Per Acre= $40,744 Current Listings on Real Estate Market Orange County (As of Dec 31, 2017) • Average Price Per Acre= $51,681 Relative Comparison of Real Estate Pricing Relative Comparison of Real Estate Pricing County Buckhorn EDD — Optimistic Build Out 3.1 M SF Why are projects NOT locating here? • Adjacent Residential Development • Adjacent to Schools / Soccer Fields • Limited access due to rail on north side of interstate • Lack of Water & Sewer • Land costs significantly higher than competing sites in adjacent locals Immediate Recommendations ❑ Enter discussions with Mebane to increase capacity within water & sewer agreement ❑ Have Planning Department interact with the Economic De ve lopme nt Department on a regular (monthly) basis and during infrastructure planning stages. ❑ Work with the Towns &revisit intergovernmental agreements to make sure they are conducive to the needs of Economic Development ❑ Approach property owners about willingness to sell their properties within the Buckhorn, Efland and Hillsborough EDD's / CITAN's ME 27 Prioritize development of the top sites in EDD's / CITAN's ❑ Buckhorn CITAN: Property on Ben Wilson Road ❑ Buckhorn EDD: Rohl / Collins Property, Flea Market Property, Clark Property ❑ East Efland CITAN: 304 Mt Willing Road— Rezone to align with development goals ❑ Hillsborough EDD: approach property owner on NW quadrant of intersection of 140 and Old 86 to gage willingness to sell. Continue activity at southwest quadrant. Immediate Recommendations Complete necessary due diligence to achieve Tier 4 status on top sites. ❑ Geotechnical, Wetland Delineations, Topographic &ALTABoundary Surveys, etc. Tier 4 is considered "Certifiable" status and has eliminated any UNKNOWNS or RISKS regarding site or infrastructure development that could negatively impact timeline for development. Generally 9 -12 months of development timeline. BUDGET: Site dependent but generally $1,000 to $1,500 per Acre with infrastructure already in place (significantly increases value of property on a per acre basis) Immediate Recommendations ❑ Align zoning within CITAN's and EDD's to be consistent with preferred development goals Immediate Recommendations Consider adjusting boundaries of EDD's /CITAN's AND Water & Sewer Districts to include large tracts adjacent to these districts with low cost of development (utility extensions, etc.). Significant property within the EDD's and CITAN's have been lost to Non or Minimal Tax Paying entities such schools, soccer fields, solar farms, etc. In order to potentially gain that area back there may be opportunities to expand or redraw the boundaries of the EDD's and or CITAN's. There are a few larger tracts with minimal environmental impacts located near or adjacent to the existing EDD's/CITAN's that could be explored; however this may mean adjusting the water sewer agreements. BUDGET: $10,000 to $15,000 in Consultant time to evaluate parcels as well as Staff Time Thinking outside the EDD's and CITAN's - Buckhorn CITAN — Example Parcels- MAP Study Recommendations Complete a countywide water and sewer study to identify options to increase water and sewer capacities. A countywide water and sewer study would identify opportunities to increase and expand water and sewer capacities within each service area. A full study would help the County to better understand the limiting factors and what the cost and timelines are needed to increase the availability. The ED staff is losing opportunities regularly based on not being able to meet the demands for water and /or sewer. This needs to be completed on behalf of the County, and not the jurisdictions or authorities who own and manage the water & sewer systems. BUDGET $75,000 to $100,000 Study Recommendations Complete a GIS Site Selection Study to identify sites with greatest development potential near or adjacent to development corridors. A GIS site selection study is a non -bias computer based site selection study that can look over all parcels within a county or selected area to determine developability based on selection criteria defined. For example, if the parameters were to identify all parcels with XX acres of 25 4 H.11 developable acres adjacent to rail within XX miles of the interstate, queries would be run to find the best parcels available. Once the data is assembled running queries can be run quickly. BUDGET $15,000 to $25,000 Study Recommendations Consider advantages of developing "Ready to Go" product. Could form a public - private partnership. ❑ Shovel /Pad Ready Sites ❑ SpecBuildings Approximately 60 -70% of inquiries come in for Shovel / Pad Ready Sites and /or Existing Buildings. Shovel ready and speculative building has some risk based on the financial investment needed to develop sites; however, it is best way to reduce development timelines and has proven to be a successful model in other locations throughout the state. BUDGET: $50 to $100 per SF for Spec Buildings (including site work) $50,000 to $100,000 per acre for Shovel /Pad Ready Sites Study Recommendations Consider gaining "control" of properties (i.e. option agreements) with high development potential. These sites would be identified with the GIS Site Selection Study. Approximately 60 -70% of inquiries come in for Shovel / Pad Ready Sites and /or Existing Buildings. Shovel ready and speculative building has some risk based on the financial investment needed to develop sites; however, it is best way to reduce development timelines and has proven to be a successful model in other locations throughout the state. BUDGET: $100 to $200 per acre for options Study Recommendations Reinitiate Discussions & explore developing a research park with UNC Chapel Hill and taking advantage of the research and entrepreneurial culture of the Research Triangle Park (RTP). Developing a relationship with UNC and developing a common goal to create a research park could be an easy step to help the County and University attract talent and industry to the region similar to other Universities throughout the Country. BUDGET: Staff Time Comparable University Parks- graph Other Considerations ❑ Re- evaluate and potentially reallocate funds for existing water and sewer projects that appear to have minimal ROI. ❑ Evaluate and enhance the express "review process to make sure it is consttent with "fast - track" permitting in the site selection market. ❑ Pursue grant opportunities for top sites (this will most likely require property cbntrol'). ❑ Gold Leaf ❑ Duke Energy Site Readiness Program ❑ Evaluate underdeveloped interchanges in the county (Exit 263 & 266 in particular). Recommendation Per Area Buckhorn EDD ❑ Work with Flea Market property owner on land price vs comps ❑ Complete due diligence items for available properties ❑ Work with the City of Mebane to increase water and sewer availability Hillsborough EDD M 29 ❑ Meet with land owner for property on northwest quadrant to gage willingness to sell ❑ Extend sewer south of interstate 40 ❑ Complete Due Diligence items such as environmental investigation Recommendation Per Area Eno EDD ❑Investigate willingness to sell large tracts on western side of district, (potential rail sites, although these do not have sewer, long term goals show providing sewer to this area). ❑ Look at reducing size of district to minimize residential ❑ Work to deNelop option to make the 70/85 interchange more user friendly Buckhorn CITAN ❑ Work to rezone parcels to protect them from development that is not in the best interest of Orange County and Economic Development staff. ❑ Secure the land south of Morinaga to Frevent from residential development. ❑ Look to expand water and sewer boundary agreement and extend boundary south of Bowman Road ❑ Look for opportunities to extend water service within the district. Recommendation Per Area West Efland CITAN ❑ Study options to provide access to site ❑ Review site to determine if rail service is possible ❑ Complete an environmental investigation to determine if streams and buffers are correct. ❑ If the above can be accommodated look to extend sewer service to the properties. East Efland ❑ Work to provide access from exit 160 at Ben Johnson Road to extend to the large pod to the west. ❑ Work with Orange - Alamance water to expand serviceability for new users in the area ❑ Complete environmental assessments for the largest deve0pable property ❑ Look into options to support one large user (may require relocation new sewer) Recommendation Per Area Hillsborough CITAN ❑ Look for site options to expand the existing facilities should the existing user want to remain on site ❑ On the smaller site to the north, work with residents to see willingness to sell although this is a small parcel with heavy environmental constrains make this site challenging for development. Cornelius ❑ Look to market vacant properties for redevelopment ❑Improve aesthetics within the district. ❑ Add sidewalks and bus shelters at bus stops ❑ Improve main intersections ❑ Focus on creating pedestrian connections from neighborhoods to Cornelius Street ❑ Look for grant opportunities for redevelopment A Site Selector's Perspective Additional Consultant Recommendations ❑ Regional Cooperation and Collaboration is a Major Key to Economic Development Success. ❑ Abandon the EDD & CITAN names— confusing to the Site Selection professionals relative to other localities. Label them "Economic Development Corridors" or "Development Corridors" WA 30 ❑ Look at developing supplier / logistics parks for OEM's and other manufacturing companies. Orange County has a tremendous opportunity given the logistics network in place with 1 -40 & I- 85 and proximity to RTP & Research Universities ❑ More swiftly implement Article 46 Funds for infrastructure related projects. Study Conclusions ❑ Lacking beady to Go" Product ❑ Not as much developable property as we thought once you place constrains on the properties & remove inhabited properties ❑ Ever increasing competitive market with shorter and shorter timelines for decisions to be made (i.e. Need diverse "Ready to Go" Product) ❑ Properties are overpriced compared to adjacent localities(Alamance) ❑ Lacking water & sewer capacity in districts ❑ Missing out on opportunities for Prospects due to lack of product & inadequate water & sewer capacities In reply to a question from Commissioner Dorosin, Mr. Hall explained that vacant properties were included in the site selection methodology regardless of whether the properties were for sale; properties greater than five acres with housing structures on them were not included. In reply to a question about living wages from Commissioner Marcoplos, Mr. Hines said that the County's first step is to have a product, a suitable parcel with water and sewer available. That way the County would be in the position to say No to undesirable prospects as opposed to the prospects rejecting the County. Once the County has suitors, it can be more selective, for example by using living wages as a criterion, he said. Commissioner Jacobs said he has a mixed reaction to the report. For the most part what you are describing is positive and hopeful, he said. I think we can address most of the concerns that Timmons Group has raised. But it reads as though it does not understand Orange County's land use plan, its environmental ethics, some of the reasons why we have done what we have done. For example, siting a school in an EDD was the only way we were able to extend water and sewer to the EDD at that time. Instead of looking at that as a negative, you should understand that the school was how we got water and sewer to the area. Second, the two Interstate interchanges you recommend for development are in the Rural Buffer, which for 25 years and as an essential component of our land use plan is not to have water and sewer extension. Third, you should not be referring to a countywide water and sewer plan; I think you mean a water and sewer plan that is inclusive of the development corridor. We have watersheds into which we decided 35 years not to extend water and sewer. Some of this just feels like boiler plate. The other ideas — trying to get property ready for sale and trying to have property pre -zoned — may be worth exploring, he said, although we just approved a development on a property that was pre -zoned and the neighbors did not understand; we would need to accompany this approach with a public education process. Steve Brantley, Director of Economic Development for the County, said the county has some theoretically developable properties, but they are disbursed across buffers, utility lines, streams, homes, and properties that are not for sale. We don't see a lot of projects looking for one acre sites, he said, and there are not a lot of one -acre sites contiguous to each other that can be combined to support a larger footprint. The average site per acre of developable properties is quite low, he said. 31 In reply to a question from Commissioner McKee, Mr. Hines said the limited availability of water and sewer is most significant factor is making the County's EDDs unattractive. In reply to a question from Commissioner Price, Mr. Hall said if there was not a sufficient supply of willing land owners within an EDD then the availability of willing land owners adjacent to an EDD might open up new opportunities. In reply to a question from Commissioner Price, Mr. Hines said that "legacy issues" were factors in the ability of the Planning and Economic Development Departments to collaborate. We want to ensure that both departments are on the same page, he said. He referred to a transportation study conducted by Planning that had not engaged Economic Development. A collaboration gap exists between Orange County and Hillsborough as well, said Mr. Hall. Commissioner Marcoplos suggested that the Board revisit the Eno EDD during a future work session. We might no longer be looking at that area in the same way as we did 30 years ago, he said. Perhaps some modifications are in order. There are a lot of residents near there, sensitive environmental areas, a blighted Scottish Inn property which I can't imagine much better replacing right now, and uncertainties about water and sewer. Maybe at that work session or another time the Board can talk about boundary adjustment for the Buckhorn EDD. In reply to a question from Commissioner Dorosin, Mr. Hines clarified that sewer service is an even greater constraint than water supply. There is a limit on capacity now, and a further limit imposed by the cost of providing that capacity, he said. If Mebane is going to spend $20M upgrading its treatment capacity, for example, is Orange County going to pay for a proportion of that cost in order to gain access to a proportion of that capacity? In addition, there are costs associated with extending the water and sewer systems to the properties. Commissioner Dorosin then asked f would make more sense to raise the profile of properties where there already is water and sewer, beyond the EDDs. Commissioner Dorosin wondered how realistic it is to think in terms of "getting another Morinaga." Perhaps we're not competitive for developments like that, and instead should be more strategic about realigning our approach to another model. Mr. Hines said that it would be smart to prepare for the next Morinaga — at least to know the costs of water and sewer extensions to likely sites -- so that when it appears the County is positioned to act. You won't have time to act when the opportunity shows up. You need 12 months or less to extend the utilities. Commissioner Jacobs said that during negotiations with Mebane about the Buckhorn EDD, the City opposed future water and sewer extension below NC -10. If Timmons is recommending that kind of expansion, then the implementation is going to be much more complicated than Timmons appears to appreciate. Commissioner Jacobs said that Duke University might be interested in a research campus at the Eno EDD. It's so expensive to bring water and sewer to that area that we will need a partner, and the only partners possible are Duke and Durham. We tend to be focused on Carolina, but Duke is Orange County's largest property owner. Commissioner Jacobs said that "big game hunting" needs to fit into a larger economic development strategy. Part of that is, how much are we willing to invest in a framework for "big game hunting." We never have had that conversation. It would be good to have numbers to inform us on what that would mean. Settlers Point was already zoned, but people still were very 4TJ 32 unhappy that we were changing the way in which that property is going to be used. We should not speak lightly about changing the borders of an EDD without doing a lot of outreach in advance with the public. People here have a more aggressive attitude than elsewhere in the state about how they want to be treated with regard to their land. I felt reading the report that Timmons was doing what it was supposed to do, but that it was not as tuned to local conditions as we are. Commissioner Burroughs said she was struck this morning by the immediate impact the Wegman's project has on the Orange County budget. "Big game hunting" can make a difference on the budget, on the quality of life in Orange County, on taxes, and on the resources we have available to do what we want to do. In reply to a question from Commissioner Burroughs, Mr. Hall explained that sewer service already exists on NC -10. In order to make the 95 acres south of NC -10 next to the Buckhorn EDD available, the water and sewer boundary needs to be updated, he said. Water would need to be extended from the Morinaga site. Mr. Benedict added that the land use plan would need to be changed in order for the water and sewer boundary to change. Commissioner Burroughs said she thinks it is time to have a discussion about changing the water and sewer boundary in that area; 35 years is a long time, she added. She also said she is open to another conversation with Mebane. I don't want us to assume that what we have done in the past in what we will do in the future. On a smaller note, she added, I'm open to eliminating the name "CITAN." Every time I see it I have to look up what it means. Commissioner Rich said that the Board needs to have a work session to follow -up from today's discussion. I would like to learn at that work session how much we are paying to support our economic development efforts, and what the payoff is from that investment. I've been on this Board for six years, and other than Morinaga and Wegman's I've not seen the needle move forward, she said. In addition, at the work session we need to discuss Article 46 funding, she said. The Towns have been asking for Article 46 funding, but we tell them we cannot give any of it to them because we are investing it into economic development infrastructure. I also agree with my colleagues here who already have said that we can think much further outside of the box. Lots of smaller development might be more fitting than another Morinaga, for example. Another research campus such as Carolina North might not be an appropriate model for us, she said; that effort fell apart. And let's be careful about referencing Amazon as the kind of business we would want to attract. Amazon has destroyed Seattle. It gentrified the City, chased away the artists and grunge community, took away its charm, and raised the cost of living to a ridiculous level. Finally, she said, Mebane has a $4M surplus because it is directing its non - residential development to its Alamance side and its residential development into Orange. Commissioner McKee said that Mebane is directing non - residential development into Alamance because the timeframes and cost of development are lower in Alamance than they are in Orange. Commissioner McKee said that the County's fiscal situation calls for an approach to economic development that is optimistic, hard headed, and realistic. Some of the decisions might get us unelected, but let's not do the same things over and over and expect different results; that's the definition of insanity. We've been doing the same thing with EDDs for 30 years. It's only recently that we have put water and sewer in Buckhorn. Only in the past few months has this Board moved forward with a sewer system in Hillsborough. The Eno EDD is still "on the books," but I don't have a clue as to what that means. There are sites across Old NC -10 from the Buckhorn 30 33 EDD that we won't touch, but we all say it needs to be included. Let's pick a number — a thousand feet, two thousand feet — and draw a line. A couple of years ago, he said, we added five words to the Unified Development Ordinance that almost eliminated development at every intersection with 1 -40 in Orange County: "where sewer and water exist." Those words were added on the fly. Those words eliminate the otherwise prime developable properties at the 1 -40 intersections with NC -86 and New Hope Church Road, because those areas are in the Rural Buffer. I don't have an issue with the Rural Buffer, but I do have an issue with a conversation dominated by "you cannot touch this." We have to revisit this sacrosanct attitude. We can use a little common sense here. We're not going to catch a lot of "big game," he said, but we caught one with Morinaga and another with Wegman's. They will have an immediate impact. Maybe we need a lot more along the scale of USA Dutch. I agree with that. I have no problem with all sizes. And they are paying decent wages. It's disconcerting to me to hear phrases like "Orange County values" and "Orange County vision." Orange County is gentrified. We are not a rural county. Chapel Hill is not a village. Hillsborough is not a mill town. If we don't take a different path with our economic development then we are going to become an elitist, gated community. I want to know what my fellow Board members mean when they say we need to realign our strategy, he said. Does that mean we walk away from what we have been doing? I hope that means we need to go out to get everything we can get. Commissioner Rich said that to her it means an inventory of what we already have and what we have not yet gotten, of thinking of new ideas for what we are doing. What we're doing now — what we have been doing for 30 years -- is not working. We need to start thinking at a higher level than how we have been thinking. Commissioner McKee said that we should not change our approach just because there will be a backlash in the community. I don't want to impinge upon the established residential community next to the Eno EDD, he said, but we can take an area out of Eno, put water and sewer there, and support some development. We have to have the willpower to stand up to the backlash that's coming, he said. Commissioner Price said that the Board has tried to protect the existing residential community next to the Eno EDD. We've tried to put transitional kinds of development across the street from residential areas so people are not living across from a manufacturing plant. Any plans should be flexible. We need to reassess areas that have been stagnant for 30 years and decide anew what to do with these chunks of land. Commissioner Price said she was not seeing anything in the Timmons study about incubators, cottage industries, small technology, etc. Those are the kinds of projects Jim Kitchen has been working on with people in Chapel Hill. She noted that some of the Article 46 funds are being used for small businesses. But most of the Timmons report is about manufacturing. I find that kind of narrow, she said. Mr. Hines replied that Timmons looked for the "game changers" - the big components and opportunities being missed for the small sites in Orange County if you had the appropriate water and sewer infrastructure in place. There are a lot of indirect benefits to the kinds of development Commissioner Price is talking about, he said. But we saw you already taking steps to implement those sorts of things and wanted to show you the kinds of things you are missing out on. Commissioner Price said she thinks the incubators, cottage industries, and small technology businesses do not have to be indirect players, but significant components of a diverse economic ecosystem. Mr. Hines said that while sub - economies can underlie a local economy, Orange County will not attract the kind of development it needs if it does not solve the water and sewer infrastructure 31 34 issues Timmons is raising. We are aware that UNC -CH said no to that site, but times change, people change, and there are too many of these university parks popping up around the country to say that Orange County should not revisit that kind of development. American Underground in downtown Durham is a phenomenal success story that contains Google and Apple and other components. The business school at Duke University has an international footprint of over 60 countries that are alumni. I've had conversations with NC Commerce Secretary Copeland about using that network as a path to attracting international companies to North Carolina. There is so much here in the Triangle. Commissioner Dorosin said that it would be relatively inexpensive for the County to address the marginal rating identified on p. 7 in the Timmons report regarding "ease of permitting and regulatory procedures." If there is other lower hanging fruit like that then I think we should identify and address them, he said. On the macro scale, he continued, I think a realigned economic development strategy means an expansion of our options. If we have to do something different to make the EDDs successful, then we have to determine what that is, such as extending water and sewer where we can, and how much that costs, and then whether that cost is worth it. But I'm not sure it is worth it. Wegman's is not in an EDD, it's in Chapel Hill. American Underground and Amazon want to be close to a community and a downtown and things like that. I think we need to identify the most valuable parcels in the County and focus on those. And where are the other opportunities? There's the NC -54 study taking place that might identify potential in that corridor for commercial development. There are issues associated with Old NC -86 we can discuss. I don't have the answer, but I think there is a more comprehensive context to set before we agree to extend water and sewer to these big parcels in order to better market them for economic development. I worry that we might have over valued the highway as the greatest lure. I'm hearing that Amazon wants an attractive social setting for its employees, where people can go to restaurants and bars and cultural venues. Commissioner McKee said that in the late 70's through to the early 2000's his perception of "Orange County values" was that it was anti - business. We got behind our neighbors because of that. Shopping centers located just beyond our borders would have provided millions of dollars for us to use for parks and social services. I'm not interested in turning our intersections with I- 40 into Myrtle Beach. I am interested in determining whether a small foot print is available at the Eno EDD that would not have a negative impact on the existing residential area, and in deciding about whether to expand Buckhorn, and in looking elsewhere in the county including the Towns for economic development. Wegman's wanted to be in town; I have no problem with supporting the effort where ever it needs to be. But this Board is going to have to push forward. Commissioner Marcoplos said that he used to imagine EDDs all built out. I now believe that's not going to happen. Another way to look at this for the 21St century is to set a target of, say, three larger businesses, to ask what kinds of businesses would have the impact we need in terms of taxes and jobs, instead of trying to fill up all the EDDs. Then we can focus on those while at the same time providing the kind of support needed by local businesses and some of these other creative ideas. Then we might say, where is the land today that would generate the most interest now among the kinds of two or three larger businesses we are interested in. Never mind the lines they drew in the 80's when these EDDs were being created. That would help us to shift our attention to the land that is going to get us where we want to go. Maybe we take the east side of the Buckhorn district out, for rural land. 32 35 And if we got a minor league baseball team here, he added, we could call it the Orange County Values. Commissioner Jacobs said that no Board member has ever opposed the extension of water and sewer to the EDDs. Some of us worked hard to change the perception of Orange County from being anti - business, and to a large extent I think we have succeeded, he said. I would like to define a holistic view of economic development for Orange County, he added. "Big game" has to fit into a context. There is a broader mosaic that we're working on that includes the arts, tourism, agricultural economic development, etc. We need a conversation about how all these things fit together and how we want to use our resources. In addition, he said, it is no small thing for the people who are affected for us to change the land use plan and have an effect on properties that people live on. We must talk with the residents adjacent to the Eno EDD, and have a public component to this conversation. Finally, he said, I do believe there are untouchable places here. We don't want to be like Wake County or Durham County, and we sure don't want to be like Alamance County. It doesn't even have zoning. We want to look like Orange County ten years from now, and fifty years from now. We're way ahead of those counties in a lot of respects. We should be talking about the things we have that we are proud of, not what we lack. Instead of talking about our land values being so high, let's talk about how beautiful our land is. That's where tourism comes from. Mr. Brantley thanked the Board for devoting time at the retreat for discussing economic development. I've been here for over six years, and this is the first time we have had this level of discussion. Please recall, he said, that the SWOT analysis was not intended to be a county economic development review. It is specific to the EDDs and CITANs, which necessarily comes with an industrial and warehousing focus. Also please recall that Article 46 was passed in 2011 in order to create a funding mechanism for extending utilities to economic development districts. Recall that the 2005 economic development plan set 2010 as the target for when all the EDDs would have infrastructure. The County did not have the funding, or start the Phase 1 Efland- Mebane sewer line until 2010 -11. It will be two years from now before the Hillsborough EDD line is completed, before the Efland Phase 2 line is completed, and maybe before the Eno EDD is completed. We have not been waiting 30 years for the EDDs to generate economic value, because in truth they have had no zoning up until recent years, no incentives until 2011, no marketing, and no utilities. Article 46 also created funding for small business. That includes PFAP, Launch, the small loans and grants, and arts and tourism. We're not discussing those areas. I was hired in 2011 to be the Big Game Hunter. It was specific to not only managing the Department's overall functioning and budget and to include these other areas, but also for the first time to try to layer in some larger businesses recruitment in which Orange County had been deficient for decades. We were fortunate in 2013 to get Morinaga. Our office sees new prospects knocking on the door on a daily basis. We've gone over six years from getting zero inquiries to now having seventy to eighty qualified inquiries a year that could help us meet the budget that would have us paying at or beyond the living wage, creating job opportunities, slowing or reversing gentrification, especially among blue collar residents. We're at a point in market interest now that we should have been at 25 or 30 years ago. I get impatient when I see projects, like Lidl -- $110M- $150M, 200 -300 jobs -- that should be here but go somewhere else. It could have been on one of our sites. We need to have utilities in place, and land that can have houses on the sewer line paid for with Article 46 funds to serve Morinaga and other companies. We do have some projects that max out our sewer capacity. The irony is that many of these projects represent the tax base or the salaries at high levels that we want. We need to a have a 33 36 piece of Orange County economic development in addition to agriculture, tourism, and small business, which we do well, focused on larger scale industrial recruiting. When we hit on that regard we are going to be having a big win. When Morinaga announced here, they needed 90- 100 people; 900 people showed up at Durham Tech to apply for those jobs. In the first week of February, I'm going to be meeting with two clients. One wants to put a hotel in one of our EDDs and a large warehouse in another. The other has a 200 job, $20M project to make a medical product. These are the kinds of projects that can fit here: we have the land, the sewer capacity, the zoning, and the quality of life. So, that's what we should be focusing on in addition to all else that we are doing. Let's not throw in the towel in terms of industrial recruiting at this level. Even though we are not Alamance County, in the past three years they've announced 2,000 jobs and a $1 B in investment. We can get a piece of that. RTP is east of us and Alamance to our west. Chatham to the south of us has the new Chatham Park. We can't afford to be in a vacuum. We have to be prepared to try to get what we want to attract. Commissioner McKee said that the Board needs to have an honest conversation moving forward. We will be walking into a buzz saw if we activate the Eno EDD, but we need to have the conversation. I agree that there are Orange County values to uphold, he added. And I agree that there are untouchable areas. I just don't think the land immediately to south of Old NC -10 is untouchable. Commissioner Rich said she is not ready to throw in the towel on "big game hunting." But none of the current members other than Commissioners Jacobs and McKee were on the Board when the Article 46 funds were designated for EDD infrastructure. I don't know why people from the Towns did not speak up for those funds then, but it's a problem now when they ask for those funds. I think that's wrong. There is economic development in the Towns that could be encouraged with those funds. That's where businesses like Google want to be. I would like to talk more about the Article 46 funds when we get back together to talk about economic development. Commissioner Marcoplos said he does not think it is all that risky to activate the Eno EDD. While there may be a "buzz saw" on one side, somebody else will be handing us flowers. We'll be thanked for expanding the tax base, for thinking about jobs, for making use of a district that was set aside for economic development purposes. Commissioner Price thanked Mr. Brantley for his remarks. She said she would be interested in hearing from a university expert about the trends in entrepreneurship. I hear about young people inventing things, starting businesses, and then moving from Orange County to expand. Why aren't they remaining here when they expand? I want to hear about trends other than those related to "big game hunting." I'm interested in economic development for the urban areas. Eric Hallman has asked me why the County is not interested in this. I think Chapel Hill and Carrboro would be interested in this as well. I also hear from people living near the Eno EDD: they are not opposed to all development. They wouldn't mind a bank, for example. Or maybe drug store. They just didn't want to see manufacturing. So we should continue to talk to people there. Commissioner McKee said that he would be open to considering a proposal from the Towns to use the Article 46 funds. If Wegman's had needed a sewer line, for example, then I would have supported it, he said. Commissioner Jacobs said that it is only recently that Article 46 funds are available. We told the towns that they would benefit from the tax revenues that would come from the EDDs, and they supported our proposal to use Article 46 funds for the EDDs. We can evaluate proposals from the towns on a case by case basis, but the philosophy is to use those funds to catch up our capacity to support economic development in the EDDs by providing 34 37 infrastructure. If we want to change the formula, then also should be talking about our small business loan program, which is not as active as I had thought it would be. Let's put all this in the context of a larger economic development strategy. 3:45 Retreat Wrap Up Last thoughts from each person at the table reflecting on the retreat, including what worked well, what to consider doing differently in future retreats? Each person at the table had the opportunity to share their last thoughts: Commissioner Rich — I always get something good from our retreats. It is helpful to talk freely and to learn. The room does not have good acoustics, so I don't think I would want to return to this location. Otherwise a good day. Commissioner Dorosin — I appreciate everyone's candor. I think it would be better to have more engagement from staff, at least to have staff sitting closer so that it would be more conducive for staff to participate. There was more presentation today than I would have wanted. I value the back and fourth among us. I wonder if next year the presentations could be provided at a Board meeting prior to the retreat or as material to review in advance. Resource people could be available for questions, but not to present. I liked having the focus today on a single or two related topics; these were the right topics to take up now. Finally, I think we need to consider our messaging: how what we talk about gets talked about. The facilitator did a good job. Commissioner Burroughs — The "appreciation" ice breaker at the start helped us to disagree comfortably later in the day. I liked the presentations here, in real time. They focused my mind and kept the material fresh for our conversations. I wish you all luck next year! Commissioner Marcoplos — I find it valuable and satisfying to have these kinds of discussions, to have ancillary ideas arise from our back and forth. I think we should have a conversation about our communications: how we communicate, how our ideas get communicated, how our policies get explained, how we operate in this new media environment. Thanks to all in attendance. This was a great event. Mr. Myren — It was a great discussion. We got sufficient direction. I look forward to putting together the budget. Ms. Hammersley — This was very helpful to us, and for the team that is here today. We do not see the challenges as a negative. It is always the case that there are not enough resources to do everything we want. This meeting today was beneficial because the Board's input to us is very important. We heard from you today, before we enter the budget process, and that will make the coming process even better than the ones we have had before — which you have told me you have appreciated. It is scary when you see gaps, but we're going to balance the budget. It does not have to be painful as long as we are honest about what we can do and what we cannot do. Thank you for today. Commissioner Price — Today has been informative. I appreciate the Chair's focus on "where we are going." That's what retreats are for: talking about the future. Not doom and gloom. There is a horizon ahead, and as long as we are moving toward it then we will make progress. Commissioner Jacobs — I always enjoy the conversation. I don't think we have ever figured out how to involve the staff in such a way that it is worth their time to be here. I appreciate that so many members of the staff came and listened. The more you can hear our conversations the 35 better we all are as going forward as a team. The facilitator does a good job, but I would like to have conversations that are not moderated, part of the time. It doesn't have to be comfortable, but it can be useful. It's awkward to have to wait 5 -10 minutes to respond to what someone else has said. The topics on today's agenda fit together. It may be worth having a retreat topic on how we communicate; we have done that in the past but obviously we have not surmounted that problem. Another topic for a future retreat might be the land use plan. The single greatest investment of a lot of people is their home, and when we talk about changing the character of their neighborhood through changes in the land use plan, and then it gets reported, then we are causing uncertainty or distress, and that is not the way to treat people. So, we may need to be more sensitized to land use, zoning, and how we work through all that. Maybe we need to do a better job at having community meetings before we have discussions of land use, so people are a little more plugged in. Commissioner Dorosin asked when the last time the County had a long range visioning process. Commissioner Jacobs referenced the Shaping Orange County's Future process from the mid -90's, and an effort by the Planning Director "to do the good plan," which "got shot down." Commissioner Price referenced a lengthy Comprehensive Plan update process. Mr. Benedict mentioned some small areas planning processes for Efland, Eno, and Hillsborough. Commissioner McKee — Appreciated the work of the retreat planning committee. You chose two "red meat" issues. We had a good discussion today. The back and forth was respectful and informative. The meeting adjourned at 4:OOp.m. Mark Dorosin, Chair Donna Baker, Clerk to the Board 0. ORANGE COUNTY ECONOMIC DEVELOPMENT NORTH CAROLINA Article 46 Sales Tax Budgeted Amounts And Expenditures for Economic Development 5/14/2018 ORANGE COUNTY ECONOMIC DEVELOPMENT Article 46 Expenditures To Date ■ County & Municipalities ■ County Carrboro ■ Chapel Hill E Hillsborough ■ Mebane Hillsborough 11% Chape 14' County & Municipalities 2% Mahana 1% County 55% NORTH CAROLINA Area Expenditures Additional Details County & Municipalities $106,549.00 Countywide Services and Events (i.e. Agriculture Summit) County $3,780,411.31 Utility infrastructure /Debt service for Economic Development Districts, Small Business and Ag Grants to Businesses and Farms in unincorporated areas Carrboro $85,604.00 Small Business Grants, Utility Infrastructure Chapel Hill $966,533.60 Loans, Small Business and Ag Grants, Collaborative Outreach, Launch Hillsborough $731,283.04 Loans, Small Business and Ag Grants Mebane $1,150,384.00 Morinaga & AKG Incentives, Morinaga Related Infrastructure, Small Business and Ag Grants *All expenditures through 2/28/18, except for Business Investment and Agricultural Grants through 5/9/18. Durham Tech - Orange County Project Connect (Scholarships) , $200,000 Local Fest Planning, $3-c Economic Develop Summit, $30,0 Agricultural Summi $5,000 Incentive Payments,—/ $347,835 Business Investm( Grants, $150,00 Agricultural Grants, $100,000 Article 46 Sales Tax FY 2018 -19 (Manager's Recommended) Launcn uiapei nisi $73,500 $20,000 38 �� DPANGE COUNTY ECONOMIC DEVELOPMENT NORTH CAROLINA Debt Service on 'astructure, $814,641 vice with Mebane, $50,000 Economic Development Use of Proceeds Recommended FY 18 -19 % Of Total Debt Service on Infrastructure $814,641 44.61% Utility Service Agreement with Mebane $50,000 2.74% Collaborative /Outreach $20,000 1.10% Innovation Center - "Launch Chapel Hill" $73,500 4.03% Agricultural Grants $100,000 5.48% Business Investment Grants $150,000 8.21% Incentive Payments $347,835 19.05% Agricultural Summit $5,000 0.27% Economic Development Summit $30,000 1.64% Local Fest Planning $35,000 1.92% Durham Tech - Orange County Project Connect (Scholarships) $200,000 10.95% Total $1,825,976 100% `a Food /Farm Products, $50, mr) Local Fest Plannin $15,000 Economic Develop Summit, $30,0( Agricultural Summit,. $5,000 Incentive Payments, $337,310 Business Ii Grants, Agricultural Grants, $60,000 ORANGE COUNTY ECONOMIC DEVELOPMENT NORTH CAROLINA Durham Tech - Orange County Project Connect (Scholarships), Article 46 Sales Tax $200,000 1 FY 2017 -18 Launcn Lnapel HIII , l.V I I auv I auvc/ vuu Cal. 11, - $73,500 $20,000 Mebane, $50,000 Debt Service on astructure, $814,936 Economic Development Use of Proceeds FY 17 -18 Of Total Debt Service on Infrastructure $814,936 46.42% Utility Service Agreement with Mebane $50,000 2.85% Collaborative /Outreach $20,000 1.14% Innovation Center - "Launch Chapel Hill" $73,500 4.19% Agricultural Grants $60,000 3.42% Business Investment Grants $100,000 5.70% Incentive Payments $337,310 19.21% Agricultural Summit $5,000 0.28% Economic Development Summit $30,000 1.71% Local Fest Planning $15,000 0.85% Food /Farm Products $50,000 2.85% Durham Tech - Orange County Project Connect (Scholarships) $200,000 11.39% Total $1,755,746 100% 3 FY 2017 -18 Business Investment Grants 6% 38% ■Carrboro ■ Chapel Hill Hillsborough 56% Area # of Grants Amount of Funding Carrboro 1 $5,000 Chapel Hill 10 $49,150 Hillsborough 3 $33,200 FY 2017 -18 Agriculture Grants Me ■ Chapel Hill Hillsborough Mebane Unincorporated Orange County Area # of Grants Amount of Funding Chapel Hill 1 $9,225.60 Hillsborough 2 $19,259.56 Mebane 1 $10,000 Unincorporated 3 $21,514.84 Orange County 4 Incentive $25f Business Investment Grants, $100,000 Agricultural Grant $60,000 Innovation CentE "Launch Chapel H $40,000 Small Business Pool, $100,0( Coll Durham Tech - Orange County Project Connect $20,000 Utility Service Agreement with Mebane, $50,000 1 0 — ORANGE COUNTY ECONOMIC DEVELOPMENT NORTH CAROLINA Sales Tax 116 -17 at Service on ucture, $817,477 Economic Development Use of Proceeds Recommended FY 16 -17 Of Total Debt Service on Infrastructure $817,477 54.36% Utility Service Agreement with Mebane $50,000 3.32% Collaborative /Outreach $20,000 1.33% Small Business Loan Pool $100,000 6.65% Innovation Center — "Launch Chapel Hill" $40,000 2.66% Agricultural Grants $60,000 3.99% Business Investment Grants $100,000 6.65% Incentive Payments $258,886 17.21% Agricultural Summit $7,500 0.50% Durham Tech — Orange County Project Connect (Scholarships) $50,000 3.32% Total $1,503,863 100% Allocations for Prior Years' Excess Collections Since Inception ($382,806) Strengths, Weaknesses, Opportunities, and Treats Analysis $75,000 Incentive Payments $307,806 FY 2016 - 17 Business Investment Grants 3%3% ■ Carrboro i Chapel Hill Hillsborough Unincorporated Orange County Area # of Grants Amount of Funding Carrboro 1 $2,000 Chapel Hill 13 $43,776 Hillsborough 5 $17,320 Unincorporated 1 $2,000 Orange County .,y: FY 2016 - 17 Agriculture Grants ■ Chapel Hill -' Hillsborough 196 Mebane 61% 6% Unincorporated Orange County Area # of Grants Amount of Funding Chapel Hill 1 $10,000 Hillsborough 2 $13,464 Mebane 1 $4,115 Unincorporated 5 $42,453.98 Orange County 6 Innovation i "Launch Cha $100,10 Small Business Lo; Pool, $200,000 Collateral Mate $20,000 Collaborative $20,( ORANGE COUNTY ECONOMIC DEVELOPMENT NORTH CAROLINA Business Investment Article dG Sales Tax .5 -16 Debt Service on structure, $857,288 Economic Development Use of Proceeds Recommended FY 15 -16 % Of Total Debt Service on Infrastructure $857,288 60.92% Utility Service Agreement with Mebane $50,000 3.55% Collaborative /Outreach $20,000 1.42% Small Business Loan Pool $200,000 14.21% Innovation Center - "Launch Chapel Hill" $100,000 7.11% Agricultural Grants $60,000 4.26% Business Investment Grants $100,000 7.11% Collateral Materials $20,000 1.42% Total $1,407,288 100% AMAi FY 2015 -16 FY 2015 -16 Business Investment Grants Agriculture Grants 5% 13% ■ Carrboro ■Chapel Hill 33% Chapel Hill ■ Hillsborough 47% 35% Hillsborough Mebane 49% Unincorporated Unincorporated Orange County 12% Orange County Area # of Grants Amount of Funding Carrboro 6 $40,360 Chapel Hill 27 $152,369 Hillsborough 15 $100,485.95 Unincorporated 2 $15,000 Orange County FY 2015 - 16 Small Business Loan ■ Hillsborough Chapel Hill Area # of Loans Amount of Funding Chapel Hill 2 $190,000 Hillsborough 2 $150,000 Area # of Grants Amount of Funding Chapel Hill 2 $11,000 Hillsborough 9 $58,884.28 Mebane 2 $20,000 Unincorporated 10 $80,596.49 Orange County O 8 45 Lifetime Business Investment Grants 4 0 ° 10% 33% 53% Carrboro Chapel Hill Hillsborough Unincorporated Orange County Area Article 46 Sales Tax Budgeted Amount Amount of for Economic Development $2,000,000 Funding $1,900,000 8 $1,800,000 Chapel Hill $1,700,000 $242,295 $1,600,000 23 $1,500,000 Unincorporated $1,400,000 — $1,300,000 $1,200,000 $1,100,000 $1,000,000 FY 2015 -16 FY 2016 -17 FY 2017 -18 Recommended FY 2018 -19 Amount $1,407,288 $1,503,863 $1,755,746 $1,825,976 Lifetime Business Investment Grants 4 0 ° 10% 33% 53% Carrboro Chapel Hill Hillsborough Unincorporated Orange County Area # of Grants Amount of Funding Carrboro 8 $47,360 Chapel Hill 50 $242,295 Hillsborough 23 $151,005.95 Unincorporated 3 $17,000 Orange County Lifetime Small Business Loan 5% 1% Hillsborough Chapel Hill Unincorporated Orange County Area # of Loans Amount of Funding Chapel Hill 9 $415,000 Hillsborough 10 $487,848 Unincorporated 1 $47,000 Orange County M 49 Lifetime Agriculture Grants 12% ■ Chapel Hill ■ Hillsborough Mebane Unincorporated Orange County Area # of Grants Amount of Funding Chapel Hill 4 $31,740.60 Hillsborough 13 $91,829.09 Mebane 4 $34,115 Unincorporated 18 $144,565.31 Orange County M. 10