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Grayson County EDA to hold check pending signed agreement for $35,000 business allocation; board approves financial report
Summary
The Grayson County Economic Development Authority discussed a $35,000 allocation for a local business, held a check after the business reported fire damage, and voted to approve updated financial statements with staff-directed changes.
The Grayson County Economic Development Authority on June 26 discussed a previously approved $35,000 allocation for a local business and agreed to hold the disbursement until a signed performance agreement is returned. The board also voted to approve updated financial statements with changes staff will make.
Board members discussed that the business owner’s building sustained fire damage and that the EDA had prepared, then voided, a payment while staff finalized an agreement. A staff member reported having a performance agreement and a letter from a steel…
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