Title
Consideration of an Infrastructure Agreement with Integrated DNA Technologies in Research Triangle Park
Recommended Action
That the Board of Commissioners:
1. Approves a reimbursement agreement in an amount not to exceed $1,289,593 to Integrated DNA Technologies, Inc. to construct on-site water, sewer and reclaimed water lines to serve facilities to be constructed in Research Triangle Park.
2. Reallocates $644,796.50 of Unallocated On-Site Water and Sewer Funds in the Economic Development element of the County Capital Fund for reimbursement payable to Integrated DNA Technologies, Inc. under the terms of the agreement.