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 Persons: Scott 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: ____________________________