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ci g <br />LEE 01UNTY M. 9 I v <br />Committed Today for a Better Tomorrow <br />AGENDA ITEM: 11. A. <br />MEETING DATE: July 9, 2007 <br />MEMO TO COMMISSIONERS: <br />I <br />FROM: Gaynell Lee, Clerk to the Board <br />DATE: July 2, 2007 <br />SUBJECT: Public Hearing for Frontier Spinning Manufacturing <br />EXPLANATION: P <br />e A public hearing has been advertised for this date and time to consider the cost of an economic <br />development project with the Lee County Economic Development Corporation, which consists <br />of the cost of construction of additional space and the cost of new machinery for the Frontier <br />Spinning, LLC manufacturing company. I' <br />The Board is asked to consider sharing up to $325,710.00 of the cost of the project with <br />revenues from the Lee County General Fund. <br />i <br />RECOMMENDATION: <br />Conduct public hearing as advertised in the June 21 ! 2007 Sanford Herald. <br />ATTACHMENTS: <br />- June 21, 2007 Notice in The Sanford Herald; <br />- Agreement Regarding Incentive Funds fog Frontier Spinning <br />