TO: Mayor and Members of City Council
THRU: Telly C. Whitfield, Ph.D. - Assistant City Manager
FROM: Christopher Cauley, MPA - Economic & Community Development Director
Kelly Olivera - Budget & Evaluation Director
DATE: January 24, 2022
RE:
Title
Adoption of Special Revenue Project Ordinance 2022-10 for a North Carolina Department of Commerce Rural Economic Development Grant to Best Building, LLC for its eClerx, LLC project.
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COUNCIL DISTRICT(S):
Council District(s)
District 9 - Councilmember Yvonne Kinston
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Relationship To Strategic Plan:
Goal 2: Responsive City Government Supporting a Diverse and Viable Economy
* 2.2: To invest in community places to ensure revitalization and increase quality of life
Goal 6: Collaborative citizen and Business Engagement
* 6.2: To ensure trust and confidence in City government through transparency and high quality customer service
* 6.3: To inform and educate about local government by enhancing public outreach and increasing community dialog, collaboration and empowerment
Executive Summary:
The City has been awarded a $70,000 Rural Economic Development Grant from the North Carolina Department of Commerce (NCDOC) for a Building Reuse grant for Best Building, LLC's eClerx, LLC project. The Fayetteville-Cumberland Economic Development Corporation (FCEDC), in partnership with the Economic and Community Development Department (ECD), is assisting Best Building, LLC with funding for the substantial rehabilitation of an existing commercial facility. The company will undertake significant renovations of its property at 235 North McPherson Church Road, and in turn, guarantee the creation of 150 new full-time jobs.
The grant requires that the City provide a five-percent (5%), or $3,500 cash match for the project. Special Revenue Project Ordinance 2022-10 will appropriate $70,000 of grant proceeds and the City's $3,500 match for the project. At least $140,000 of qualified expenditures will have to be m...
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