HomeMy WebLinkAboutC.054.93011_1093WHEREAS, in order to further their vision of the future, a strategic plan for the community
needed to be completed, and AngelouEconomics, an Austin, Texas-based company, was hired
to study and recommend a strategic plan for our community; and
WHEREAS, in order to complete this study, funding was contributed by the Town of
Mooresville, Iredell County, the Mooresville -South Iredell Chamber of Commerce, and the
South Iredell Community Development Corporation; and
WHEREAS, that upon reviewing the results of the comprehensive economic development
study, the undersigned unanimously support the work of the Mooresville -South Iredell
Chamber of Commerce in leading the efforts to accomplish the goals set forth in said report.
THEREFORE, BE IT RESOLVED, that Iredell County, the Town of Mooresville, South
Iredell Community Development Corporation and the Mooresville -South Iredell Chamber of
Commerce hereby endorse the AngelouEconomics study and its findings.
•*�sr
Presentation from Mr. Dennis Clary, with the Iredell County Marine
Corp League, Regarding the July 4, 2006 Parade: Clary said last year's July 4
parade had over 100 entries, and the Troutman Police Chief had estimated that
between 8,000 to 9,000 citizens attended. He said the 2006 parade would be on
Saturday, July 1 beginning at 10 a.m. Clary requested $7,500 from the county to be
used primarily for advertising.
OTIO by Commissioner Johnson to approve Budget Amendment #33A for
the purpose of using $7,500 from contingency for the July parade.
VOTING: Ayes — 5; Nays — 0.
PUBLIC HEARINGS
Chairman Tice declared the meeting to be in a public hearing.
Consideration of an Economic Development Incentive for Riley
Technologies/deBotech: Economic Developer Melanie O'Connell Underwood said
Riley Technologies was an Indianapolis, Indiana based company that was working with
deBotech in Mooresville in an expansion project. She said both companies would
expand, and Riley would relocate and employ 35 employees (some will be from
Indiana). Underwood said two buildings would be purchased in the Talbert Pointe
Business Park in Mooresville, NC. She said the total investment (both companies)
would be between $3 million and $4.5 million. (The incentive at $3 million would be
$52,200 over a five-year period, and the $4.5 million would yield a $78,300 incentive
over a five-year period.)
Mr. Fred Coggins spoke in opposition. He questioned whether the companies
would hire anyone older than 35 years old. Coggins said that just a few jobs would be
brought into the community, and they would be geared towards the younger
population. He said it wasn't fair because the older citizens were paying the taxes.
No one else spoke, and Chairman Tice adjourned the hearing.
OTIO by Commissioner Robertson to grant the economic development
incentive request of between $52,200 to $78,300 (over a five-year period) based on an
investment by the two companies of between $3 million to $4.5 million.
VOTING: Ayes — 5; Nays — 0.
Commissioner Johnson told the audience that the two companies were not
leaving with a check, and instead, they were entering into a contract with the county.
He said the companies would not receive any county funding until the terms of the
contract were fulfilled -- employment opportunities and increased tax base.