Meeting Schedule Pasquotank County Board of Commissioners Monday, April 15, 2024 Pasquotank County Courthouse  3:00 PM - Utilities Committee Meeting = Commissioners Boardroom 4:00 PM - Finance Committee Meeting = Commissioners Boardroom 6:00 PM = County Commissioners Meeting = Commissioners Boardroom  Commissioner Meeting Agenda Summary  1. 2. 3. 4. 5. 6.  6:00 PM - Call to Order in Community Room Pledge of Allegiance to the American Flag Amendments to the Agenda Public Comments/Public Hearings  Invocation  Old Business:  A. Development Finance Initiative's Proposed Pre-Development Feasibility Assessment Sentara had the groundbreaking ceremony for the new Medical Center in July of 2022. Based on the most recent timeline, the facility will be completed in July of 2025, the move-in process will start in August of 2025, and the New Medical Center is scheduled to open in the fall of 2025. Per the terms of the Lease Buy-out Agreement, the County will gain access of the current Sentara Albemarle Medical When the current SAMC closes, it will negatively impact the Road Street corridor. Private development of the site would help offset the loss and put the property on the tax roll. The site is 74.9 acres, with approximately 35 being developable (upland) and 40 acres of wetlands. There is approximately 3,500 feet of shoreline on the The following are the DFI-F Pre-Development Feasibility Assessment steps (proposal  of the Current Sentara Albemarle Medical Center  Center (SAMC) property by February 1, 2026.  Pasquotank River, and the SAMC building is 338,000 SF.  isa attached):  1. Community Scan and Stakeholder Engagement  2. Parcel Analysis 3. Market Analysis 4. Site Analysis 5. Financial Feasibility Analysis 6. Analyze Public Involvement Options  1    7. Establish Criteria and Framework for Identification and Selection of  Development Partners 8. Solicitation of Development Partners 9. Development Agreement Support The following is the history of this item:  February 24, 2023 Board Retreat - SAMC - Future Use of Property February 23, 2024 Board Retreat Development Finance Initiative (DFI) Director Marcia Perritt and Associate Director Eric Thomas presented on the proposed scope of services for the project and answered questions from the March 18, 2024 Finance Committee Meeting - The County Manager and DFI Staff (Marcia Perritt and Eric Thomas via Zoom) presented on DFI's proposal to conduct a Pre-Development Feasibility Assessment of the Current Sentara Albemarle Medical Center. The Board approved contracting with Development Finance Initiative to conduct a Pre-Development Feasibility April 1, 2024 Board Meeting - DFI Director Marcia Perritt and Associate Director Eric Thomas presented on the proposed scope of services for the Both DFI and Pasquotank County staff agree that moving forward with a very involved, 12-month project that will require multiple related votes in the future, with a split 4-3 vote, is not in the best interest oft the County. Staff recommends approval to contract with Development Finance Initiative to conduct a Pre-Development Feasibility Assessment for $97,500 using unbudgeted Interest for the following  Discussion. Board.  Assessment for $97,500.  project and answered questions from the Board.  reasons:  DFI would provide objective, unbiased recommendations to aid in protecting Maintaining the current SAMC property after it is transferred to the County will be costly (preliminary cost estimate - $439,785 per year). Completing the Pre-Development Feasibility Assessment now, will help reduce the amount of time the County retains ownership of the property and incurs the Through the DFI process, a Development Agreement would be developed to insure the purchaser implements a project that is in the best long-term Should the County opt to retain a Commercial Real Estate Broker to sell the property, there will be no County control over the future use of the property. Ab buyer could convert the property into a use that is not conducive to College of the Albemarle operations or speculatively purchase the property and do The mandatory Upset Bid process for a direct sale of the property would lengthen the time and the cost to maintain the property. The Board could choose to reject all bids if a buyer/purchaser with a questionable reputation was high bidder; however, they could not choose a lower bidder to sell the  the interests of the County.  maintenance cost.  interest oft the Road Street corridor and the County.  nothing waiting for a change in market conditions.  property to (see attached overview of Upset Bid Process).  2    7.  Consent Agenda:  A. Approval of Minutes of April 1, 2024 Commissioner Meeting  B. Approval of Tax Releases and Refunds  The Finance Committee has recommended approval of the following tax releases  and tax refunds: Tax Refunds 1. Megan Nicole Sawyer Solid Waste Fee Releases Owner's Name 1. Eugene Barclift 2. Mary John & Robert Glasper C. Approval of Budget Amendments  County 119.77  City  Reason for Vacant Vacant  Parcel ID# Release 38-B-162 55-A-43  The Finance Committee has recommended approval of the following budget  amendments:  Capital Reserve/General Fund  Increase 021.0700.4981.00 General Fund Increase 021.8200.5960.02 Reserve-Schools: Increase 010.0991.4991.00 Fund Balance Appropriated Increase 010.6600.5980.21 Transfer to Capital Reserve  10,184,494.00 10,184,494.00 10,184,494.00 10,184,494.00  Cooperative Extension  Increase 010.0230.4370.00 State Grants Increase 010.4950.5600.34 SHIIP Grant Increase 010.0230.4370.00 State Grants Increase 010.4325.5500.00 Capital Outlay  2,800.00 2,800.00 68,830.00 68,830.00  Central/911  8. 9.  New Business  County Manager's Reports 10. County Attorney's Reports  11. Internal and External Committee Reports and Proposals  12. Adjournment  3