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Graham council adopts GEIC incentive for downtown cafe at 526 Oak St.
Summary
The city adopted Resolution No. 198 to approve incentives of up to $60,000 from the Graham Economic Improvement Corporation for renovation of 526 Oak Street and the opening of a retail food outlet (projected to support three full-time and two part-time jobs).
The Graham City Council voted to adopt Resolution No. 198, approving an incentives agreement between the Graham Economic Improvement Corporation (GEIC) and Middle Sister LLC, d/b/a Olivetti Oaks, that provides up to $60,000 toward renovation of a downtown property at 526 Oak Street and supports the opening of a retail food outlet. Council completed the required two readings and approved the measure by voice vote.
The agreement, described by staff as part of the GEIC’s business…
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