File #: 19-0044    Version: 1 Name:
Type: Action Item Status: Consent Agenda
File created: 1/17/2019 In control: Board of County Commissioners
On agenda: 2/11/2019 Final action:
Title: Approval to Amend Park Center Phase I Public-Private Projects Agreement with Research Triangle Foundation
Attachments: 1. Original Park Center PPP 10-12-15, 2. First Amedment to Park Center PPP 10-10-16, 3. Revised First Amendment to Park Center PPP, 4. Utility Extension Contract RTF Park Center 15_202, 5. Utility Extension Map RTF Park Center 15_202, 6. Park Center Tax Contribution Summary, 7. Park Center Tax Contribution Detailed Results, 8. Cost Sharing Comparison Between Agreements, 9. Summary of Contracts Cost Sharing
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Item:                       

Title

Approval to Amend Park Center Phase I Public-Private Projects Agreement with Research Triangle Foundation

 

Body

Date Of BOCC Meeting:  February 11, 2019

 

Request For Board Action:

Agenda Text

The Board is requested to authorize the County Manger to execute an amendment to the Park Center Phase I Public-Private Projects agreement with Research Triangle Foundation of North Carolina to (1) to reflect changes to the list of the specific Phase I Infrastructure projects; (2) to update the estimates of local economic impact; (3) change the anticipated completion date for each project, and; (4) to make other minor technical corrections. The maximum reimbursement to be paid by the County is $20,000,000.00 pursuant to the agreement approved by the BOCC on September 28, 2015.

 

Alignment With Strategic Plan: Goal 4: Environmental Stewardship and Economic Prosperity; Goal 5: Visionary Government

 

Resource PersonsScott Levitan, CEO, Research Triangle Foundation; Linda Hall, CFO, research Triangle Foundation; Wendell Davis, County Manager; Jay Gibson, General Manager; Andy Miracle, Economic Development Officer

County Manager’s Recommendation: The County Manager recommends that the Board approve the proposed revisions to the first Park Center contract amendment.

 

 

Signature

County Manager: ____________________________