6-15-20 Regular Meeting - Laserfiche WebLink

Home Browse Search

This CONTRACT made and entered into this the 't"+h day of juile/ , 2020, by and between the County of Lee,one of the 100 counties of the State of North Carolina and a body politic and corporate, hereinafter referred to as COUNTY, and the Sanford-Lee County Partnership for Prosperity,doing business as Sanford Area Growth Alliance,a non-profit corporation organized and existing under the laws of the State of North Carolina, hereinafter referred to as SAGA. WITNESSETH WHEREAS, Chapter 158 of the North Carolina General Statutes authorizes counties to engage in economic development activities; and, WHEREAS, North Carolina General Statute§153A-449 authorizes counties to contract with and appropriate money to a corporation to carry out any public purpose that a county is authorized by law to perform;and, WHEREAS, it is the desire of the Lee County Board of Commissioners that the County should engage in economic development activities and that SAGA should be employed to undertake such activities on behalf of the County;and, WHEREAS,SAGA, by action of its Board of Directors, has indicated its willingness to perform such activities on behalf of the County; and, WHEREAS, both parties desire a written memorandum of their agreement. NOW,THEREFORE, in consideration of the premises, the sums to be paid,and the mutual promises herein set out,the parties have mutually agreed as follows: 1. County hereby engages SAGA to carry out a program of economic development in keeping with the authority granted to it by Chapter 158 of the North Carolina General Statutes and SAGA accepts such engagement and promises to perform and carry out such a program. 2. County agrees to make an annual budgetary appropriation to pay for the services provided by SAGA to include the recruitment of new industry, business retention and expansion, marketing of Lee County and business/industrial sites and any other activity, which is considered typical for an economic development agency to provide to a County. 3. In consideration for making the annual budgetary appropriation,the County will appoint three members to the SAGA Board of Directors at their sole discretion and consistent with County Policy on Board Appointments. Based on the County's level of funding,the Board of Commissioners will review this on an annual basis. 4. One of the Board members appointed to the Board of Directors shall be an elected County Commissioner. The Board of Commissioners can also elect an alternate Commissioner to serve on the SAGA Board of Directors. The alternate Commissioner can attend all meetings of the Board of Directors but shall not vote on any matters, unless the appointed Commissioner is absent.