2005 - 06-06-05 Regular Meeting - Laserfiche WebLink

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n • Minutes - May 16, 2005 closed session • Minutes - May 19, 2005 special meeting • Minutes - May 26, 2005 budget work session • Approval of transfer of easement for property located on Hwy. 78 for Southern Lee High School (copy attached) • Budget amendment # 06/06/05/#21 (copy attached) • Amended renewal contract for inmate labor with the NC Department of Correction (copy attached) Upon a vote, the results were as follows: Aye: Adams, Brown, Hincks, Lemmond, Reives, and Stevens Nay: None Absent: Paschal The Chairman ruled the motion had been adopted unanimously. At this time the Board conducted public hearings as advertised for economic development incentives for Magneti Marelli. Lee Brick & Tile Company, and Challenge Printing Company. Economic Development Director Bob Heuts discussed the proposed incentives. Mr. Heuts outlined for the Board an incentive of $25,929.00 for Magneti Marelli that would be for the installation of new plastic molding and injection equipment. Chairman Hincks opened the public hearing for Magneti Marelli. No one present spoke in favor of or in opposition to the proposed economic development incentive for Magneti Marelli. Chairman Hincks closed the public hearing. Mr. Hems told the Board that under the current incentive policy, Lee Brick & Tile Company was eligible for $366,845 of incentive funds that would be used to build an additional brick molding building that would add approximately 35 new employees. The new building would be located off Hawkins Avenue. Chairman Hincks opened the public hearing for Lee Brick & Tile Company. No one present spoke in favor of or in opposition to the proposed economic development incentive for Lee Brick & Tile Company. Chairman Hincks closed the public hearing. Mr. Heuts told the Board that Challenge Printing Company currently located in Broadway was considering an expansion to a new and larger building, location not yet