HomeMy WebLinkAboutC.054.93011_1322REQUEST FROM THE MOORESVILLE-SOUTH IREDELL CHAMBER
OF COMMERCE FOR FUTURE CONTRIBUTIONS EARMARKED FOR
ECONOMIC DEVELOPMENT (SOUTHERN IREDELL COUNTY) TO BE SENT
TO THE NEWLY -CREATED MOORESVILLE-SOUTH IREDELL ECONOMIC
DEVELOPMENT CORPORATION: Joining the commissioners were Mooresville -
South Iredell Chamber President Ben Goins and Chamber Vice President for Economic
Development Mark Brady. Goins said the AngelouEconomics Strategic Plan
recommended that a stand-alone economic development corporation be created. He said in
the past, this type of function had occurred out of the Chamber building, but now it would
be housed at 151 East Iredell Avenue (next door to the Chamber). Mr. Goins said the
reason behind the separation was to allow the new corporation to seek funds from private
investors to help expand the budget. He said Mooresville needed to remain competitive
with other areas in industrial recruitment. Goins requested that future economic
development funding be directed to the new corporation effective January 1, 2007. He
said an annual audit would be performed.
Mr. Brady said the Chamber would also retain an economic development
committee.
Chairman Tice said the AngelouEconomics Plan had also recommended that a
project similar to Langtree at the Lake be recruited for the Mooresville area. (She
mentioned this due to an earlier discussion about the new hotel/mixed development project
(Langtree at the Lake).
A letter from the two gentlemen said the new corporation would have a nine -
member board consisting of the following:
• Chairman of Iredell County Board of Commissioners or a designated County
Commissioner;
• Mayor of the Town of Mooresville or a designated Town Board member;
• A designee from the South Iredell Community Development Corporation (SICDC);
• A designee from the Mooresville -South Iredell Chamber of Commerce Executive Board;
• A designee from the Mooresville Convention & Visitors Bureau;
• A representative from the largest private sector investor (this investor must
have invested at a level equal to or greater than the average of the town and
county investment for five continuous years and be approved by the Board);
• A representative elected from the private sector's major investor group;
• The Executive Director of the Mooresville -South Iredell Chamber of Commerce (Ex -
Officio member); and
• The Executive Director of the Mooresville -South Iredell Economic
Development Corporation (Ex -Officio member).
All other agenda requests were then reviewed, and additional information about
these items may be found in the regular minutes.
ADJOURNMENT: Chairman Tice adjourned the briefing session at 5:55 p.m.
Approval: - Z/C-�_
Clerk to the Board
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