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0 BOOK GO PIGE 70 <br />Aye: <br />Adams, Brown, Hincks, Lemmond, Reives, and Stevens <br />Nay: <br />None <br />Absent: <br />Paschal <br />The Chairman ruled the motion had been adopted unanimously. <br />Finance Director Lisa Minter gave a power point presentation to the Board on <br />the recently completed audit. Ms. Minter's presentation included general fund activity, <br />fund balance position, debt position, single audit and grants, enterprise fund, and audit <br />results. Ms. Paula Hodges from Martin Starnes & Associates was also present and <br />thanked the Finance Department for their assistance during the audit. She also stated <br />that Lee County received a very good audit report. The final report will be furnished <br />once a statement is received from the Local Government Commission. No action was <br />taken on the matter. <br />Economic Development Director Bob Heuts discussed with the Board additional <br />economic development incentives required that had been approved earlier in the <br />budget amendment to meet the County's incentive contracts for Moen and Wyeth. No <br />action was taken on the matter since the budget amendment had been approved on <br />the consent agenda. <br />Chairman Hincks moved to go into closed session per N. C. General Statute <br />143-318.11(a) (4) to discuss the location of three businesses in Lee County. Upon a <br />vote, the results were as follows: <br />Aye: Adams, Brown, Hincks, Lemmond, Reives, and Stevens <br />Nay: None <br />Absent: Paschal <br />The Chairman ruled the motion had been adopted unanimously. <br />After the Board completed discussion in closed session, Commissioner Brown <br />moved to go out of closed session. Upon a vote, the results were as follows: <br />Aye: <br />Adams, Brown, Hincks, Lemmond, Reives, and Stevens <br />Nay: <br />None <br />Absent: <br />Paschal <br />The Chairman ruled the motion had been adopted unanimously. <br />Commissioner Brown moved to hold public hearings concerning economic <br />development incentives at the December 5, 2005 meeting for Challenge Printing, <br />System Plast, and Pentair Water, Pool & Spa. Upon a vote, the results were as <br />follows: <br />Aye: Adams, Brown, Hincks, Lemmond, Reives, and Stevens <br />Nay: None <br />Absent: Paschal <br />4 <br />