Current Information / Projections Current Information / Projections for Moore Countyfor Moore County

Presented by:Presented by:Tim LeaTim Lea

Moore County CommissionerMoore County CommissionerSeptember 2011September 2011

Overview of PresentationOverview of Presentation

County Financial InformationCounty Financial Information Update on Capital ProjectsUpdate on Capital Projects

Public Safety / Detention CenterPublic Safety / Detention Center Government Administration BuildingGovernment Administration Building Courts FacilityCourts Facility Moore County Public SchoolsMoore County Public Schools

Update on Other ProjectsUpdate on Other Projects Water ProjectsWater Projects Heart of North Carolina MegaSiteHeart of North Carolina MegaSite

County FinancialsCounty Financials

Existing Debt ServiceExisting Debt Service Capital Improvement Projects & Capital Improvement Projects &

Projected CostsProjected Costs Revenues and ExpendituresRevenues and Expenditures Tax Collection RateTax Collection Rate

Existing Debt Service (Annually)Existing Debt Service (Annually)

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

1999

-200

0

2000

-200

1

2001

-200

2

2002

-200

3

2003

-200

4

2004

-200

5

2005

-200

6

2006

-200

7

2007

-200

8

2008

-200

9

2009

-201

0

2010

-201

1

2011

-201

2

2012

-201

3

2013

-201

4

2014

-201

5

2015

-201

6

2016

-201

7

2017

-201

8

2018

-201

9

2019

-202

0

2020

-202

1

2021

-202

2

2022

-202

3

2023

-202

4

2024

-202

5

2025

-202

6

2026

-202

7

2027

-202

8

2028

-202

9

2029

-203

0

2030

-203

1

Principal Interest

*In 2008-09, the County refinanced Moore County Schools debt that shows as a *In 2008-09, the County refinanced Moore County Schools debt that shows as a principal payment for auditing purposes.principal payment for auditing purposes.

General Government Debt General Government Debt on June 30, 2007on 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

MCS GO Debt Series 2003 $ 5,165,216 $ 2,036,086

$ 7,201,303 3-5% $ 6,000,000

MCS GO Debt Series 1998 $ 13,224,000 $ 3,618,892 $ 16,842,892 4.4-5.1% $ 19,000,000

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

DSS Carriage Oak Building Renovations

$ 2,312,667 $ 460,930

$ 2,773,597

4.19-4.25% $ 3,800,000

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, 2007Utilities 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 4.49-5.63% $ 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, 2007Total Debt on June 30, 2007

General Government General Government $47,607,895 $47,607,895

UtilitiesUtilities $ $ 7,906,3067,906,306

TotalTotal $55,514,201$55,514,201

Existing General Government DebtExisting 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

Original Principal

MCS GO Debt Series 2003 $ 4,330,434 $ 1,246,695 $ 5,577,129 3-5% $ 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 DebtExisting 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 4.125-4.5% $ 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 4.49-5.63% $ 5,900,000

Cannon Park Water Tower $ 415,438 $ 65,382 $ 480,821 4.58% $ 850,000

WPCP Revolving Loan*WPCP Revolving Loan* $ 20,000,000 $ 20,000,000 $ 4,007,100 $ 4,007,100 $ 24,007,100 $ 24,007,100 2.22%2.22% $ 20,000,000 $ 20,000,000

EMWD Phase 3*EMWD Phase 3* $ 3,760,000 $ 3,760,000 $ 3,064,088 $ 3,064,088 $ 6,824,088 $ 6,824,088 3.25%3.25% $ 3,760,000 $ 3,760,000

Total Utility Fund Debt $ 43,054,700 $ 20,932,069 $ 63,986,769

*Debt Issued Fiscal Year 2011-2012*Debt Issued Fiscal Year 2011-2012

Total Existing DebtTotal Existing Debt

On June 30, 2011On June 30, 2011 General GovernmentGeneral Government $158,398,276 $158,398,276 Utilities Utilities $ 33,155,582$ 33,155,582 TotalTotal $191,553,858$191,553,858

On August 1, 2011On August 1, 2011 General Government General Government $158,398,276$158,398,276 Utilities*Utilities* $ 63,986,769$ 63,986,769 TotalTotal $222,385,045$222,385,045

*Includes WPCP Upgrade and EMWD Phase 3*Includes WPCP Upgrade and EMWD Phase 3

Debt Service BalancesDebt Service Balances

*Debt Issued Fiscal Year 2011-12*Debt Issued Fiscal Year 2011-12**Debt to be issued at close of project**Debt to be issued at close of project

  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 Service BalancesDebt Service BalancesDebt Service Obligations by Year

$-

$30,000,000

$60,000,000

$90,000,000

$120,000,000

$150,000,000

$180,000,000

$210,000,000

$240,000,000

As of 6

/30/0

0

As of 6

/30/0

1

As of 6

/30/0

2

As of 6

/30/0

3

As of 6

/30/0

4

As of 6

/30/0

5

As of 6

/30/0

6

As of 6

/30/0

7

As of 6

/30/0

8

As of 6

/30/0

9

As of 6

/30/1

0

As of 6

/30/1

1

Current

Estim

ate

Year

Deb

t S

ervi

ce O

bli

gat

ion

Interest

Principal

Debt Balance Comparison Debt Balance Comparison Total DebtTotal Debt

On June 30, 2007On June 30, 2007 $ 55,514,291$ 55,514,291 August, 2011August, 2011 $222,385,045$222,385,045 DifferenceDifference $166,870,754$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 BalanceCapital Reserve Fund Running BalanceDate 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 BalancesCapital Reserve Fund Balances

Governmental Projects - $7,718,586Governmental Projects - $7,718,586 Debt Service - $4,448,783Debt Service - $4,448,783

Includes a $1,800,000 decrease to pay for Includes a $1,800,000 decrease to pay for debt service in FY 2011-12debt service in FY 2011-12

Enterprise Funds - $4,560,524Enterprise Funds - $4,560,524 Includes $1,616,478 increase budgeted in FY Includes $1,616,478 increase budgeted in FY

2011-122011-12

General Fund Revenues General Fund Revenues Budgeted for Fiscal Year 2012Budgeted for Fiscal Year 2012

Taxes, $67,471,191,

79.33%

App FB, $432,355,

0.51%

Transfers, $2,299,000,

2.70%

Grants, $9,790,474,

11.51%Fees,

$4,918,436, 5.78%

Interest, $145,000,

0.17%

Taxes

Interest

Fees

Grants

Transfers

App FB

General Fund Expenditures General Fund Expenditures Budgeted for Fiscal Year 2012Budgeted for Fiscal Year 2012

Education, $38,195,742, 44.91%

General Govt, $6,136,799, 7.21%

Grants, $2,551,581, 3.00%

Cultural, $1,214,380, 1.43%

Human Services, $18,262,538, 21.47%

Environmental / Community

Development, $4,102,697, 4.82%

Public Safety, $10,503,273, 12.35%

Transfers, $167,246, 0.20%

Debt Service - County, $3,922,200, 4.61%

General Govt

Public Safety

Environmental /Community Development

Human Services

Cultural

Education

Debt Service - County

Grants

Transfers

Total ExpendituresTotal ExpendituresMoore County Expenditures

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11*

2011

-12*

*

Other Funds

Enterprise Funds

General Fund

Includes all expenses, including internal service funds, where the County was its own customer.Includes all expenses, including internal service funds, where the County was its own customer.*Estimated*Estimated**Budgeted**Budgeted

TAX VALUE AND COLLECTION DATATAX VALUE AND COLLECTION DATAYEAR

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

INITIAL VALUE

$4,883,710,385

$5,059,453,701

$5,306,291,819

$5,584,765,367

$7,621,293,650

$7,779,578,744

$8,180,884,836

$8,524,636,576

$11,188,555,482

$11,473,833,391

$11,668,028,506

$11,696,128,000

$11,852,093,247

COUNTY GENERAL COLLECTED

$23,810,243

$26,997,890

$28,690,476

$30,225,195

$36,018,760

$36,892,447

$37,025,099

$38,442,260

$49,573,897

$54,564,249

$53,938,563

$54,236,496

$53,423,438 Projected for 6/30/12

RATE/$100

0.49

0.53

0.545

0.545

0.475

0.475

0.455

0.455

0.445

0.479

0.465

.465

.465

TAX VALUE AND ADVANCED LIFE TAX VALUE AND ADVANCED LIFE SUPPORT (ALS) COLLECTION DATASUPPORT (ALS) COLLECTION DATA

YEAR

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

INITIAL VALUE

$4,883,710,385

$5,059,453,701

$5,306,291,819

$5,584,765,367

$7,621,293,650

$7,779,578,744

$8,180,884,836

$8,524,636,576

$11,188,555,482

$11,421,020,996

$11,668,028,506

$11,696,128,000

$11,852,093,247

ALS COLLECTED

$2,428,325

$2,555,974

$2,633,835

$2,768,613

$3,039,999

$3,103,273

$3,246,937

$3,376,115

$3,367,067

$2,867,348

$2,333,975

$2,202,481

$2,297,780 Projected 6/30/12

RATE/$100

0.05

0.05

0.05

0.05

0.04

0.04

0.04

0.04

0.03

0.025

0.02

0.02

0.02

TAX VALUE AND FIRE COLLECTION DATATAX VALUE AND FIRE COLLECTION DATAYEAR

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

INITIAL VALUE

$4,883,710,385

$5,059,453,701

$5,306,291,819

$5,584,765,367

$7,621,293,650

$7,779,578,744

$8,180,884,836

$8,524,636,576

$11,188,555,482

$11,421,020,996

$11,668,028,506

$11,690,128,000

$11,852,093,247

FIRE DISTRICT COLLECTED

$1,879,665

$1,960,374

$2,049,473

$2,204,028

$2,336,556

$2,363,852

$2,571,182

$2,736,384

$3,367,531

$3,467,176

$3,393,104

$2,865,223

$3,128,294 Projected 6/30/12

FIRE DISTRICT TAX VALUE AND COLLECTION DATAFIRE DISTRICT TAX VALUE AND COLLECTION DATADISTRICT

ABERDEEN

CARTHAGE

CRAINS CRK

CRESTLINE

CYPRESS POINTE

EAGLE SPRGS

EASTWOOD

HIGHFALLS

PINEBLUFF

PINEHURST

ROBBINS

7 LAKES

S. PINES

WEST END

WESTMOORE

WHISPERING PINES

PROJECTED COLLECTIONS

$46,774

$232,632

$112,495

$74,457

$609,126

$163,671

$146,843

$98,523

$174,892

$144,795

$156,825

$259,213

$466,816

$246,582

$122,313

$72,340

INITIAL VALUE

$51,060,000

$352,500,000

$102,890,000

$88,930,000

$782,787,000

$213,030,000

$212,970,000

$151,550,000

$199,500,000

$175,000,000

$261,005,000

$657,900,000

$532,500,000

$424,300,000

$174,895,000

$126,623,000

RATE

.093

.067

.111

.085

.079

.078

.070

.066

.089

.084

.061

.040

.089

.059

.071

.058

TOTAL: $3,128,294

TAX VALUE AND COLLECTION DATATAX VALUE AND COLLECTION DATAIMPACT OF REVALUATION ON VALUES

2002

2003

YEAR REAL VALUE % INC TOTAL VALUE % INC

$4,509,241,865

$6,568,126,065

$5,584,765,367

$7,621,293,65045.6% 36.4%

2006

2007

$7,320,824,701

$9,963,358,595

$8,524,636,576

$11,188,555,48236.1% 31.2%

ESTIMATED PROJECTIONS FOR 2011 - 2012

TOTAL VALUE

$11,852,093,247

TOTAL REVENUE PROJECTION

$53,423,438

RATE

0.465/$100

Tax Collection RateTax Collection Rate

Collection Rate

96.50%

97.00%

97.50%

98.00%

98.50%

99.00%

99.50%

100.00%

1988-1989

1990-1991

1992-1993

1994-1995

1996-1997

1998-1999

2000-2001

2002-2003

2004-2005

2006-2007

2008-2009

2010-2011

Moore County Moore County Tax Rate ComparisonTax Rate Comparison

Tax Rate

$-

$0.100

$0.200

$0.300

$0.400

$0.500

$0.600

Fiscal Year

Tax Rate InformationTax Rate Information

Value of 1 penny on the tax rate is Value of 1 penny on the tax rate is estimated to be $1,148,891 estimated to be $1,148,891

This is based on the value, collection rate, This is based on the value, collection rate, discount offered and taken, and interest discount offered and taken, and interest for late payment for late payment

79 of the 100 NC counties have a higher 79 of the 100 NC counties have a higher tax rate than Moore Countytax rate than Moore County

Tax Rate Comparison Tax Rate Comparison Surrounding Counties Surrounding Counties

$0.000

$0.200

$0.400

$0.600

$0.800

$1.000

$1.200

Tax Rate Comparison Tax Rate Comparison Surrounding Counties Surrounding Counties

County Tax Rate Total Value

Scotland $0.9900 $1,997,342,057

Cumberland $0.7400 $21,334,340,980

Richmond $0.8100 $2,950,861,321

Lee $0.7500 $4,700,000,000

Harnett $0.7250 $7,204,708,437

Hoke $0.7300 $2,719,327,527

Montgomery $0.6700 $2,292,620,620

Chatham $0.6219 $8,800,000,000

Randolph $0.5860 $10,100,000,000

Moore $0.4650 $11,852,093,247

Capital Projects Under Capital Projects Under ConsiderationConsideration

Current Public Safety / Detention Center

July 21, 2010 Bid Opening $27,224,000 (D.H. Griffin Construction)

Limited Obligation Bond Financing 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 Government Administration BuildingBuilding

5/17/10 – Board voted to not place this 5/17/10 – Board voted to not place this building on the Grimm propertybuilding on the Grimm property

5/17/10 – Board voted to not bid the 5/17/10 – Board voted to not bid the government building at this timegovernment building at this time

Latest Cost Estimate - $11,730,228Latest Cost Estimate - $11,730,228

Includes Includes $497,700$497,700 of design fees already paid of design fees already paid Does not include site workDoes not include site work

Courts FacilityCourts Facility

3/15/10 - Received a comprehensive 3/15/10 - Received a comprehensive space needs assessment from Solutions space needs assessment from Solutions for Local Governmentfor Local Government Estimated Construction Cost: $21,886,200Estimated Construction Cost: $21,886,200

• 116,700 gross square feet and 150 parking spots116,700 gross square feet and 150 parking spots

Other Future Major Capital Other Future Major Capital RequestsRequests

Moore County SchoolsMoore County Schools Modernization Projects Modernization Projects $14,800,000$14,800,000 New High School - New High School - 35,000,000 35,000,000 New Middle School - New Middle School - 18,000,000 18,000,000 2 New Elementary Schools – 2 New Elementary Schools – 26,000,000 26,000,000 Elementary Addition - Elementary Addition - 4,000,000 4,000,000 West End Elementary Sewer - West End Elementary Sewer - 2,000,0002,000,000TotalTotal $99,800,000$99,800,000

The preceding information is listed in the The preceding information is listed in the County’s future Capital Improvement Project County’s future Capital Improvement Project (CIP) and is not approved or funded(CIP) and is not approved or funded

Current Water System Capital Current Water System Capital Improvement ProjectsImprovement Projects

Radio Read MetersRadio Read Meters 1,288,0001,288,000

SCADA Upgrades SCADA Upgrades 163,000163,000

2 New Wells in Pinehurst (3A, 6A)2 New Wells in Pinehurst (3A, 6A) 370,700 370,700 East Moore Water District Phase 3 3,871,816East Moore Water District Phase 3 3,871,816

____________________________________________________________________________________________________

TOTAL TOTAL $5,693,516$5,693,516

Current Sewer System Capital Current Sewer System Capital Improvement ProjectsImprovement Projects

Old Town Sewer Rehab $5,450,000Old Town Sewer Rehab $5,450,000 2 Lift Station Permanent Generators 185,0002 Lift Station Permanent Generators 185,000 ATEX Sewer Line and Lift StationATEX Sewer Line and Lift Station 525,390 525,390 Vass (Little River Regional Lift Station) 2,274,898Vass (Little River Regional Lift Station) 2,274,898____________________________________________________________________________________________________

TOTALTOTAL $8,435,288$8,435,288

Addor Water Pollution Addor Water Pollution Control Plant ExpansionControl Plant Expansion

Adds an additional 3.3 million gallons per day Adds an additional 3.3 million gallons per day (mgd) capacity for a total capacity of 10 mgd(mgd) capacity for a total capacity of 10 mgd

Rehabilitates and modernizes the existing facility Rehabilitates and modernizes the existing facility Construction contract awarded July 19Construction contract awarded July 19 Current Budget – $25,442,000Current Budget – $25,442,000

$4,560,524 available in Capital Reserves$4,560,524 available in Capital Reserves $1.1 million in design costs already paid$1.1 million in design costs already paid $20 million planned loan at a 2.22% interest$20 million planned loan at a 2.22% interest

Current Purchase Water Current Purchase Water CapacitiesCapacities

Southern Pines Southern Pines 1,000,000 GPD1,000,000 GPD Aberdeen Aberdeen 600,000 GPD 600,000 GPD Chatham Chatham 300,000 GPD 300,000 GPD Harnett Harnett 2,000,000 GPD2,000,000 GPD

Current pipe capacity isCurrent pipe capacity is 1,120,0001,120,000 GPDGPD Robbins Robbins 100,000 GPD 100,000 GPD __________________________Total Current Water Cap. 4,000,000 GPDTotal Current Water Cap. 4,000,000 GPD

Additional Water Purchase Contracts Additional Water Purchase Contracts Under ConsiderationUnder Consideration

Chatham CountyChatham County Harnett County Harnett County Lee CountyLee County Montgomery CountyMontgomery County Randolph County (Asheboro)Randolph County (Asheboro) RobbinsRobbins Scotland County (Laurinburg)Scotland County (Laurinburg)

Existing Water SourcesExisting Water SourcesSourceSource Flow (MGD)Flow (MGD) NoteNote

Harnett CountyHarnett County 2.0002.000 They are expanding their plantThey are expanding their plant

Pinehurst WellsPinehurst Wells 3.3543.354 Running 24 hours per dayRunning 24 hours per day

Southern PinesSouthern Pines 1.0001.000 Hydraulically limited now, but with Hydraulically limited now, but with Midland Road waterline will be able Midland Road waterline will be able to meetto meet

AberdeenAberdeen 0.6000.600 Hydraulically can provide 1.0 MGDHydraulically can provide 1.0 MGD

Seven Lakes WellsSeven Lakes Wells 0.1200.120 Running 24 hours per dayRunning 24 hours per day

SubtotalSubtotal 7.0747.074

Existing Water SourcesExisting Water Sources

SourceSource Flow (MGD)Flow (MGD) NoteNote

RobbinsRobbins 0.050.05 Robbins purchases from Robbins purchases from Montgomery CountyMontgomery County

Chatham CountyChatham County 0.0250.025 Purchased from Siler CityPurchased from Siler City

TotalTotal 7.1497.149

Existing Population & Existing Population & Average Day Water DemandAverage Day Water Demand

PopulationPopulation Water Water ConnectionsConnections

Average Day Average Day Demand (MGD)Demand (MGD)

EMWD EMWD

(Phases 1 & 2)(Phases 1 & 2)

3,2483,248 1,3661,366 0.2370.237

VassVass 834834 432432 0.0880.088

Hyland Hyland Hills/NiagaraHills/Niagara

335335 129129 0.0270.027

PinehurstPinehurst 14,00014,000 7,6697,669 1.81.8

Seven LakesSeven Lakes 6,3656,365 2,5402,540 0.430.43

SubtotalSubtotal 24,78224,782 12,13612,136 2.5822.582

Existing Population & Existing Population & Average Day Water DemandAverage Day Water Demand

PopulationPopulation Water Water ConnectionsConnections

Average Day Average Day DemandDemand

MCPU RobbinsMCPU Robbins 5656 2020 0.0090.009

High FallsHigh Falls 1111 44 0.0030.003

The CarolinaThe Carolina 2525 99 0.0080.008

AddorAddor 116116 4747 0.0250.025

TotalTotal 24,99024,990 12,21612,216 2.6272.627

Maximum Day Water DemandMaximum Day Water Demand

Maximum Day Demand Maximum Day Demand (MGD)(MGD)

EMWDEMWD 0.3080.308

VassVass 0.1140.114

Hyland Hills/NiagaraHyland Hills/Niagara 0.0350.035

PinehurstPinehurst 3.9543.954

Seven LakesSeven Lakes 0.8810.881

SubtotalSubtotal 5.2925.292

Max day demand is approximately two times average day demand.

Maximum Day Water DemandMaximum Day Water Demand

Maximum Day DemandMaximum Day Demand

(MGD)(MGD)

MCPU RobbinsMCPU Robbins 0.0120.012

High FallsHigh Falls 0.0040.004

The CarolinaThe Carolina 0.0110.011

AddorAddor 0.0330.033

TotalTotal 5.3525.352

Heart of North Carolina Heart of North Carolina MegaParkMegaPark

A joint Project of Moore and A joint Project of Moore and Montgomery CountiesMontgomery Counties

Heart of NC MegaParkHeart of NC MegaParkVisionVision

Long-term regional economic impactLong-term regional economic impact Strategic central locationStrategic central location Large land tractLarge land tract Landowners’ supportLandowners’ support Joint collaboration between countiesJoint collaboration between counties Eco-friendly developmentEco-friendly development Quality of life amenitiesQuality of life amenities

Heart of NC MegaParkHeart of NC MegaParkRegional Economic ImpactRegional Economic Impact

60 Minute Drive Time60 Minute Drive Time 2010 Population – 2010 Population –

646,251646,251 2010 Civilian Labor 2010 Civilian Labor

Force – 317,875Force – 317,875

Source: Site to Do Business, Source: Site to Do Business, www.stdbonline.comwww.stdbonline.com

Heart of NC MegaParkHeart of NC MegaPark Strategic Central LocationStrategic Central Location

Easy access to East Coast markets

Geographic Center of North Carolina

Heart of NC MegaParkHeart of NC MegaParkDistances to Selected CitiesDistances to Selected Cities

Charlotte

Winston-Salem

Rockingham

Greensboro

Raleigh

Fayetteville

Pinehurst/Southern Pines

Heart of NC MegaParkHeart of NC MegaParkMooreMontgomery

US

220

NC 24/27

NC 24/27

US

220

Montgomery Moore

Heart of NC MegaParkHeart of NC MegaParkAccessAccess

Highways (Truck Travel Highways (Truck Travel Time) Time)

Greensboro = 50 min. Greensboro = 50 min. Port of Charleston = 4 hrs.Port of Charleston = 4 hrs. Raleigh = 90 min. Raleigh = 90 min. Port of Morehead City = 4 Port of Morehead City = 4

hrs.hrs. Charlotte = 90 min.Charlotte = 90 min. Norfolk VA Port = 4 hrs. 50 Norfolk VA Port = 4 hrs. 50

min.min. Fayetteville = 90 min.Fayetteville = 90 min. Atlanta = 5 ½ hrs.Atlanta = 5 ½ hrs. Port of Wilmington = 3 hrs.Port of Wilmington = 3 hrs.

Rail - Aberdeen Carolina Rail - Aberdeen Carolina and Western Railwayand Western Railway

Connects to CSX and Connects to CSX and Norfolk SouthernNorfolk Southern

Airports Airports Montgomery County Montgomery County

Airport = 3 milesAirport = 3 miles Moore County Airport = Moore County Airport =

33 miles33 miles Piedmont Triad Piedmont Triad

International = 55 milesInternational = 55 miles Raleigh Durham Raleigh Durham

International = 88 milesInternational = 88 miles Charlotte Douglas Charlotte Douglas

International = 80 milesInternational = 80 miles

Heart of NC MegaParkHeart of NC MegaParkLarge Land TrackLarge Land Track

Over 3,000 acres with some frontage on Over 3,000 acres with some frontage on Interstate 73/74Interstate 73/74

Utilities:Utilities: Electricity - Progress Energy and Randolph EMCElectricity - Progress Energy and Randolph EMC Water - Montgomery CountyWater - Montgomery County Sewer - Town of Biscoe or on-site systemSewer - Town of Biscoe or on-site system Natural Gas - access within a 20-25 mile radiusNatural Gas - access within a 20-25 mile radius

Other Amenities:Other Amenities: Fiber Optics - CenturyLinkFiber Optics - CenturyLink HUBZone compliantHUBZone compliant Air Quality- Attainment areaAir Quality- Attainment area

Heart of NC MegaParkHeart of NC MegaParkIncentivesIncentives

Tier 1 = Maximum state incentivesTier 1 = Maximum state incentives Tier 1 status applies to entire siteTier 1 status applies to entire site $12,500 tax credit per new job$12,500 tax credit per new job 7% tax credit for investment in personal 7% tax credit for investment in personal

propertyproperty

Heart of NC MegaParkHeart of NC MegaParkEco-Friendly DevelopmentEco-Friendly Development

Green & sustainableGreen & sustainable Protect wetlands & wildlife habitatsProtect wetlands & wildlife habitats Preserve natural aestheticsPreserve natural aesthetics Restrictive covenantsRestrictive covenants Target industries supporting environmental Target industries supporting environmental

sustainabilitysustainability

Heart of NC MegaParkHeart of NC MegaParkQuality of Life AmenitiesQuality of Life Amenities

Pinehurst/Southern Pines lifestylePinehurst/Southern Pines lifestyle Uwharrie National ForestUwharrie National Forest Lake Tillery & Badin LakeLake Tillery & Badin Lake North Carolina ZooNorth Carolina Zoo HealthcareHealthcare Community CollegesCommunity Colleges

Heart of NC MegaParkHeart of NC MegaParkMoore County’s InvolvementMoore County’s Involvement

8/16/10 – Board approved resolution of 8/16/10 – Board approved resolution of support for an industrial mega site project support for an industrial mega site project in collaboration with Montgomery County in collaboration with Montgomery County Economic Development Corporation and Economic Development Corporation and the Montgomery County Board of the Montgomery County Board of CommissionersCommissioners

Major property owners providing seed Major property owners providing seed money – no County dollars involvedmoney – no County dollars involved

Heart of NC MegaParkHeart of NC MegaParkSeed FundingSeed Funding

Landowners:Landowners: Jordan Lumber CompanyJordan Lumber Company $ $ 3,000 3,000 Bobby MyrickBobby Myrick 3,000 3,000 Gus ShadGus Shad 1,000 1,000

Progress EnergyProgress Energy 5,000 5,000 Randolph ElectricRandolph Electric 7,500 7,500 NC Electric Membership Corp.NC Electric Membership Corp. 7,500 7,500 Moore County Partners in Progress 50,000Moore County Partners in Progress 50,000 Montgomery County EDCMontgomery County EDC 50,000 50,000 First BankFirst Bank 150,000150,000

Total Income as of 09/07/2011 $277,000Total Income as of 09/07/2011 $277,000

Heart of NC MegaParkHeart of NC MegaParkJoint County CollaborationJoint County Collaboration

Resolution of SupportResolution of Support Moore CountyMoore County Montgomery CountyMontgomery County

BoardBoard of Directors of Directors Composed of members from both countiesComposed of members from both counties

Heart of NC MegaParkHeart of NC MegaParkBoard Members Board Members

Tim Lea – Chairman (Moore Tim Lea – Chairman (Moore County Commissioner)County Commissioner)

Jim Matheny – Vice Chair Jim Matheny – Vice Chair (Montgomery Co. Commissioner)(Montgomery Co. Commissioner)

Lance Metzler – Secretary Lance Metzler – Secretary (Montgomery Co. Manager)(Montgomery Co. Manager)

Cary McSwain – Treasurer Cary McSwain – Treasurer (Moore Co. Manager)(Moore Co. Manager)

Ray Ogden / Pat Corso – Co-Ray Ogden / Pat Corso – Co-Executive Director (Moore Co. Executive Director (Moore Co. Economic Developer)Economic Developer)

Judy Stevens – Co-Executive Judy Stevens – Co-Executive Director (Montgomery Co. Director (Montgomery Co. Economic Developer)Economic Developer)

Bob Jordan – Principal Bob Jordan – Principal Landowner (Jordan Lumber Co.)Landowner (Jordan Lumber Co.)

Jay Carter, CEO – Dr. J.H. Carter Jay Carter, CEO – Dr. J.H. Carter III & Associates, Inc.III & Associates, Inc.

Chuck Frock, President/CEO - Chuck Frock, President/CEO - FirstHealth of the Carolinas FirstHealth of the Carolinas

John May, Partner - Robbins John May, Partner - Robbins May & Rich LLPMay & Rich LLP

Rob Menzies, Pres. - Aberdeen Rob Menzies, Pres. - Aberdeen Carolina & Western RRCarolina & Western RR

Jerry Ocheltree, President/CEO Jerry Ocheltree, President/CEO - First Bank- First Bank

Randy Brodd, Reg. Mgr. – Dixon Randy Brodd, Reg. Mgr. – Dixon Hughes Goodman LLPHughes Goodman LLP

Ginger Booker (Ex Officio), Ginger Booker (Ex Officio), Interim Executive Director - Interim Executive Director - Piedmont Triad Council of Piedmont Triad Council of GovernmentsGovernments

Kirby Bowers (Ex Officio), Kirby Bowers (Ex Officio), Executive Director - Triangle J Executive Director - Triangle J Council of GovernmentsCouncil of Governments

Heart of NC MegaParkHeart of NC MegaParkInfrastructure Subcommittee MembersInfrastructure Subcommittee Members

Jim Matheny – Subcommittee Jim Matheny – Subcommittee ChairChair

Tim LeaTim Lea Lance MetzlerLance Metzler Cary McSwainCary McSwain Ray Ogden / Pat Corso Ray Ogden / Pat Corso Judy StevensJudy Stevens Water & SewerWater & Sewer

Brant Sikes – Montgomery Brant Sikes – Montgomery County Public WorksCounty Public Works

Brooks Lockhart – Town of Brooks Lockhart – Town of BiscoeBiscoe

Fred Hobbs & Bill Lester – Fred Hobbs & Bill Lester – Hobbs Upchurch & Assoc.Hobbs Upchurch & Assoc.

Tim Lowder & Bob Tim Lowder & Bob Froneberger – W.K. Dickson Froneberger – W.K. Dickson & Co.& Co.

EnvironmentalEnvironmental Jay Carter Jay Carter - Dr. J.H. Carter III - Dr. J.H. Carter III

& Associates& Associates PowerPower

David McNeill – Progress David McNeill – Progress EnergyEnergy

Natural GasNatural Gas Bob McCune – Piedmont Bob McCune – Piedmont

Natural GasNatural Gas RoadsRoads

Travis Morgan – NC Travis Morgan – NC Department of Transportation Department of Transportation

RailRail Russ Smitley – Aberdeen Russ Smitley – Aberdeen

Carolina & Western RailwayCarolina & Western Railway TelecommunicationsTelecommunications

Ken Topper – CenturyLinkKen Topper – CenturyLink

Heart of NC MegaParkHeart of NC MegaParkOther Potential PartnersOther Potential Partners

Randolph CountyRandolph County Three County Project PotentialThree County Project Potential

AsheboroAsheboro Water ProviderWater Provider

Grant Opportunities:Grant Opportunities: NC Rural Center Economic Innovations GrantNC Rural Center Economic Innovations Grant Golden Leaf FoundationGolden Leaf Foundation USDA Rural Economic Development Loan and GrantUSDA Rural Economic Development Loan and Grant Economic Development AdministrationEconomic Development Administration Community Development Block GrantCommunity Development Block Grant

Heart of NC MegaParkHeart of NC MegaParkFunding InitiativesFunding Initiatives

Landowners’ supportLandowners’ support Randolph EMC / NC Electric CooperativesRandolph EMC / NC Electric Cooperatives Progress EnergyProgress Energy Rural Center Economic Innovations GrantRural Center Economic Innovations Grant Golden LEAF FoundationGolden LEAF Foundation USDA REDLG ProgramsUSDA REDLG Programs Rural Center Economic Infrastructure GrantRural Center Economic Infrastructure Grant Economic Development AdministrationEconomic Development Administration NCDOC: Community Block Development Grant & NCDOC: Community Block Development Grant &

Industrial Development FundIndustrial Development Fund

Heart of NC MegaParkHeart of NC MegaParkCurrent StatusCurrent Status

Resolution of Support from both counties - Resolution of Support from both counties - CompletedCompleted Form Board of Directors - Form Board of Directors - CompletedCompleted Establish new 501(c)(3) nonprofit corporation – Establish new 501(c)(3) nonprofit corporation – CompletedCompleted Develop Letters of Intent with landowners – Develop Letters of Intent with landowners – Underway Underway Execute Interlocal Agreement between counties – Execute Interlocal Agreement between counties – To doTo do Develop Master Plan for entire site - Develop Master Plan for entire site - To doTo do

Infrastructure Plan – Infrastructure Plan – Committee formed Committee formed Establish NC DOC Site Certification – Establish NC DOC Site Certification – Under Under

considerationconsideration

Develop Marketing Strategy - Develop Marketing Strategy - To doTo do

Robert Timothy “Tim” LeaRobert Timothy “Tim” LeaBiographyBiography

Resides in District IVResides in District IV Represents all Moore County ResidentsRepresents all Moore County Residents Elected: November 2004Elected: November 2004 Reelected: November 2008Reelected: November 2008 Sworn in: December 2008 (second term)Sworn in: December 2008 (second term) Term Expiration: December 2012Term Expiration: December 2012 Contact Information:Contact Information:

Mail: P.O. Box 1233, Pinehurst, NC 28370Mail: P.O. Box 1233, Pinehurst, NC 28370 Phone: (910) 295-2965Phone: (910) 295-2965 Email: timlea51@gmail.com Email: timlea51@gmail.com

Robert Timothy “Tim” LeaRobert Timothy “Tim” LeaBiographyBiography

Serving second term on the Moore County Board of CommissionersServing second term on the Moore County Board of Commissioners Tim served as Chairman from December 2009 through November 2010Tim served as Chairman from December 2009 through November 2010

Native of Moore County, a product of the Moore County Schools, a Native of Moore County, a product of the Moore County Schools, a graduate of Sandhills Community College and attended East graduate of Sandhills Community College and attended East Carolina University. Carolina University.

Founder, Chairman and CEO of Healthcare Systems Consulting, Founder, Chairman and CEO of Healthcare Systems Consulting, Inc. He has had a wide range of business experience and believes Inc. He has had a wide range of business experience and believes in managing by consensus building. in managing by consensus building.

Served his country as a United States Marine and was honorably Served his country as a United States Marine and was honorably discharged. discharged.

He and his wife, Laine, have two children, a son Blake and daughter 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 Brittany. They live on the farm where Tim grew up and raise Black Angus Cattle. Angus Cattle.

Members of the Culdee Presbyterian Church in Eastwood where he Members of the Culdee Presbyterian Church in Eastwood where he has served as President of the Men’s Club, Deacon, Chairman of has served as President of the Men’s Club, Deacon, Chairman of the Pulpit Nominating Committee and Elder. the Pulpit Nominating Committee and Elder.

Robert Timothy “Tim” LeaRobert Timothy “Tim” LeaBiographyBiography

Extensively involved in local community service projects and civic Extensively involved in local community service projects and civic organizations since 1993 and has served in many leadership organizations since 1993 and has served in many leadership capacities including capacities including

Chairman of the Moore County Planning BoardChairman of the Moore County Planning Board Chairman of the County Land Use Plan Steering CommitteeChairman of the County Land Use Plan Steering Committee Chairman of the Moore County Schools Community Superintendent Chairman of the Moore County Schools Community Superintendent

Search CommitteeSearch Committee President of The Public Education Foundation of Moore County, Inc.President of The Public Education Foundation of Moore County, Inc. Co-chairman of the Moore County Schools Community Technology Co-chairman of the Moore County Schools Community Technology

CommitteeCommittee Vice Chairman of the Sandhills Community College Board of Trustees. Vice Chairman of the Sandhills Community College Board of Trustees. Member of the Sandhills Community College Foundation Board of Member of the Sandhills Community College Foundation Board of

DirectorsDirectors Member of the North Carolina Association of Community College Member of the North Carolina Association of Community College

Trustees Executive BoardTrustees Executive Board Member of the Moore County Board of Health Member of the Moore County Board of Health Member of the Moore County Chamber of Commerce Member of the Moore County Chamber of Commerce

Robert Timothy “Tim” LeaRobert Timothy “Tim” LeaBiographyBiography

In his capacity as County Commissioner, Tim In his capacity as County Commissioner, Tim Lea currently serves as: Lea currently serves as: Secretary/Treasurer of the Triangle J Council of Secretary/Treasurer of the Triangle J Council of

Governments BoardGovernments Board Chairman of the Heart of North Carolina MegaPark Chairman of the Heart of North Carolina MegaPark

Board. Board. Member of the Research Triangle Regional Member of the Research Triangle Regional

Partnership BoardPartnership Board Member of the Moore County Partners in Progress Member of the Moore County Partners in Progress

Executive BoardExecutive Board Member of Retired Seniors Volunteer Program Member of Retired Seniors Volunteer Program

(RSVP) and Aging Advisory Council. (RSVP) and Aging Advisory Council.

QUESTIONS?QUESTIONS?

Thank you!Thank you!