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Economic Development Corporation approves $20,000 Thrive grant for Grace Development
Summary
The Economic Development Corporation approved a $20,000 Thrive Business Grant for Grace Development, authorized the town manager and EDC president to negotiate and sign performance agreements, and recommended the award be forwarded to the town council. The board also amended and approved the previous meeting minutes to list Terry Addington as vice president.
The Economic Development Corporation approved a $20,000 Thrive Business Grant for Grace Development and authorized officials to negotiate and execute related performance agreements.
Speaker 3 (Unidentified) moved to approve the Thrive Business Grant applications, specifying Grace Development application number 1 for "dollars 20000" and to "authorize the town manager to negotiate and the economic development president and town manager to execute performance agreements with each applicant and recommend approval of same to the town council." Speaker 2 seconded the motion; the chair called for a voice vote, members responded "Aye," and the motion passed. The meeting adjourned at 6:19 p.m.
The board had earlier entered an executive session at 6:01 p.m. for deliberations related to economic development negotiations and Thrive Business Grant applications and reconvened into regular session at 6:18 p.m. before taking the vote.
Separately, the board also approved an amendment to the minutes. Speaker 2 moved to accept the minutes with an amendment noting that "Terry Addington was listed as vice president under EDC board members present and it should be present," and after a second the motion passed.
No individual vote tallies were recorded in the transcript; outcomes were announced by voice as "Aye" and the chair declared the motions passed. The grant approval includes authorization for the town manager and the economic development president to negotiate and execute performance agreements and for the EDC to recommend the award to the town council for final consideration.
