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Select Board rescinds 2017 EDIC order, approves revised spend plan to advance economic development planning
Summary
After a legal review showed the town’s 2017 Economic Development Industrial Corporation order lacked required state certification, the Select Board rescinded the order and approved a revised spend plan (Table B) to fund an economic development study and related consulting services.
The Town of Templeton’s Select Board voted on Jan. 8 to rescind a 2017 Economic Development Industrial Corporation (EDIC) order after town counsel concluded the earlier order had not completed required state-level steps. The board also approved a revised $200,000 spend plan amendment for a state earmark to fund planning and consulting work.
Lede: The board rescinded the prior EDIC order and then approved a revised allocation of previously earmarked funds (Table B) that the board and MRPC said would pay for an economic development plan, legal support, signage/marketing, engineering site assessments, and limited supplies for…
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