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REVISED/ Commissioner Jack Brown - EDC - To Authorize a Resolution to Provide a Sanitary Sewer Easement on Parcel ID # 220493 to Provide Service for Project CATAMOUNT
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STAFF CONTACT
Donny Hicks - Economic Development - 704-825-4046
BUDGET IMPACTbudget
N/A - No County funds needed
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project CATAMOUNT is considering a total investment of $20.6 million in new construction and machinery & equipment to establish an advanced manufacturing and technical facility in the Gastonia Technology Park (GTP) with the expectation to complete this investment on or before December 31, 2023; the Company intends to create at least fifty-nine (59) new jobs, within five years of establishing operations, expecting to pay an average annual wage of $59,661 with the current average annual wage for Gaston County being $39,852; this investment consists of not less than nine million seven hundred and sixty thousand dollars ($9.76 Million) in real property investment and ten million eight hundred eighty-five thousand dollars ($10.885 Million) in personal property (M&E) investment; the County owned parcel consisting of 1.36 acres and identified as Parcel # 220493, was acquired for the purpose of providing access to the sanitary sewer line; an easement for the purposes of providing sanitary sewer services is required for CATAMOUNT to have the site conveyed from KRM Development in the GTP; this sanitary sewer easement will allow the investment to occur.
POLICY IMPACT
ATTACHMENTS
REVISED/ Resolution