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and the Economic Development Steering Committee providing recommendations for the pathway <br />forward for economic development. Commissioner Oldham stated that the letter refers to an <br />outstanding balance of $56,400 that is owed from a loan to provide aid with the cost of planning <br />and fundraising that was provided to the Sanford Area Growth Alliance. The letter includes a <br />request from the Sanford Area Growth Alliance to forgive the remaining balance owed on the loan <br />pursuant to a provision in the loan agreement that provided that forgiveness may be requested. A <br />copy of the letter has been attached to these Minutes and by this reference is made a part hereof. <br />Commissioner Oldham moved to approve the request to forgive the remaining balance of the loan <br />to the Sanford Area Growth Alliance in the amount of $56,400.00 with the understanding that the <br />amount owed was funded through Golden Leaf and if approved, would be become an obligation of <br />the County. Upon a vote, the results were as follows: <br />Aye: Oldham, Sloan, Sharpe <br />Nay: Dalrymple, Dodson, Knecht, Reives <br />The Chair ruled the motion had been denied by a vote of 3 to 4. <br />At this time, Commissioner Sloan moved to go into closed session per North Carolina <br />General Statute § 143.318(a)(4) to discuss matters relating to the location or expansion of <br />business in the area served by this Board. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Dodson, Knecht, Oldham, Reives, Sharpe, Sloan <br />Nay: None. <br />The Chair ruled the motion had been adopted unanimously and the Board went into Closed <br />Session at 7:28 p.m. <br />Upon return from closed session and with no further business to come before the Board, <br />Commissioner Sharpe moved to adjourn the meeting. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Dodson, Knecht, Oldham, Reives, Sharpe, Sloan <br />Nay: None. <br />The Chair ruled the motion had been adopted unanimously and the meeting adjourned at <br />8:08 p.m. <br />ble, Clerk to the Board <br />Amy M. Dalrymple, Chair <br />Lee County Board of Commissioners <br />Page 616 <br />