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Winnsboro council introduces EDC plan to issue promissory notes; consideration deferred
Summary
At a joint Winnsboro City Council and Economic Development Corporation meeting Nov. 19, council members introduced an EDC measure to authorize promissory notes to finance a project. The item was introduced but deferred for later consideration; no vote was recorded.
A joint meeting of the Winnsboro City Council and the Winnsboro Economic Development Corporation on Nov. 19 opened discussion of a financing proposal, but the council deferred final action.
The presiding officer read item 7.1 as "city council to approve of EDC action authorizing issuance of 1 or more promissory notes to finance costs on a project," and asked staff to respond ("Miss Lyons? Miss Austin?"). The transcript records the item being introduced but contains no…
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