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Council approves amendment to Project Precise economic development agreement
Summary
Council unanimously approved an amendment to the Project Precise economic development agreement to extend the developer's start date from 2026 to 2027, a change driven by a county building reuse grant timeline; details will be finalized by city legal staff.
Kristi Crisp, the city’s director of economic development, presented a request to amend the Project Precise economic development agreement so the project start date is extended from 2026 to 2027. She explained the amendment is needed because Gaston County is coordinating a state building reuse grant for the company and the county amended its timeline.
Council moved and seconded a motion to close the public hearing and approve the amendment, with the mayor noting that the change does not affect the city’s payment of any grant and that payment would occur once the company finishes construction and pays taxes as previously structured. The motion passed unanimously. The council directed city legal staff to negotiate final details consistent with the approved program.
What’s next: City legal staff will finalize the amended agreement consistent with council direction and the county’s grant timing; no additional costs to the city were indicated in the presentation.
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