File #: 22-144   
Type: Resolution (Consent) Status: Passed
File created: 4/5/2022 In control: Economic Development Commission
On agenda: 4/26/2022 Final action: 4/26/2022
Enactment date: 4/26/2022 Enactment #: 2022-118
Title: Commissioner Keigher - EDC - Amending Resolution No. 2021-215, dated August 24, 2021 "Authorizing Sale of Real Property for Economic Development and Level Four Economic Incentive Grant: Project Ashbury" - to Approve a Reimbursable Site Development Grant of up to $250,000
Sponsors: Tom Keigher
Attachments: 1. Adopted 2022-118, 2. Resolution, 3. Map

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Commissioner Keigher - EDC - Amending Resolution No. 2021-215, dated August 24, 2021 “Authorizing Sale of Real Property for Economic Development and Level Four Economic Incentive Grant: Project Ashbury” - to Approve a Reimbursable Site Development Grant of up to $250,000

 

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STAFF CONTACT

Donny Hicks - EDC Director - 704-825-4046

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

The original resolution to approve Project Ashbury omitted a reimbursable site development grant of up to $250,000 for the project.  The grant funds may be used for grading, storm drainage and geotechnical testing.  Funds would be disbursed to Project Ashbury upon receipt of engineer stamped pay applications and the receipt of the Certificate of Occupancy for the building.  The site development grant will be reimbursed to the County from the proceeds of the County incentive grant.  Also included is a clarification approving the County incentive grant.

 

POLICY IMPACT

N/A

ATTACHMENTS

Resolution and Map