AG 2004 01 26 - Laserfiche WebLink

Home Browse Search

November 24, 2003 D AFT Page 301 10. The parties agree that in December of the third year of this Agreement they will start negotiating in good faith another multi-year agreement with the lnte/%t to enter into that new agreement dktrlng the first three months of the following calendar year. IN TESTIMONY W~EREOF, the parties have caused this Agreement to be duly executed by their authorized officers pursuant to resolutions adopted In accordance with law. Cabarrus Econom/c Development, Inc President ATTEST: Witness Cabarrus County By: ATTEST: County Manager Clerk This lnstru~ent has been pre-audited in the manner requared by the Local Government Budget and Fiscal Control Act. Date: By: County Finance Officer Commissioner Carruth made a motion to enter into a multi-year contract with the Cabarrus Economic Development {CED) Corporation as proposed by the current CED Board of Directors, with the following changes: (1) The contract would be for two years, with a third year extension being granted at the end of the first year; and (2) The contract can be terminated with 90 days written notice to the other party versus the, six months in the proposed agreement. Con~nlssloner Carpenter seconded the motion with the addition that a line item budget along with a ~arketlng plan will be presented to the County Manager by April 1 of each year. Commissioner Prlvette made a substitute motion, seconded by Chairman Freeman, to delay consideration of the proposed agreement until the January Board meeting with further review of the discussion that took place at the Chamber meeting in Ashevllle and the possibility there may be other types of programs the Board may need to explore, and with the County Attorney to examine any proposed agreement prior to action by the Board. The substitute motion failed with Com~tlss~oner Prlvette and Chairman Freeman voting for and Vice Chairman Suggs and Commissioners Carruth and Carpenter voting against. Comr~%ssioner Carpenter asked that the original motion be amended to · nclude review by the County Attorney. Commissioner Carruth agreed to the amendment. Mr. Da~ suggested that the Board consider that section of the agreement dealing with the submission of a marketing plan for review. Co~nlssioner Carruth amended his original motion to ~nclude a provision that a marketing plan be developed by the January meeting for the rest of the year. Commissioner Carpenter accepted the amendment. The Board then voted to approve the following motion, including amendments, by Com~ussloner Carruth and seconded by Cormnlssioner Carpenter: To enter into a multi-year contract with the Cabarrus Economl~ Development Corporation (CED) as proposed by the current CED Board of Directors, with the following changes: (1) The contract would be for two years, with a third year extension being granted at the end of the first years; (2) The contract can be terminated with 90 days written notice to the other party versus the six months in the proposal; (3) A line item budget along with a marketing plan will be submitted to the County Manager by April I of each year; and (4) A marketing plan will be developed by January 2004. Further, the agreement will be sub3ect to review by the County Attorney. Voting for: Comlssioners Carruth and Carpenter and Vice Chairman Suggs; Voting against: Chairman Freeman and Commissioner Prlvette. The CED Board members left the meeting. Closed Session b'PON MOTIO~ of Commissioner Prlvette, seconded by Commissioner Carruth and unanimously carried, the Board moved to go into Closed Session to discuss the location or expansion of industries or businesses in Cabarrus County and to discuss personnel matters as authorized by North Carolina General Statute 143-318.11(a} (4) (6). The Board invited Jerry Newton of Cornerstone (real