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200611 Closed Session Economic Development Closed Session June 11, 2020 At 7:55 p.m., the Board convened in closed session pursuant to NCGS 143-318.11(a)(4) to discuss matters relating to the location or expansion of industries or other businesses in the area served by the public body, including agreement on a tentative list of economic development incentives that may be offered by the public body in negotiations. Present for the County were Chairman Darrell Frye, Vice-Chairman David Allen, Commissioner Kenny Kidd, Commissioner Maxton McDowell, and Commissioner Hope Haywood were present. Also present were County Manager Hal Johnson, Finance Officer Will Massie, Associate County Attorney Aimee Scotton, and Clerk to the Board Dana Crisco. Present from the Randolph County Economic Development Corporation (EDC) were Crystal Gettys, Business Recruitment Director, and Kevin Franklin, President. Ms. Gettys and Mr. Franklin gave a presentation of available properties and buildings (product) in Randolph County. They explained why having product was so important. Many companies are looking for a ready site with a Ðshell buildingÑ that they can occupy and up fit to their needs. The site should have an environmental study completed as well. This speeds the process for companies to have their business running in a shorter period of time than starting from scratch. It was also mentioned that Randolph Electric Membership Corporation (REMC) may have a 0% interest loan that the County could apply for. The Board was in consensus that they needed some figures to assess what the initial financial commitment would be to begin the process. At 8:48 p.m., on motion of Allen, seconded by Kidd, the Board voted unanimously to go back into regular session. ________________________________ ________________________________ Darrell Frye, Chairman David Allen ________________________________ _________________________________ Kenny Kidd Maxton McDowell ________________________________ _________________________________ Hope Haywood Dana Crisco, Clerk to the Board