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Council considers MOU with EDC to fund roof repairs and approves $5,000 advertising request for Taste of Winnsboro
Summary
The council reviewed a memorandum of understanding with the Winnsboro Economic Development Corporation to fund roof repairs at 700 South Main Street, with lease revenue to repay the EDC; the council also recorded a $5,000 advertising reimbursement request for Taste of Winnsboro and approved back signatories for city and EDC accounts.
The Winnsboro City Council reviewed a memorandum of understanding with the Winnsboro Economic Development Corporation (EDC) to fund roof repairs at 700 South Main Street and recorded a request for $5,000 in advertising reimbursement for the Taste of Winnsboro event.
Under the MOU description provided to council, any lease income from rentals of the renovated space would be used to repay the EDC for the repair funds until the full amount is repaid, with a repayment period not to exceed two years. Council members asked for guidance on appointment processes for EDC seats when the seat is a council member class and whether the board or the council should make final recommendations.
Council business also included an estimated $5,000 request from the EDC for advertising expenses connected to the Taste of Winnsboro event. A staff speaker confirmed the request as $5,000. The council also moved to approve resolution 204-01A2 authorizing back signatories for city and EDC accounts.
A council member noted that item 7.6 had been mislabeled and should have been listed as a postpone rather than the action taken; discussion included whether the MOU was treated as a grant or as an amount repaid to the EDC via lease revenue. The MOU language provided said repayment to the EDC would be made from lease receipts until the total amount is repaid in full and “not to exceed 2 years.”
The record shows motions to approve the March agreement between the Winnsboro Economic Development Corporation and Shelley Bullock for roof repairs at 700 South Main Street and to authorize the signatories resolution; the transcript segments provided do not include complete roll-call vote tallies in the excerpts.
