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006 <br />of Broadway. Part of the plan is to gain private investment into the new group. Mr. Crumpton stated <br />that EDC would contract with a firm to assess the possibility of success in the fundraising efforts. The <br />loan will pay for that assessment and also the campaign. The EDC /Chamber will pay the loan back <br />through the fundraising efforts. Commissioner Dalrymple stated that one concern she had heard was <br />why the County was loaning money to an organization that is going out of business. Donnie Oldham, <br />Chairman of the EDC Board stated the current 501 -3C status will stay in place once the two <br />organizations are merged and that repayment terms will be worked out. County Attorney Neil <br />Yarborough stated a Promissory Note had been prepared but didn't quite meet al a needs at this <br />time. He stated the 501 -3C needed to stay in existence as the new organiz n i formed. Mr. <br />Yarborough further stated the Commissioners need a sense as to how the loan a repaid. The loan <br />document will need to be redrafted stipulating several additional items. r. am stated that <br />November 1St was the target date for the loan (if possible). After furthe iscuss Commissioner <br />Reives moved to defer action on the loan to the Economic Development 6orporati til he loan <br />agreement could be revised. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, Parks, Reives, Smit nd Womack <br />Na <br />Absent; Knecht /% <br />The Chairman ruled the motion had been adopted unanimo� <br />Finance Director Lisa Minter presented the Monthly Financial R ort for September 2013. No <br />action was taken. <br />County Manager John Crumpton pre: <br />which is attached to these Minutes and by this <br />r Report for October 2013, a copy of <br />part hereof. <br />Commissioner Dalrymple made a motion t��emove the hiring freeze effective November 1St of <br />current vacant positions. Upon vote, the results w as follows: <br />Aye: �rympl razier, Parks, Reives, Smith, and Womack <br />Absent: Kn <br />The Chairman ruled the read been adopted unanimously. <br />C Dalrymple ryfoved to change the meeting time for the December 2, 2013 regular <br />meeti rom 6 P. P 14 3 p.m. due to the Sanford Christmas parade that is scheduled for 7 p.m. that <br />eve ' Upon a v a results were as follows: <br />ii! ple, Frazier, Parks, Reives, Smith, and Womack <br />None <br />alrym <br />Knecht <br />The Chairman ruled the motion had been adopted unanimously. <br />County Manager John Crumpton reported on a recent bid for the old Jonesboro Library building <br />located at 309 W. Main Street. MacAdell & Associates, Inc. and WXKL 1290 AM Radio made an <br />original offer to purchase the property for $65,000. That offer was advertised in the Sanford Herald on <br />Friday, October 11, 2013. Jonesboro Baptist Church has upset the bid on the property in the amount of <br />$68,300. If the Board accepts this upset bid, the property will be advertised once again in the Sanford <br />5 <br />