BC 2003 11 24 - Laserfiche WebLink

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November 24, 2003 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 intent to enter into that new agreement during the first three months of the following calendar year. IN TESTIMONY WHEREOF, the parties have caused this Agreement to be duly executed by their authorized officers pursuant to resolutions adopted in accordance with law. Cabarrus Economic Development, Inc By: President ATTEST: Witness Cabarrus County By: ATTEST: County Manager Clerk This instrument has been pre-audited in the manner required 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 ~or 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. Commissioner Carpenter seconded the motion with the addition that a line item budget along with a marketing plan will be presented to the County Manager by April 1 of each year. Commissioner Privette 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 Asheville 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 ~ubstitute motion failed with Commissioner Privette and Chairman Freeman voting for and Vice Chairman Suggs and Commissioners Carruth and Carpenter voting against. Commissioner Carpenter asked that the original motion be amended to include review by the County Attorney. Commissioner Carruth agreed to the amendment. Mr. Day suggested that the Board consider that section of the agreement dealing with the submission of a marketing plan for review. Commissioner Carruth amended his original motion to include 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 Commissioner Carruth and seconded by Commissioner Carpenter: To enter into a multi-year contract with the Cabarrus Economic 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 1 of each year; and (4) A marketing plan will be developed by January 2004. Further, the agreement will be subject to review by the County Attorney. Voting for: Comissioners Carruth and Carpenter and Vice Chairman Suggs; Voting against: Chairman Freeman and Commissioner Privette. The CED Board members left the meeting. Closed Session UPON MOTION of Commissioner Privette, 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