2009 - 11-02-09 Regular Meeting - Laserfiche WebLink

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boox 23 Pact 124 1. Bob Heuts, spoke on behalf of the Lee County Economic Development Corporation 2. Keith Clark, 233 Chris Cole Road, Sanford No one present spoke in opposition to the proposed project. Chairman Hayes closed the public hearing. Economic Development Director Bob Heuts presented information pertaining to the second economic development project with Frontier Spinning, LLC and asked that Lee County participate in the cost of an economic development project with the Lee County Economic Development Corporation, which consists of the cost of construction of additional space and new machinery at the Frontier Spinning, LLC manufacturing plant. The Commissioners were asked to consider a grant sharing up to $144,975.00 of the cost of the project with revenues from the Lee County General Fund to be paid out over 5-years based on the value of the project to the County. Chairman Hayes opened the public hearing for Frontier Spinning, LLC manufacturing as advertised for this date and time. The following spoke in favor of the economic development project: Bob Heuts, spoke on behalf of the Lee County Economic Development Corporation No one present spoke in opposition to the proposed project. Chairman Hayes closed the public hearing. At this time the Board presented a resolution of recognition to Ms. Donna Cummings for her retirement from Lee County Government with 30 years and 6 months of service. Without objection the Chairman declared the resolution duly adopted and presented said resolution, a copy of which is attached to these minutes and by this reference made a part hereof. The Board considered a Proclamation for Farm-City Week. Ms. Katie Heldt, member of the 4-H Barn Busters Club, and Farm-City Week Chairman Larry Long discussed Farm-City Week and presented activities that will be held during Farm-City Week which is November 20-26, 2009. The annual Farm-City Banquet will be held on Monday, November 23, 2009, at the McSwain Education Center. Chairman Hayes moved to approve the proclamation designating November 20-26, 2009 as Farm-City Week, a copy of which is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Hayes, Kelly, Oldham, Paschal, Reives, and Shook Nay: None The Chairman ruled the motion had been adopted unanimously. The Board considered an economic development agreement between Lee County Economic Development Corporation and Red Wolf, LLC manufacturing. A public hearing had been held earlier in the meeting concerning the 5-year $102,491.00 project. Chairman Hayes moved to approve an Agreement Regarding Incentive Funds for Red Wolf LLC and Resolution Authorizing the Expenditure of Funds for an Economic Development Project and Approving an Agreement with the Lee County Economic Development Corporation, copies of which are attached to these minutes and by this reference made a part hereof. Commissioner Shook made a substitute motion to defer consideration on both the Red Wolf and Frontier Spinning agreements until after the November 19, 2009 joint