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Winnsboro joint meeting approves EDC resolution to authorize promissory notes for project financing
Summary
At a brief joint meeting, the Winnsboro Economic Development Corporation sought and received city-council approval to authorize issuance of one or more promissory notes to finance project costs; the EDC’s not-to-exceed amount was described as covering all-in costs including property and potential abatements.
Winnsboro’s City Council and the city’s Economic Development Corporation met jointly and approved an EDC resolution authorizing the issuance of one or more promissory notes to finance costs of a local project.
The meeting was called to order at 5:04 p.m., and the presiding speaker noted, “Let the record reflect that we do have a quorum for tonight's meeting.” The EDC’s…
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