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LEE C <br />aoo4 aca0 o,ot o <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. I. A. <br />_ Information <br />Meeting Date: august 26, 2011 XX Action Item <br />Consent Agenda <br />SUBJECT EDA Grant from Department of Commerce <br />DEPARTMENT Administration <br />CONTACT PERSON John Crumpton, County Manager <br />REQUEST Approve EDA Grant from Department of Commerce <br />SUMMARY The Department of Commerce's Economic Development <br />Administration (EDA) has approved Lee County's application for an <br />$800,000 investment for public infrastructure and building <br />renovation to support the expansion of Caterpillar's Lee County <br />campus. Funds will be used for road improvements from US #1 <br />(Colon Road) into the Lee County Industrial Park. <br />BUDGET IMPACT N/A <br />ATTACHMENT(SI (1) Letter from Department of Commerce <br />(2) Financial Assistance Award <br />(3) Exhibit "A" — Special Awards Conditions <br />(4) Resolution <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION Approve Resolution and Financial Assistance Award from the <br />Department of Commerce for $800,000 EDA Grant as presented <br />and authorize the Chairman to sign required documents. <br />