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Agenda Package - 11-02-09
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Agenda Package - 11-02-09
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12/21/2009 9:09:57 AM
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12/21/2009 9:04:16 AM
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Agenda
Committee
Board of Commissioners
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034 <br />NOTICE OF'PUBLIC <br />HEARING <br />• <br />Lee County <br />proposes to partici- <br />pate in the cost of an <br />economic develop <br />ment project with.the <br />Lee County Economic <br />Development Corpo- <br />ration, which con- <br />sists of the cost of <br />construction of addi- <br />tional space and the <br />cost of new machi- <br />nery at the Frontier <br />Spinning, LLC mami- <br />faclurvtgplant. The <br />Board of Commis <br />sioners will consider <br />a grant sharing up to <br />$144,975.00 of the cost <br />- of the project with <br />revenues from the. <br />Lee County General <br />Fund to be paid out <br />over 5 years based on <br />the value of the proj- <br />ect to the County. <br />The Board of Com- <br />missioners believes <br />this project will stim- <br />ulate the local econo <br />my, promote business <br />and result fn the crea- <br />tion of jobs in the <br />County <br />A public hearing on <br />the proposed County <br />expenditure for this <br />project will be held <br />on November 2, 2009 <br />at 300 PM or as soon <br />thereafter is said <br />matter can be <br />reached on the agen- <br />da. in the Commis- <br />sioner's Room, Lee <br />County Covernment <br />Center, 10611 i I]crest <br />Drive, Sanford, North <br />Carolina. All inter- <br />ested persons are in- <br />vited to attend and <br />present their views. <br />Gaynetl M. <br />Lee, Clerk <br />Board of <br />Commissioners <br />
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