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Council sets $85,000 spending threshold for JEDCO after split vote
Summary
The Jasper City Council voted 3-2 to allow the Jasper Economic Development Corporation (JEDCO) to spend up to $85,000 without prior council approval after JEDCO sought guidance on oversight and expenditures.
The Jasper City Council on Oct. 21 approved a policy allowing the Jasper Economic Development Corporation to make expenditures up to $85,000 without obtaining prior council approval.
Council Member Lequin Hilderbrand moved the measure, and Council Member Bob Mayhar seconded. The motion passed 3-2; Council Members Mayhar, DeMarcus Holmes and Hilderbrand voted in favor, while Council Members Mamie Horn and Angel McCroskey voted against the motion.
JEDCO President Bill Grant had asked the council for direction on the level of oversight the council wanted over JEDCO expenditures and board activities and summarized relevant legal considerations for council members. The council’s split vote reflects differing views among members about how much autonomy to grant the economic development corporation going forward.
The council did not add further conditions or reporting requirements to the spending limit in the motion recorded in the meeting minutes. The action will govern JEDCO’s ability to commit funds up to the approved threshold without separate council approval until or unless the council revisits the policy.
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