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t~33 <br />• <br />LEE COUNTY <br />Committed Today for a better- Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />• <br />ITEM ABSTRACT <br />Meeting Date: November 2, 2009 <br />ITEM NO. VI B <br />_ Information <br />Action Item <br />Consent Agenda <br />XX Public Hearing <br />SUBJECT: Public Hearing to Consider Economic Development Project with <br />Frontier Spinning, LLC Manufacturing Company <br />DEPARTMENT: Lee County Economic Development Corporation <br />CONTACT PERSON: Bob Heuts, Economic Development Director <br />REQUEST: Conduct Public Hearing to Consider Frontier Spinning Incentive <br />Request <br />SUMMARY: The Board of Directors for the Lee County Economic Development <br />Corporation is asking the Commissioners to hold a public hearing to <br />consider an economic development project between the Lee County <br />Economic Development Corporation and Frontier Spinning <br />manufacturing. A 5-year, 50% grant sharing up to $144,975.00 will <br />be considered. <br />BUDGET IMPACT: $144,975.00 <br />ATTACHMENT(S): (1) Legal Notice published in the October 22 Sanford Herald <br />PUBLIC HEARING: Yes <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: Conduct public hearing as advertised <br />- <br />u <br />