Tuesday was a very busy day. It started with the job announcement from Xerox that they planned on a $18.4 million investment that included 600 jobs with an average salary of $112,000. I joined council member Smith, the town manager, Director of Economic Development, and several key chamber members at the state capital for the announcement.
About Harold Weinbrecht
Harold Weinbrecht has been Mayor of Cary since 2007. firstname.lastname@example.org
Entries by Harold Weinbrecht
Cary, NC – This was another slow summer week dominated by campaign related activities.
Monday I joined the town manager, the chief financial officer, the deputy town clerk, the bond attorney, and a representative of the bank to sign legal documents for the sale of the last portion of the 2012 General Obligation bonds. The amount was $16,050,000 and will be used to implement promises made in 2012. Since we have the highest bond rating possible our bonds are at the lowest interest rate possible. The interest rates will be almost nothing since it is just barely above inflation.
Monday, I met briefly with the town manager for our weekly one-on-one. We talked about a range of topics that included the mall redevelopment, the hotel occupancy and meal tax, and my trip to New York.
My last meeting on Monday was with the Deputy Town Manager and the Mayor Pro-Tem. We mostly talked about the hotel occupancy and meals tax. Approximately $52 million in hotel/meals (“Hospitality”) tax revenue was generated in Cary from FY 2010 through FY2016, and I estimate we generated another $30 million plus in the last three years to make the ten-year total somewhere north of $80 million. During that ten years, Cary received $21 million in Hospitality Tax revenues.
Monday, I met with the town manager for about half an hour. We talked about a few things including the upcoming election.
Cary, NC – This week was a holiday week so there was not a lot going on.
My final meeting on Monday was with the town manager and the Mayor Pro-Tem. Items discussed included the future Hotel Occupancy and Meals Tax, the Fenton development, the mall redevelopment, and Epic Games. Our meeting concluded after about thirty minutes.
Monday I participated in a meeting of the Wake County Mayors Association. Of the twelve Wake County mayors only three were absent. Those were the mayors of Apex, Raleigh, and Wendell. We were hosted by the mayor of Fuquay Varina with a catered dinner from Garibaldi in their new Performing Arts Center.
Monday started with an attempt to contact council members about Thursday’s agenda. I was able to contact all council members but one. In my one-on-one conversations, council members decided to pull the Weldon Ridge and Weston rezonings from the Consent agenda for discussion.