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Blount County ratifies mining LOI and asks legal counsel to draft economic development agreement for Marathon project
Summary
The commission ratified a previously authorized letter of intent for potential county mining operations and asked legal counsel to draft an economic development agreement with the City of Oneonta for the Marathon Development Project, authorizing the chairman to execute the agreement upon counsel's approval.
Blount County commissioners on Jan. 13 ratified a Letter of Intent related to potential county mining operations and directed county attorneys to prepare follow-up documents.
County Attorney Scott Barnett told the board the LOI had already been authorized and asked for ratification so staff could draft required documents, advertise if necessary, and ensure the contracts matched intent. The commission ratified the LOI by unanimous vote.
On the Marathon Development Project, the commission asked legal counsel to draft an economic development agreement with the City of Oneonta and approved a motion authorizing Chairman Bradley Harvey to execute the agreement once counsel signs off on the documents.
The minutes show the step is a ratification and drafting request: legal counsel will prepare the economic development agreement for consideration and the chairman has authority to execute it upon legal approval. The minutes do not record the terms of the proposed economic development agreement or any financial commitments.
