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Agenda Package - 08-26-11 Spec Meeting
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Agenda Package - 08-26-11 Spec Meeting
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AUG 1 5 2011 <br />oos OF <br />UNITED STATES DEPARTMENT OF COMMERCE <br />Economic Development Administration <br />i Atlanta Regional Office <br />° *r41E10* V Suite 1820 <br />401 West Peachtree St., N.W. <br />Atlanta, Georgia 30308 -3510 <br />In reply refer to: <br />Investment No.: 04 -01 -06546 <br />,vls. Linda A. Shook <br />Chairman, Lee County <br />106 Hillcrest Drive <br />Sanford, North Carolina 27330 <br />Dear Ms. Shook: <br />I am pleased to inform you that the Department of Commerce's Economic Development <br />Administration (EDA) has approved your application for an $800,000 EDA investment for public <br />inliastructure and building renovation to support the expansion of Caterpillar's Lee County, North <br />Carolina campus. <br />Enclosed are three signed copies of the financial Assistance Award. Your agreement to the terms <br />and conditions of the award should be indicated by the signature of your principal official on each of the <br />signe i copies of the. Financial Assistance Award. Two of the executed copies should be returned to H. <br />Philip Paradice, Jr., Regional Director, Atlanta Regional Office, Economic Development Administration, <br />401 West Peachtree Street, N.W., Suite 1820, .Atlanta, Georgia 30308 -3510. if riot signed and returned <br />within - days of receipt. EDA may declare the Award null and void. <br />Please do not make any commitments in reliance on this award until you have carefully revie.ved <br />and accepted tht" tertr!$ r•ad conditions. Any commitments entered into prior to obtaining the approval of <br />F.DA in accordance with its regulations and requirements will be at your own risk. <br />E,DA's mission is to lead the federal economic development agenda by promoting innovation and. <br />competitiveness, preparing American regions for growth and success in the worldwide economy. EDA <br />implements this mission by making strategic investments in the nation's most economically distressed <br />communities that encourage private sector collaboration and creation of higher-skill, higher wagejcb:,. <br />EDA investments are results driven, embracing the principles of technological innovation, <br />entrepreneurship and regional development. <br />I share your expectations regarding the impact of this investment and look forward to working <br />with you to meet the economic development needs of your community. <br />Sincerely, <br />fl. Philip Paradice. Jr. <br />Regional Director <br />Enclosumcs: Form CD -450 Financial Assisiame Award (3) <br />Exhibit A - Special Award Conditions <br />Attachment No.I -Form ED -508 Budget <br />EDA Standard Terris and Conditions for Constntctior Projects, dated October 2007 <br />(as amended oil December 13, 2007) <br />AUG 2 <br />
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