City of Fayetteville
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File #: 21-2470    Version: 1 Name: Adoption of Special Revenue Project Ordinance 2021-19 for a North Carolina Department of Commerce Rural Economic Development Grant for eClerx, LLC
Type: Consent Status: Agenda Ready
File created: 1/5/2022 In control: City Council Regular Meeting
On agenda: 1/24/2022 Final action:
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.
Attachments: 1. SRO 2022-10 Rural Economic Development Grant - eClerx, LLC, 2. Building Reuse Program Grant Agreement - eClerx
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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.
end

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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