TO: Mayor and Members of City Council
THRU: Jeffrey Yates, Assistant City Manager
Kelly Olivera, Assistant City Manager
FROM: Chris Cauley, Economic and Community Development Director
Kimberly Leonard, CLGBO, CLGFO, CPA, MPA Budget and Evaluation Director
Robert Van Geons, CEO Fayetteville Cumberland County Economic Development Corporation
DATE: August 12, 2024
RE:
Title
Adoption of Special Revenue Ordinance Close-outs 2025-1, 2025-2, 2025-3, 2025-4 and 2025-5 to close out multiple Rural Economic Development Grants from the Building Reuse Program under the North Carolina Department of Commerce
end
COUNCIL DISTRICT(S):
Council District(s)
Council District 2
Council District 5
Council District 9
b
Relationship To Strategic Plan:
GOAL II: The City of Fayetteville will have a Responsive City Government supporting a diverse and viable economy.
GOAL V: The City of Fayetteville will be a financially sound city providing exemplary city services.
GOAL VI: The City of Fayetteville will continue to have a collaborative citizen and business engagement base.
Executive Summary:
From 2018 through 2022 the Fayetteville Cumberland County Economic Development Corporation (FCEDC) engaged with five business expansion projects aimed to increase the City's tax base and jobs by utilizing the Rural Economic Development Grant from the Building Reuse Program under the North Carolina Department of Commerce. Two grants were completed but did not hire the full number of jobs resulting in partial grant awards and three others were not started due to various reasons. Council action is required to close these grants and return the local match to the General Fund. Therefore, the Council is requested to adopt the following Special Revenue Ordinance Close-outs (SROCLO): SROCLO 2025-1 to close Special Revenue Ordinance (SRO) 2018-13 for the 208 Hay Street Building Renovation Project, SROCLO 2025-2 to close-out SRO 2021-19 for the 125 Drake Street Building Renovation P...
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