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Council reviews DGDC MOU; asks for shorter term, annual financial reports and documentation of in‑kind city support
Summary
Council members asked the Downtown Goldsboro Development Corporation (DGDC) and staff to revise a proposed five‑year MOU to a shorter review period, add annual financial reporting or audit access and quantify in‑kind city contributions; staff will return a revised draft at the next meeting.
Goldsboro City Council took up a proposed memorandum of understanding with the Downtown Goldsboro Development Corporation (DGDC) on Aug. 4, asking the nonprofit and city staff to revise the document to increase oversight and clarity before final approval.
The DGDC representative described the MOU as formalizing a long-standing partnership and highlighted program results: “we have spurred a significant amount of economic development, resulting in more than…
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