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Newton ends stalled Pasta Piccinini development agreement, acknowledges grant de-obligation
Summary
After project communications lapsed and milestones were not met, Newton City Council voted to terminate its Economic Development Agreement with Pasta Piccinini and to acknowledge the de-obligation of a $175,000 NC Building Reuse Grant; staff said no funds were disbursed and the city faces no financial impact.
The Newton City Council unanimously approved termination of an Economic Development Agreement with Pasta Piccinini (Pasta Piccinini, Inc.) and acknowledged that the city de-obligated a $175,000 NC Building Reuse Grant tied to the project.
City Manager Sean Hovis read a memo from the local Economic Development Corporation summarizing the project timeline: in August 2022 the city entered into an agreement with…
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