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Soddy‑Daisy authorizes $3,500 engagement to form Industrial Development Board
Summary
The Soddy‑Daisy commission unanimously approved an engagement contract with Bass, Berry & Sims PLC to assist in creating an Industrial Development Board; the city cited the ability to transfer city‑owned property to the board for sale as the primary purpose.
City Manager Burt Johnson asked the board to approve an engagement contract with law firm Bass, Berry & Sims PLC to assist the city with establishing an Industrial Development Board. Johnson said the board would enable city‑owned property to be transferred to the Industrial Development Board for sale and that the firm’s recognized expert, Mark Mamantov, would help navigate the steps. The engagement fee was stated as $3,500.
Vice‑Mayor Penney moved to approve the contract and Commissioner Everett seconded; the motion passed unanimously. City Attorney Elliott noted Mr. Mamantov is "a fine gentleman and good lawyer" and the minutes record that other municipalities (Collegedale) are also in discussions with the firm.
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