The Economic Recruitment and Development Committee of Spartanburg County Council met on April 16, 2001, in Conference Room Two of the County Administrative Office Building. The following were in attendance: Honorable David Britt, Chairman; Honorable Frank Nutt, Committee member; along with the Honorables Karen Floyd, Johnnye Code Stewart, Jeff Horton, and Rock Adams, Council Members. Also in attendance were Mr. James K. Hartmann, County Administrator; Mr. Bill Dennis, Deputy County Administrator; Mr. Glenn Breed, Assistant County Administrator; Mr. Chris Story, Assistant County Administrator; Billy Smith, Assistant County Attorney, and Mr. Roy McBee Smith, County Attorney.

In compliance with the Freedom of Information Act, notice of this meeting was provided in advance to local news media and other interested parties.

1. Chairman Britt called the meeting to order.

1. Mr. Eric Shytle, Haynsworth Sinkler Boyd, P.A., appeared representing INA in reference to a resolution authorizing the execution and delivery of an inducement agreement and millage rate agreement by and between Spartanburg County and INA USA Corporation whereby under certain conditions Spartanburg County will make provisions for a fee in lieu of property taxes for an industrial facility to be acquired and constructed by INA USA Corporation. INA has a facility in Spartanburg now. They are adding 36,000 square feet at a cost of $5 million and another approximate $5 million over the next five years to total ten to fifteen million. The purpose of the facility will be to manufacture linear round shafts. There would be 31 new employees added. They would manufacture ball bearing products on New Cut Road. Motion made by Mr. Nutt to approve. Motion seconded by Mr. Britt and carried.
2. Mr. Ray Jones, Parker, Poe, Adams & Bernstein L.L.P., appeared in reference to a resolution in support of the issuance by the South Carolina Jobs-Economic Development Authority of its revenue notes (Provident Group-Windsor House West, LLC Project) Series 2001, pursuant to the provisions of Title 41, Chapter 43, of the Code of Laws of South Carolina, 1976, as amended, in the aggregate principal amount of not exceeding $8,000,000. This is going to be a JEDA financing. JEDA requires a resolution in support before it does this type of financing. The nature of the financing will be an $8,000,000 revenue note JEDA will issue. There will be no liability to the county for this bond issue nor will the county have any responsibility to pay the bonds back. This is the purchase of an existing facility. Motion made to approve by Mr. Nutt. Motion seconded by Mr. Britt and carried.
3. Mr. Chris Story gave update in reference to a resolution designating certain parcels for inclusion in the Spartanburg County/Union County Joint County Industrial and Business Park located in the City of Spartanburg, South Carolina, in accordance with Spartanburg County Ordinance No. 673 and the Intergovernmental Agreement, authorized by that ordinance, between the City of Spartanburg and the County of Spartanburg, South Carolina; and other matters related thereto. In 1998, we assisted the city in forming a multi-county industrial park to provide incentive for the redevelopment of underutilized commercial properties along our corridors in the City of Spartanburg. In order for individual parcels that have been improved to be included in the park, it requires a Council Resolution. The three properties are the old library site at 333 South Pine Street, the former day care center recently renovated into Horizon Hematology-Oncology at 1455 East Main Street, and the old Community Cash at 1310 South Union Street. Renovation is complete on all three. Motion made by Mr. Nutt to approve. Motion seconded by Mr. Britt and carried.
4. Mr. Wes Crum appeared representing ZF Lemforder in reference to an inducement agreement made and entered into by and between Spartanburg County, South Carolina, a body politic and corporate and a political subdivision of the State of South Carolina (the "County"), and ZF Lemforder Corporation (the "Company"), a corporation organized and existing under the laws of the State of Delaware. ZF Lemforder is an existing company located out on Highway 290 involved in the automotive industry. They are a supplier to BMW and several other companies. They have been in the expansion stage for some time. This is a minimum of $15,000,000 expansion going forward. They have around 300 employees. This expansion would result in approximately 35 to 40 additional employees. Motion made by Mr. Nutt to approve request. Motion seconded by Mr. Britt and carried.

Meeting adjourned.