HomeMy WebLinkAboutC.054.93010_1261 (2)City of Statesville had agreed to allow the company to participate in its incentive
program.
Three company representatives (Mr. Clition, Mr. Williams, and Mr. Stutts)
attended the meeting; however, they did not speak.
No one else spoke, and Chairman Johnson adjourned the hearing.
MOTION by Commissioner Tice to approve the economic development
incentive for ASMO, Inc., in an amount up to $696,000 (over a five-year period), based
on an investment in Iredell County of up to $40 million.
VOTING: Ayes - 5; Nays -- 0.
Chairman Johnson declared the meeting to be in a public hearing.
Consideration of a Proposed Economic Development Incentive for FlexSol
Packaging in the Amount of $82,650 (over a five-year period) based on a $4,750,000
Investment in Iredell County: Jeff McKay, representing the Greater Statesville
Development Corporation, said FlexSol Packaging Corporation, formerly Eclipse
Packaging, planned to expand its operations and add 24 employees. He said the
company proposed a $4,750,000 expansion project, and according to the county's
industrial incentive policy, this would make FlexSol eligible for an $82,650 grant (over a
five-year period of time). Mr. McKay said the proposed Highway 90 infrastructure
improvements, near FlexSol's site, were instrumental in the company's decision to
expand.
No one else chose to speak, and Chairman Johnson adjourned the public hearing
OTIO by Commissioner Williams to grant the economic incentive for
FlexSol Packaging in the amount of $82,650 (over a five-year period) based on a
$4,750,000 investment in Iredell County.
VOTING: Ayes - 5; Nays - 0.
Commissioner Williams mentioned that ASMO and FlexSol had been active in
Statesville for several years, and he was pleased the county was assisting companies that
already had a corporate presence in the community.
Chairman Johnson declared the meeting to be in a public hearing.
Consideration of a Community Transportation Application to be Submitted
to the North Carolina Dept. of Transportation (Total Amount Requested for FY
2004-2005 = $431,169): Transportation Director Garrison asked for approval of a
resolution that would allow the submission of a year 2004-2005 grant application to the
North Carolina Department of Transportation. He said the application would include
$249,970 in capital requests (vehicles/equipment/baseline technology) and $181,199 in
administrative requests (employee development, etc.). Garrison said two light transit
replacement vehicles would be included in the capital request. He said the grant's local
match would be derived from mileage surcharges.
No one else desired to speak, and Chairman Johnson adjourned the hearing.
OT[O by Chairman Johnson to approve the following resolution to allow the
Transportation Director to submit the FY 04-05 application.
VOTING: Ayes - 5; Nays - 0.