HomeMy WebLinkAboutC.054.93010_0280MOTION by Commissioner Johnson to grant $50,000 from the FY 2000-01 budget, to be
taken from contingency for the project, and to consider the remaining $50,000 request during the
FY 2001-02 budget discussions.
VOTING: Ayes - 5; Nays - 0.
PUBLIC HEARINGS
Chairman Tice declared the meeting to be in a public hearing
CONSIDERATION OF AN ECONOMIC INCENTIVE GRANT IN THE
AMOUNT OF $789,600 FOR COMMSCOPE, INC., NORTH CAROLINA: Jeff McKay, of
the Greater Statesville Development Corporation, along with Bert Wyatt, the legal counsel for
CommScope attended the meeting. McKay said the company was seeking to locate production
equipment for a variety of new products. He said the expansion would include manufacturing and
development of several component products for the cable industry. McKay said the expansion
would entail a $35,000,000 investment in equipment along with 150 new jobs by year 2002. Mr.
McKay said the request was to al low the company to participate in the county's industrial incentive
program in the amount of $789,600.
No one else spoke and Chairman Tice adjourned the hearing.
Commissioner Johnson said he wanted to clarify the grant award. He said no one was
leaving with a check in the amount of $789,600. Mr. Johnson said that assuming the company paid
wages above the average county wage and invested enough in the tax base over a six year period,
that it would accrue a credit against the revenues it produced in the amount of'$789,600. ,lohnson
said the benefit to the county would be an increased tax base in the out years and good paying jobs
in the short term which would be beneficial because of the increased economic activity.
MOTION by Commissioner Fortner to grant CommScope's request for an economic
incentive to the amount of $789,600.
Stewart mentioned the number of people that had operated businesses in fredell County
without the assistance of economic incentives. She said there were many other needs in the county.
Mrs. Stewart also said Iredell Countyhad much to offer industries without awarding them utcem yes.
Johnson said the county needed to stay competitive. Mn Johnson said he felt it would be
beneficial to the taxpayers to increase the tax base and to continue in seeking industries that paid
above the county's median average wage. He said he thought the incentives would help to
"ameliorate the vicissitudes of the economic cycle in the out years." He said the county had to make
itselfappealing, and it couldn't just sit back and expect industries to show up.
Fortner agreed with Johnson. She said a large industrial base allowed the county to have a
low tax rate and it aided in building the much needed schools.
VOTING: Ayes - 4; Nays - 1 (Stewart).
Chairman Tice declared the meeting to be in a public hearing.
CONSIDERATION OFAN ECONOMIC INCENTIVE GRANT IN THE AMOUNT
OF $376,000 FOR ALBERDINGK BOLEV GmbH: McKay said this company planned to
purchase a 36 -acre tract in the Statesville Business Park to construct a facilitUpon opening
y.
McKay said the company would produce environmentally safe non -hazardous products used as
replacements for solvent-bome systems in the coating and adhesives industry. He said this would
be the first facility in the United States for the 100 -year-old German company. McKay said the
company planned to invest, in the first phase, $20 million and employ 50 people. The company will