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

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determined. A new 30,000 sq. foot building will be constructed and 30 new employees will be employed. Mr. Hems stated that under the current incentive policy, Challenge Printing is eligible for incentives of $35,359.00. Chairman Hincks opened the public hearing. No one present spoke in favor of or in opposition to the proposed economic development incentive for Challenge Printing Company. Chairman Hincks closed the public hearing. Chairman Hincks moved to deny the economic incentive of $25,929.00 for Magneti Marelli. Upon a vote, the results were as follows: Aye: Brown, Hincks, and Stevens Nay: Adams, Lemmond, and Reives Absent: Paschal The Chairman ruled the motion failed with a 3-3 vote. Commissioner Adams moved to defer action on incentives for Magneti Marelli to the June 20, 2005 meeting. 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. Commissioner Reives moved to approve a resolution authorizing the expenditure of funds for an economic development project and approving an Agreement with Lee County Economic Development Corporation for Lee Brick and Tile Company in the amount of $366,845, a copy of which is attached to these minutes and by this reference made a part hereof. 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. Commissioner Reives moved to approve the economic development incentive for Challenge Printing Company in the amount of $35,359.00. Upon a vote, the results were as follows: 3