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Lee County Board of Commissioners <br />June 20, 2011 Motion to Terminate LCEDC Agreement <br />As presented to the BOC "I motion for the board to adjust our budget <br />resolution to signal our withdrawal from the present EDC organization and <br />structure; that we notify the Town of Broadway and the City of Sanford of <br />our intent to terminate our present contract for the EDC no later than <br />December 31, 2011; that we transition the present EDC into an economic <br />growth office working under the direct supervision of the county manager <br />by that date; that the county manager exercise close oversight of all EDC <br />funds disbursement until the transition is complete; and that we commit to <br />honoring the existing grants, loan oversight, and other pledges we are <br />contractually obligated to as of June 30, 2011." <br />Result Motion approved by vote of 4 -3 <br />