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Public Hearing - RE: Commissioner Hovis - EDC - To Authorize Eligibility for the Osage Mill Apartments, LLC Redevelopment Project to Participate In Gaston County’s Local Investment Grant Program
1. Receive Citizen Comment
2. Close Public Hearing
3. Accept Motion to Approve
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STAFF CONTACT
Donny Hicks - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
Grants will be issued to the developer following completion of construction and issuance of a certificate of occupancy.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
WinnDevelopment has announced its intent to develop 143 apartments in the historic Osage Mill in Bessemer City. The project is estimated to have construction costs of approximately $30,000,000.
North Carolina General Statutes requires the Board to first conduct a public hearing for the project and to adopt a resolution declaring its intent to provide grants for economic development and historic preservation.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution; Project Narrative