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1. Regular Consent Agenda (any regular consent agenda item pulled for discussion will be discussed at the end of the old/new business portion of the agenda, which is item H on this agenda)

a. Consideration of approval of the minutes of the regular town council meeting held on October 25, 2007. (Town Council)

ACTION: Mrs. Robison moved to approve the consent agenda, with the exception of item B.3.j., extending benefits to post term council members. Mr. Portman provided the second, and council granted unanimous approval.

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b. Consideration of approval of: an application for $100,000 in funds (grant) from The One North Carolina Fund in connection with the location or expansion of a headquarters facility for Ply Gem Industries, Inc. in Cary; the appropriation of $100,000 to match such grant; and expenditure of such total funds in an economic development grant to Ply Gem Industries, Inc. as an inducement to add additional jobs and otherwise invest in Cary. (The corporate names may not be precisely as shown in the attachments.) Approval of this item includes approval of an appropriation of $100,000 from the General Fund Fund Balance and recognizing $100,000 in grant funding from the NC Department of Commerce, and ratification or approval of the following:

(1) ratification of The One North Carolina Fund Local Government Development Form Application attached hereto as Exhibit A;

(2) acknowledgement of the Terms of the One NC Grant Town of Cary/Ply Gem Prime Holdings, Inc. or Ply Gem Industries, Inc. (with Ply Gem Holdings, Inc. as guarantor) (prepared by the Department of Commerce); attached hereto as Exhibit B;

(3) authorization for the Mayor or Manager to execute a Grant Agreement No 0-2007-0219 between the Town of Cary and the North Carolina Department of Commerce substantially like the grant agreement attached hereto as Exhibit C (prepared by the Department of Commerce);

(4) authorization for the Mayor or Manager to execute a Performance Agreement between the Town of Cary and Ply Gem and Ply Gem Holdings, Inc. as guarantor substantially like the Performance Agreement attached hereto as Exhibit D (prepared by the Department of Commerce);

(5) adoption of a resolution authorizing a Town of Cary incentives agreement with Ply Gem Industries, Inc. (attached hereto as Exhibit E), and approval of and authorization for the Mayor or Manager to execute a contract between the Town of Cary and Ply Gem and Ply Gen Holdings, Inc. as guarantor, substantially like the contract attached hereto as Exhibit F (prepared by the Town of Cary). (Mr. Bill Coleman)