HomeMy WebLinkAboutC.054.93009_1332(i) In determining whether a company will qualify, the County
Commissioners will review its application and first determine
that its plants, processes and products will be
environmentally acceptable, that adequate water, sewer and
other utilities are available or can be readily made
available, that it will not be detrimental to the quality of
life in the area, will not engage in the handling, storage or
treatment of hazardous waste or low-level nuclear waste, and
is not operated for any immoral or illegal purpose;
(j) A qualifying company that certifies within five years of
its original application for education and job training
benefits hereunder that it has increased its tax base
investment by twenty-five (25%) or more of the initial
qualifying amount ($25,000,000) shall be eligible to apply for
additional'education and job training benefits;
(k) Sums due hereunder for job training and education
benefits shall be reduced by any other funds received by the
qualifying company from the County for water, sewer, or other
incentive benefits;
(1) Mitchell Community College will Act as the disbursing
agent for Iredell County. Requests for disbursements pursuant
to the program created hereby will be accompanied by
sufficient documentation to allow Mitchell Community College
to determine that the qualifying company meets the total
investment requirement and the investment per employee ratio.
Disbursement will be made only upon receipt of sufficient
documentation establishing the expenditure by the qualifying
company for job education training and skills, including, but
not limited to, instructional salaries and expenses of all
kinds, including living and lodging expenses legitimately
incurred by the qualifying company and expenses for the moving
of machinery and equipment necessary for the training and
education of employees and any other legitimate expenses
associated with the training and education of employees and
the equipping of them for job skills.
This the 26th day of August, 1996.
VOTING: Ayes - 5; Nays - 0.
MOTION by Commissioner Madison to adopt the following
resolution:
THE IREDELL INDUSTRIAL TRAINING PROGRAM
FOR
POLAR PLASTICS
WHEREAS, the Iredell County Board of Commissioners previously
created The Iredell Industrial Training Program to be administered
by Mitchell Community College; and
WHEREAS, Polar Plastics has submitted an application for
qualification to participate in The Iredell Industrial Training
Program; and
WHEREAS, we have examined the application of Polar Plastics
and find that it has committed to us that it will add approximately
$25,000,000 to the tax base of Iredell County and will have an
investment -to -employee ratio in excess of $95,000 per employee,
will not handle or process hazardous waste or low level nuclear
waste and otherwise meets all of the qualifying criteria;
NOW, THEREFORE, BE IT RESOLVED:
AUG 2 61996 501