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Hamilton County approves MOU to fund Reliance Center, sets payback condition
Summary
County commissioners authorized the president of the board to sign a memorandum of understanding providing county funding for the Reliance Center, with a clawback provision requiring $500,000 per year repayment if the center fails to operate for at least six years.
Hamilton County commissioners authorized the county president to sign a memorandum of understanding that provides county funding for the Reliance Center and sets repayment conditions if the center does not operate as agreed.
The MOU delegates construction, procurement, cost overruns and operations to the Reliance Center project…
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