Transcript Moore County Capital Projects Update September 21, 2010

Current Information / Projections
for Moore County
Presented by:
Tim Lea
Moore County Commissioner
September 2011
Overview of Presentation

County Financial Information
 Update on Capital Projects





Public Safety / Detention Center
Government Administration Building
Courts Facility
Moore County Public Schools
Update on Other Projects


Water Projects
Heart of North Carolina MegaSite
County Financials
 Existing
Debt Service
 Capital Improvement Projects &
Projected Costs
 Revenues and Expenditures
 Tax Collection Rate
19
99
20 -20
00 0
20 -20 0
01 0
20 -20 1
0 0
20 2-2 2
03 00
20 -20 3
04 0
20 -20 4
05 05
20 -20
0 0
20 6-2 6
07 00
20 -20 7
08 0
20 -20 8
09 09
20 -20
1 1
20 0-2 0
11 01
20 -20 1
12 12
20 -20
13 13
20 -20
1 1
20 4-2 4
15 01
20 -20 5
16 16
20 -20
17 1
20 -20 7
1 1
20 8-2 8
19 01
20 -20 9
20 20
20 -20
21 2
20 -20 1
2 2
20 2-2 2
23 02
20 -20 3
24 2
20 -20 4
25 2
20 -20 5
2 2
20 6-2 6
27 02
20 -20 7
28 2
20 -20 8
29 29
20 -20
30 30
-2
03
1
Existing Debt Service (Annually)
$35,000,000
$30,000,000
Principal
Interest
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$-
*In 2008-09, the County refinanced Moore County Schools debt that shows as a
principal payment for auditing purposes.
General Government Debt
on June 30, 2007
General Government Debt
Balance
Principal as of
June 30, 2007
Interest as of
June 30, 2007
Total as of June
30, 2007
Interest
Rate
Original
Principal
3-5%
$ 6,000,000
4.4-5.1%
$ 19,000,000
MCS GO Debt Series 2003
$
5,165,216
$
2,036,086
$
7,201,303
MCS GO Debt Series 1998
$
13,224,000
$
3,618,892
$
16,842,892
SCC GO Debt Series 2003
$
4,734,784
$
1,866,414
$
6,601,197
3-5%
$ 5,500,000
SCC GO Debt Series 1998
$
4,176,000
$
1,142,808
$
5,318,808
4.4-5.1%
$ 6,000,000
Jail Expansion
$
1,215,000
$
129,675
$
1,344,675
3.3-5.25%
$ 4,690,000
Airport Hangars
$
14,322
$
233
$
14,555
4.97-5.6%
$
270,000
Airport T-Hangers
$
182,252
$
14,901
$
197,153
5.87%
$
450,000
Middle School Financing 1996
$
2,744,804
$
246,926
$
2,991,730
3.91%
$ 8,500,000
Middle School Financing 1997
$
3,558,999
$
320,173
$
3,879,172
3.91%
$ 9,900,000
$ 3,800,000
DSS Carriage Oak Building
Renovations
$
2,312,667
$
460,930
$
2,773,597
4.194.25%
Animal Shelter
$
282,800
$
25,007
$
307,807
3.93%
$
700,000
Roll-off Trucks
$
125,433
$
9,573
$
135,006
3.80%
$
160,128
Total General Govt. Debt Service
$
37,736,277
$
9,871,618
$
47,607,895
Utilities Debt on June 30, 2007
Utility Debt Balance
Principal as of
June 30, 2007
Interest as of
June 30, 2007
Total as of June
30, 2007
Interest
Rate
Original
Principal
East Moore Water District Phase 1
$
1,736,500
$
1,713,983
$
3,450,483
4.50%
$ 1,797,000
Seven Lakes Water
$
412,427
$
34,646
$
447,073
4.57%
$ 1,550,000
Pinehurst Water
$
2,541,314
$
405,137
$
2,946,451
4.495.63%
$ 5,900,000
Cannon Park Water Tower
$
630,867
$
163,578
$
794,445
4.58%
$
850,000
Public Utilities Office
$
254,467
$
13,477
$
267,944
3.79%
$
900,000
Total Utility Fund Debt
$
5,575,575
$
2,330,821
$
7,906,396
Total Debt on June 30, 2007
 General
 Utilities
 Total
Government
$47,607,895
$ 7,906,306
$55,514,201
Existing General Government Debt
General Government Debt
Balance
Principal as of
June 30, 2011
Interest as of
June 30, 2011
Total as of June
30, 2011
Interest
Rate
3-5%
Original
Principal
MCS GO Debt Series 2003
$
4,330,434
$
1,246,695
$
5,577,129
$
6,000,000
MCS GO Debt Series 2008
$
30,200,000
$
13,270,740
$
43,470,740
3.25-4.75%
$ 32,000,000
MCS GO Debt Series 2009
$
21,052,889
$
9,342,760
$
30,395,650
2.4-4.5%
$ 22,000,000
MCS Refunding Debt Series 2009
$
7,881,200
$
708,738
$
8,589,938
2-3%
$ 10,678,000
SCC GO Debt Series 2003
$
3,969,566
$
1,142,805
$
5,112,371
3-5%
$
5,500,000
SCC GO Debt Series 2008
$
7,550,000
$
3,317,685
$
10,867,685
3.25-4.75%
$
8,000,000
SCC GO Debt Series 2009
$
7,177,111
$
3,185,027
$
10,362,138
2.4-4.5%
$
7,500,000
SCC Refunding Debt Series 2009
$
2,488,800
$
223,812
$
2,712,612
2-3%
$
3,372,000
Public Safety Complex/Detention
$
29,830,000
$
11,196,838
$
41,026,838
2.5-5%
$ 29,830,000
Roll-off Trucks 2011
$
244,376
$
13,718
$
258,094
2.17%
$
244,376
IT Equipment
$
24,808
$
274
$
25,082
2.72-6%
$
181,126
Total General Govt. Debt Service
$
114,749,184
$
43,649,092
$
158,398,276
Existing Utilities Debt
Utility Debt Balance
Principal as of
June 30, 2011
Interest as of
June 30, 2011
Total as of June
30, 2011
Interest
Rate
Original
Principal
East Moore Water District Phase 1
$
1,642,500
$
1,407,533
$
3,050,033
4.50%
$
1,797,000
East Moore Water District Phase 2
$
7,576,000
$
7,728,308
$
15,304,308
4.1254.5%
$
7,661,000
Pinehurst Area Utility Projects
$
8,590,000
$
4,594,406
$
13,184,406
2.5-5%
$
8,590,000
Pinehurst Water
$
1,070,762
$
65,253
$
1,136,014
4.495.63%
$
5,900,000
Cannon Park Water Tower
$
415,438
$
65,382
$
480,821
4.58%
$
850,000
WPCP Revolving Loan*
$
20,000,000
$
4,007,100
$
24,007,100
2.22%
$ 20,000,000
EMWD Phase 3*
$
3,760,000
$
3,064,088
$
6,824,088
3.25%
$
Total Utility Fund Debt
$
43,054,700
$
20,932,069
$
63,986,769
*Debt Issued Fiscal Year 2011-2012
3,760,000
Total Existing Debt

On June 30, 2011




General Government
Utilities
Total
$158,398,276
$ 33,155,582
$191,553,858
On August 1, 2011



General Government
Utilities*
Total
$158,398,276
$ 63,986,769
$222,385,045
*Includes WPCP Upgrade and EMWD Phase 3
Debt Service Balances
Principal
Interest
Total
As of 6/30/00
$
57,511,231
$
21,543,860
$
79,055,091
As of 6/30/01
$
59,000,459
$
20,641,035
$
79,641,494
As of 6/30/02
$
55,306,612
$
17,507,491
$
72,814,103
As of 6/30/03
$
63,905,185
$
22,611,693
$
86,516,878
As of 6/30/04
$
58,648,427
$
19,653,293
$
78,301,720
As of 6/30/05
$
53,181,906
$
16,638,889
$
69,820,795
As of 6/30/06
$
48,302,095
$
14,338,148
$
62,640,243
As of 6/30/07
$
43,311,852
$
12,202,439
$
55,514,291
As of 6/30/08
$
87,448,199
$
32,140,669
$
119,588,868
As of 6/30/09
$
111,112,105
$
50,276,568
$
161,388,673
As of 6/30/10
$
104,204,055
$
45,947,502
$
150,151,557
As of 6/30/11
$
134,043,884
$
57,509,973
$
191,553,857
WPCP Upgrade*
$
20,000,000
$
4,007,100
$
24,007,100
EMWD Phase III**
$
3,760,000
$
3,064,088
$
6,824,088
Current Estimate
$
157,803,884
$
64,581,161
$
222,385,045
*Debt Issued Fiscal Year 2011-12
**Debt to be issued at close of project
of
6
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/3
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of
0
6/ 0
As
30
/0
of
6/ 1
As
30
/0
of
2
6
As /30
/0
of
6/ 3
As
30
/0
of
6/ 4
As
30
/0
of
6/ 5
As
30
/0
of
6/ 6
As
30
/0
of
6/ 7
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30
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6/ 8
As
30
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6/ 9
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30
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e
As
Debt Service Obligation
Debt Service Balances
Debt Service Obligations by Year
$240,000,000
$210,000,000
$180,000,000
$150,000,000
$120,000,000
Interest
$90,000,000
Principal
$60,000,000
$30,000,000
$-
Year
Debt Balance Comparison

Total Debt









On June 30, 2007
August, 2011
Difference
$ 55,514,291
$222,385,045
$166,870,754
$195 million of the County’s $222 million debt service obligations are
attributed to the following projects:
GO Bonds for MCS and SCC in 2008 & 2009 ($95 Million Remaining)
Public Safety Complex/Detention Center ($41 Million Remaining)
Pinehurst Utility Projects ($13 Million Remaining)
East Moore Water District Phases 2 and 3 ($22 Million Remaining)
Water Pollution Control Plant Upgrade ($24 Million Remaining)
Capital Reserve Fund Running Balance
Date
Capital Reserve Fund Debits/Credits
Actual
Running balance
8/14/2008
Transfer from GF
$1,895,910
$1,895,910
5/20/2009
Transfer from GF
$6,718,062
$8,613,972
6/3/2009
Transfer to Capital Reserve Fund
-$1,981,200
$6,632,772
6/30/2009
Interest Earned
$10,278
$6,643,050
8/5/2009
Transfer from GF
$3,202,389
$9,845,439
8/5/2009
Transfer from WPCP
$1,327,568
$11,173,007
2/22/2010
Transfer to IT - ERP Project
-$1,634,445
$9,538,562
2/22/2010
Transfer to GF for School Bond Debt
-$2,730,840
$6,807,722
6/30/2010
Interest Earned
$11,035
$6,818,757
9/30/2010
Transfer from WPCP
$1,616,478
$8,435,235
10/11/2010
Transfer to GF
-$2,000,000
$6,435,235
1/31/2011
Transfer from GF to Cap Reserve 15% over
$6,629,011
$13,064,246
1/31/2011
County Facility Expansion A/E Fees
$1,403,364
$14,467,610
1/31/2011
Transfer to GF
-$181,666
$14,285,944
1/31/2011
Transfer to Capital Reserve Debt
-$6,248,783
$8,037,161
1/31/2011
Transfer to Capital Reserve Enterprise
-$2,944,046
$5,093,115
5/31/2011
Transfer to Capital Reserve Fund
$4,000,000
$9,093,115
6/9/2011
Transfer to GF to Pay off Debts
-$1,374,529
$7,718,586
Capital Reserve Fund Balances
 Governmental
Projects - $7,718,586
 Debt Service - $4,448,783

Includes a $1,800,000 decrease to pay for
debt service in FY 2011-12
 Enterprise

Funds - $4,560,524
Includes $1,616,478 increase budgeted in FY
2011-12
General Fund Revenues
Budgeted for Fiscal Year 2012
Transfers,
Grants,
App FB,
$2,299,000,
$9,790,474,
$432,355,
2.70%
11.51%
0.51%
Fees,
$4,918,436,
5.78%
Taxes
Interest
Fees
Interest,
$145,000,
0.17%
Grants
Taxes,
$67,471,191,
79.33%
Transfers
App FB
General Fund Expenditures
Budgeted for Fiscal Year 2012
Grants, $2,551,581,
3.00%
Transfers, $167,246,
0.20%
General Govt
General Govt,
$6,136,799, 7.21%
Debt Service - County,
$3,922,200, 4.61%
Public Safety,
$10,503,273, 12.35%
Public Safety
Environmental /
Community Development
Human Services
Environmental /
Community
Development,
$4,102,697, 4.82%
Cultural
Education
Debt Service - County
Education,
$38,195,742, 44.91%
Human Services,
$18,262,538, 21.47%
Cultural, $1,214,380,
1.43%
Grants
Transfers
Total Expenditures
Moore County Expenditures
$140,000,000
$120,000,000
Other Funds
Enterprise Funds
General Fund
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
20
00
-0
20 1
01
-0
20 2
02
-0
20 3
03
-0
20 4
04
-0
20 5
05
-0
20 6
06
-0
20 7
07
-0
20 8
08
-0
20 9
09
20 1 0
10
20 1 1
11 *
-1
2*
*
$0
Includes all expenses, including internal service funds, where the County was its own customer.
*Estimated
**Budgeted
TAX VALUE AND COLLECTION DATA
YEAR
INITIAL VALUE
RATE/$100
COUNTY GENERAL COLLECTED
1999
$4,883,710,385
0.49
$23,810,243
2000
$5,059,453,701
0.53
$26,997,890
2001
$5,306,291,819
0.545
$28,690,476
2002
$5,584,765,367
0.545
$30,225,195
2003
$7,621,293,650
0.475
$36,018,760
2004
$7,779,578,744
0.475
$36,892,447
2005
$8,180,884,836
0.455
$37,025,099
2006
$8,524,636,576
0.455
$38,442,260
2007
$11,188,555,482
0.445
$49,573,897
2008
$11,473,833,391
0.479
$54,564,249
2009
$11,668,028,506
0.465
$53,938,563
2010
$11,696,128,000
.465
$54,236,496
2011
$11,852,093,247
.465
$53,423,438 Projected for 6/30/12
TAX VALUE AND ADVANCED LIFE
SUPPORT (ALS) COLLECTION DATA
YEAR
INITIAL VALUE
RATE/$100
ALS COLLECTED
1999
$4,883,710,385
0.05
$2,428,325
2000
$5,059,453,701
0.05
$2,555,974
2001
$5,306,291,819
0.05
$2,633,835
2002
$5,584,765,367
0.05
$2,768,613
2003
$7,621,293,650
0.04
$3,039,999
2004
$7,779,578,744
0.04
$3,103,273
2005
$8,180,884,836
0.04
$3,246,937
2006
$8,524,636,576
0.04
$3,376,115
2007
$11,188,555,482
0.03
$3,367,067
2008
$11,421,020,996
0.025
$2,867,348
2009
$11,668,028,506
0.02
$2,333,975
2010
$11,696,128,000
0.02
$2,202,481
2011
$11,852,093,247
0.02
$2,297,780 Projected 6/30/12
TAX VALUE AND FIRE COLLECTION DATA
YEAR
INITIAL VALUE
FIRE DISTRICT COLLECTED
1999
$4,883,710,385
$1,879,665
2000
$5,059,453,701
$1,960,374
2001
$5,306,291,819
$2,049,473
2002
$5,584,765,367
$2,204,028
2003
$7,621,293,650
$2,336,556
2004
$7,779,578,744
$2,363,852
2005
$8,180,884,836
$2,571,182
2006
$8,524,636,576
$2,736,384
2007
$11,188,555,482
$3,367,531
2008
$11,421,020,996
$3,467,176
2009
$11,668,028,506
$3,393,104
2010
$11,690,128,000
$2,865,223
2011
$11,852,093,247
$3,128,294 Projected 6/30/12
FIRE DISTRICT TAX VALUE AND COLLECTION DATA
DISTRICT
INITIAL VALUE
RATE
PROJECTED COLLECTIONS
ABERDEEN
$51,060,000
.093
$46,774
CARTHAGE
$352,500,000
.067
$232,632
CRAINS CRK
$102,890,000
.111
$112,495
CRESTLINE
$88,930,000
.085
$74,457
CYPRESS POINTE
$782,787,000
.079
$609,126
EAGLE SPRGS
$213,030,000
.078
$163,671
EASTWOOD
$212,970,000
.070
$146,843
HIGHFALLS
$151,550,000
.066
$98,523
PINEBLUFF
$199,500,000
.089
$174,892
PINEHURST
$175,000,000
.084
$144,795
ROBBINS
$261,005,000
.061
$156,825
7 LAKES
$657,900,000
.040
$259,213
S. PINES
$532,500,000
.089
$466,816
WEST END
$424,300,000
.059
$246,582
WESTMOORE
$174,895,000
.071
$122,313
WHISPERING PINES
$126,623,000
.058
$72,340
TOTAL: $3,128,294
TAX VALUE AND COLLECTION DATA
IMPACT OF REVALUATION ON VALUES
YEAR
% INC
TOTAL VALUE
$5,584,765,367
% INC
2002
REAL VALUE
$4,509,241,865
2003
$6,568,126,065
45.6%
$7,621,293,650
36.4%
2006
$7,320,824,701
2007
$9,963,358,595
$8,524,636,576
36.1%
$11,188,555,482
31.2%
ESTIMATED PROJECTIONS FOR 2011 - 2012
TOTAL VALUE
RATE
$11,852,093,247
0.465/$100
TOTAL REVENUE PROJECTION
$53,423,438
Tax Collection Rate
Collection Rate
100.00%
99.50%
99.00%
98.50%
98.00%
97.50%
97.00%
96.50%
19881989
19901991
19921993
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
Moore County
Tax Rate Comparison
Tax Rate
$0.600
$0.500
0
. 49 0. 49
0
$
$
5
5
. 54 0. 54
0
$
0$
5
5
. 47 0. 47
0
$
$
9
5
5
5
47
5
5
5
.
5
5
5
5
0
. 46 0. 46 0. 46
4
4
4
4
$
0
.
.
.
4
.
$
$
$
$0
$0
$0
$0
$0.400
$0.300
$0.200
$0.100
19
98
-1
99
19
9
99
-2
00
20
0
00
-2
00
20
1
01
-2
00
20
2
02
-2
00
20
3
03
-2
00
20
4
04
-2
00
20
5
05
-2
00
20
6
06
-2
00
20
7
07
-2
00
20
8
08
-2
00
20
9
09
-2
01
20
0
10
-2
01
20
1
11
-2
01
2
$-
Fiscal Year
Tax Rate Information
 Value
of 1 penny on the tax rate is
estimated to be $1,148,891
 This is based on the value, collection rate,
discount offered and taken, and interest
for late payment
 79 of the 100 NC counties have a higher
tax rate than Moore County
Tax Rate Comparison
Surrounding Counties
$1.200
$1.000
90
$0.9
00
0.81
$
0
500
40
250 0.7300
$0.7
$0.7
$
$0.7
$0.800
700
$0.6
219
$0.6
$0.600
860
$0.5
650
$0.4
$0.400
$0.200
oo
re
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an
do
lp
h
R
ha
th
am
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er
y
on
tg
om
M
ok
e
H
ar
ne
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$0.000
Tax Rate Comparison
Surrounding Counties
County
Scotland
Cumberland
Richmond
Lee
Harnett
Hoke
Montgomery
Chatham
Randolph
Moore
Tax Rate
$0.9900
$0.7400
$0.8100
$0.7500
$0.7250
$0.7300
$0.6700
$0.6219
$0.5860
$0.4650
Total Value
$1,997,342,057
$21,334,340,980
$2,950,861,321
$4,700,000,000
$7,204,708,437
$2,719,327,527
$2,292,620,620
$8,800,000,000
$10,100,000,000
$11,852,093,247
Capital Projects Under
Consideration
Current Public Safety / Detention
Center

July 21, 2010 Bid Opening


Limited Obligation Bond Financing




$27,224,000 (D.H. Griffin Construction)
Principal - $29,830,000
Interest - $12,006,413
Total - $41,836,413
147,000 Square Feet




Detention Center (192 beds)
E-911 Center
Public Safety/Fire Marshal
Sheriff’s Department
Government Administration
Building
– Board voted to not place this
building on the Grimm property
 5/17/10 – Board voted to not bid the
government building at this time
 Latest Cost Estimate - $11,730,228
 5/17/10


Includes $497,700 of design fees already paid
Does not include site work
Courts Facility
 3/15/10
- Received a comprehensive
space needs assessment from Solutions
for Local Government

Estimated Construction Cost: $21,886,200
• 116,700 gross square feet and 150 parking spots
Other Future Major Capital
Requests

Moore County Schools
Modernization Projects
 New High School  New Middle School  2 New Elementary Schools –
 Elementary Addition  West End Elementary Sewer Total


$14,800,000
35,000,000
18,000,000
26,000,000
4,000,000
2,000,000
$99,800,000
The preceding information is listed in the
County’s future Capital Improvement Project
(CIP) and is not approved or funded
Current Water System Capital
Improvement Projects




Radio Read Meters
SCADA Upgrades
2 New Wells in Pinehurst (3A, 6A)
East Moore Water District Phase 3
1,288,000
163,000
370,700
3,871,816
__________________________________________________
TOTAL
$5,693,516
Current Sewer System Capital
Improvement Projects

Old Town Sewer Rehab
$5,450,000
 2 Lift Station Permanent Generators
185,000
 ATEX Sewer Line and Lift Station
525,390
 Vass (Little River Regional Lift Station)
2,274,898
__________________________________________________
TOTAL
$8,435,288
Addor Water Pollution
Control Plant Expansion

Adds an additional 3.3 million gallons per day
(mgd) capacity for a total capacity of 10 mgd
 Rehabilitates and modernizes the existing facility
 Construction contract awarded July 19
 Current Budget – $25,442,000



$4,560,524 available in Capital Reserves
$1.1 million in design costs already paid
$20 million planned loan at a 2.22% interest
Current Purchase Water
Capacities
 Southern
Pines
 Aberdeen
 Chatham
 Harnett
1,000,000 GPD
600,000 GPD
300,000 GPD
2,000,000 GPD
 Current pipe capacity is 1,120,000 GPD
 Robbins
100,000 GPD
_____________
Total Current Water Cap. 4,000,000 GPD
Additional Water Purchase Contracts
Under Consideration
 Chatham
County
 Harnett County
 Lee County
 Montgomery County
 Randolph County (Asheboro)
 Robbins
 Scotland County (Laurinburg)
Existing Water Sources
Source
Flow (MGD)
Note
Harnett County
2.000
They are expanding their plant
Pinehurst Wells
3.354
Running 24 hours per day
Southern Pines
1.000
Hydraulically limited now, but with
Midland Road waterline will be able
to meet
Aberdeen
0.600
Hydraulically can provide 1.0 MGD
Seven Lakes Wells 0.120
Subtotal
7.074
Running 24 hours per day
Existing Water Sources
Source
Flow (MGD)
Note
Robbins
0.05
Robbins purchases from
Montgomery County
Chatham County
0.025
Purchased from Siler City
Total
7.149
Existing Population &
Average Day Water Demand
Population
Water
Connections
Average Day
Demand (MGD)
3,248
1,366
0.237
Vass
834
432
0.088
Hyland
Hills/Niagara
335
129
0.027
Pinehurst
14,000
7,669
1.8
Seven Lakes
6,365
2,540
0.43
Subtotal
24,782
12,136
2.582
EMWD
(Phases 1 & 2)
Existing Population &
Average Day Water Demand
Population
Water
Connections
Average Day
Demand
MCPU Robbins
56
20
0.009
High Falls
11
4
0.003
The Carolina
25
9
0.008
Addor
116
47
0.025
Total
24,990
12,216
2.627
Maximum Day Water Demand
Maximum Day Demand
(MGD)
EMWD
0.308
Vass
0.114
Hyland Hills/Niagara
0.035
Pinehurst
3.954
Seven Lakes
0.881
Subtotal
5.292
Max day demand is approximately two times average day
demand.
Maximum Day Water Demand
Maximum Day Demand
(MGD)
MCPU Robbins
0.012
High Falls
0.004
The Carolina
0.011
Addor
0.033
Total
5.352
Heart of North Carolina MegaPark

A joint Project of Moore and
Montgomery Counties
Heart of NC MegaPark
Vision
 Long-term
regional economic impact
 Strategic central location
 Large land tract
 Landowners’ support
 Joint collaboration between counties
 Eco-friendly development
 Quality of life amenities
Heart of NC MegaPark
Regional Economic Impact

60 Minute Drive Time
 2010 Population –
646,251
 2010 Civilian Labor
Force – 317,875
Source: Site to Do Business,
www.stdbonline.com
Heart of NC MegaPark
Strategic Central Location

Easy access to East Coast markets

Geographic Center of North Carolina
Heart of NC MegaPark
Distances to Selected Cities
Winston
-Salem


Greensboro

Raleigh



Charlotte
Pinehurst/Southern
Pines
Fayetteville

Rockingham

Montgomery
Moore
US 220
Heart of NC MegaPark
NC 24/27
Montgomery
Moore
NC 24/27
Heart of NC MegaPark
Access

Highways (Truck Travel
Time)









Greensboro = 50 min.
Port of Charleston = 4 hrs.
Raleigh = 90 min.
Port of Morehead City = 4
hrs.
Charlotte = 90 min.
Norfolk VA Port = 4 hrs. 50
min.
Fayetteville = 90 min.
Atlanta = 5 ½ hrs.
Port of Wilmington = 3 hrs.

Rail - Aberdeen Carolina
and Western Railway


Connects to CSX and
Norfolk Southern
Airports





Montgomery County Airport
= 3 miles
Moore County Airport =
33 miles
Piedmont Triad
International = 55 miles
Raleigh Durham
International = 88 miles
Charlotte Douglas
International = 80 miles
Heart of NC MegaPark
Large Land Track

Over 3,000 acres with some frontage on
Interstate 73/74
 Utilities:





Electricity - Progress Energy and Randolph EMC
Water - Montgomery County
Sewer - Town of Biscoe or on-site system
Natural Gas - access within a 20-25 mile radius
Other Amenities:



Fiber Optics - CenturyLink
HUBZone compliant
Air Quality- Attainment area
Heart of NC MegaPark
Incentives
 Tier



1 = Maximum state incentives
Tier 1 status applies to entire site
$12,500 tax credit per new job
7% tax credit for investment in personal
property
Heart of NC MegaPark
Eco-Friendly Development
 Green
& sustainable
 Protect wetlands & wildlife habitats
 Preserve natural aesthetics
 Restrictive covenants
 Target industries supporting environmental
sustainability
Heart of NC MegaPark
Quality of Life Amenities
 Pinehurst/Southern
Pines lifestyle
 Uwharrie National Forest
 Lake Tillery & Badin Lake
 North Carolina Zoo
 Healthcare
 Community Colleges
Heart of NC MegaPark
Moore County’s Involvement
– Board approved resolution of
support for an industrial mega site project
in collaboration with Montgomery County
Economic Development Corporation and
the Montgomery County Board of
Commissioners
 Major property owners providing seed
money – no County dollars involved
 8/16/10
Heart of NC MegaPark
Seed Funding
 Landowners:
Jordan Lumber Company
$ 3,000
 Bobby Myrick
3,000
 Gus Shad
1,000
 Progress Energy
5,000
 Randolph Electric
7,500
 NC Electric Membership Corp.
7,500
 Moore County Partners in Progress 50,000
 Montgomery County EDC
50,000
 First Bank
150,000


Total Income as of 09/07/2011
$277,000
Heart of NC MegaPark
Joint County Collaboration
 Resolution


of Support
Moore County
Montgomery County
 Board of Directors

Composed of members from both counties
Heart of NC MegaPark
Board Members








Tim Lea – Chairman (Moore
County Commissioner)
Jim Matheny – Vice Chair
(Montgomery Co.
Commissioner)
Lance Metzler – Secretary
(Montgomery Co. Manager)
Cary McSwain – Treasurer
(Moore Co. Manager)
Ray Ogden / Pat Corso – CoExecutive Director (Moore Co.
Economic Developer)
Judy Stevens – Co-Executive
Director (Montgomery Co.
Economic Developer)
Bob Jordan – Principal
Landowner (Jordan Lumber Co.)
Jay Carter, CEO – Dr. J.H.
Carter III & Associates, Inc.







Chuck Frock, President/CEO FirstHealth of the Carolinas
John May, Partner - Robbins
May & Rich LLP
Rob Menzies, Pres. - Aberdeen
Carolina & Western RR
Jerry Ocheltree, President/CEO
- First Bank
Randy Brodd, Reg. Mgr. – Dixon
Hughes Goodman LLP
Ginger Booker (Ex Officio),
Interim Executive Director Piedmont Triad Council of
Governments
Kirby Bowers (Ex Officio),
Executive Director - Triangle J
Council of Governments
Heart of NC MegaPark
Infrastructure Subcommittee Members







Jim Matheny – Subcommittee
Chair
Tim Lea
Lance Metzler
Cary McSwain
Ray Ogden / Pat Corso
Judy Stevens
Water & Sewer

Brant Sikes – Montgomery
County Public Works

Brooks Lockhart – Town of
Biscoe

Fred Hobbs & Bill Lester –
Hobbs Upchurch & Assoc.

Tim Lowder & Bob
Froneberger – W.K. Dickson
& Co.






Environmental

Jay Carter - Dr. J.H. Carter
III & Associates
Power

David McNeill – Progress
Energy
Natural Gas

Bob McCune – Piedmont
Natural Gas
Roads

Travis Morgan – NC
Department of
Transportation
Rail

Russ Smitley – Aberdeen
Carolina & Western Railway
Telecommunications

Ken Topper – CenturyLink
Heart of NC MegaPark
Other Potential Partners
 Randolph


Three County Project Potential
Asheboro


County
Water Provider
Grant Opportunities:





NC Rural Center Economic Innovations Grant
Golden Leaf Foundation
USDA Rural Economic Development Loan and Grant
Economic Development Administration
Community Development Block Grant
Heart of NC MegaPark
Funding Initiatives
Landowners’ support
 Randolph EMC / NC Electric Cooperatives
 Progress Energy
 Rural Center Economic Innovations Grant
 Golden LEAF Foundation
 USDA REDLG Programs
 Rural Center Economic Infrastructure Grant
 Economic Development Administration
 NCDOC: Community Block Development Grant &
Industrial Development Fund

Heart of NC MegaPark
Current Status

Resolution of Support from both counties - Completed
 Form Board of Directors - Completed
 Establish new 501(c)(3) nonprofit corporation –
Completed
 Develop Letters of Intent with landowners – Underway
 Execute Interlocal Agreement between counties – To do
 Develop Master Plan for entire site - To do
 Infrastructure Plan – Committee formed
 Establish NC DOC Site Certification – Under
consideration

Develop Marketing Strategy - To do
Robert Timothy “Tim” Lea
Biography







Resides in District IV
Represents all Moore County Residents
Elected: November 2004
Reelected: November 2008
Sworn in: December 2008 (second term)
Term Expiration: December 2012
Contact Information:



Mail: P.O. Box 1233, Pinehurst, NC 28370
Phone: (910) 295-2965
Email: [email protected]
Robert Timothy “Tim” Lea
Biography

Serving second term on the Moore County Board of Commissioners






Tim served as Chairman from December 2009 through November 2010
Native of Moore County, a product of the Moore County Schools, a
graduate of Sandhills Community College and attended East
Carolina University.
Founder, Chairman and CEO of Healthcare Systems Consulting,
Inc. He has had a wide range of business experience and believes
in managing by consensus building.
Served his country as a United States Marine and was honorably
discharged.
He and his wife, Laine, have two children, a son Blake and daughter
Brittany. They live on the farm where Tim grew up and raise Black
Angus Cattle.
Members of the Culdee Presbyterian Church in Eastwood where he
has served as President of the Men’s Club, Deacon, Chairman of
the Pulpit Nominating Committee and Elder.
Robert Timothy “Tim” Lea
Biography

Extensively involved in local community service projects and civic
organizations since 1993 and has served in many leadership
capacities including










Chairman of the Moore County Planning Board
Chairman of the County Land Use Plan Steering Committee
Chairman of the Moore County Schools Community Superintendent
Search Committee
President of The Public Education Foundation of Moore County, Inc.
Co-chairman of the Moore County Schools Community Technology
Committee
Vice Chairman of the Sandhills Community College Board of Trustees.
Member of the Sandhills Community College Foundation Board of
Directors
Member of the North Carolina Association of Community College
Trustees Executive Board
Member of the Moore County Board of Health
Member of the Moore County Chamber of Commerce
Robert Timothy “Tim” Lea
Biography

In his capacity as County Commissioner, Tim
Lea currently serves as:





Secretary/Treasurer of the Triangle J Council of
Governments Board
Chairman of the Heart of North Carolina MegaPark
Board.
Member of the Research Triangle Regional
Partnership Board
Member of the Moore County Partners in Progress
Executive Board
Member of Retired Seniors Volunteer Program
(RSVP) and Aging Advisory Council.
QUESTIONS?
Thank you!