2011 - 10-10-2011 Spec. Meeting - Laserfiche WebLink

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D 0 010 - j-;)� RESOLUTION BY THE LEE COUNTY BOARD OF COMMISSIONERS ECONOMIC DEVELOPMENT INVESTMENT GUIDELINES June 21, 2010 WHEREAS, Chapter 158 of the General Statutes of North Carolina 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 sense of the Board of Commissioners for Lee County that the County should engage in economic development activities and that the LCEDC should be employed to undertake such activities on behalf of the County; and WHEREAS, LCEDC, by action of its Board of Directors, has indicated its willingness to perform such activities on behalf of the County; and WHEREAS, under the authority of NCGS 158 -7.1, the Board of Commissioners desires to establish an Economic Development Investment Policy that gives the LCEDC the flexibility and tools to remain competitive so as to attract new industry and retain existing businesses; NOW, THEREFORE, be it resolved that the County adopts the following Economic Development Investment Policy; BE IT FURTHER RESOLVED, that it is Lee County's desire to make public investments to stimulate economic development. Businesses may receive benefits under this policy which allow them to locate or improve their operations in Lee County. Incentive Grants will be awarded based on the benefits to Lee County and its citizens and reviewed on a case by case basis by both the LCEDC and the Lee County Board of Commissioners. By: �c 4 , k Richard B. Hayes, Char an Board of Commissioners `a n II M. Lee Clerk to the Board NORTH CAROLINA, LEE COU��N,,,T,��Y� Presented for registration on this r i ay of Q, V� -- 20, i t at -1 /PM recorded in Book Q `t Page 'I 5 I Mollie A. McInnis, Register of Deeds