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043 <br />LEE COUNTY <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. V. C. <br />XX Information + Public Hearing <br />Meeting Date: July 13, 2015 _ Action Item <br />_ Consent Agenda <br />SU_ Public Hearing for Economic Development Project <br />DEPARTMENT: Sanford Area Growth Alliance (SAGA) <br />CONTACT PERSON: Joy Thrash, Interim Director <br />RE UEST: Public Hearing for Economic Development Project <br />SU_ The Sanford Area Growth Alliance (SAGA) has asked the <br />Board of Commissioners to participate in an economic <br />development project which consists of participation in the <br />costs of new machinery and equipment for 'Project Gizmo". <br />The Board will consider sharing up to $185,563.00 for the cost <br />of the project with revenues from the Lee County General <br />Fund. <br />A public hearing for the above referenced project has been <br />advertised for July 13"'. <br />BUDGET IMPACT: N/A <br />ATTACHMENTM: 1) July 1, 2015 ad from The Sanford Herald <br />2) "Draft" Agreement <br />PUBLIC HEARING: Yes <br />PRIOR BOARD ACTION: N/A <br />RECOMMENDATION: Conduct public hearing as advertised for this date and time <br />