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Public Notice - Mount Vernon Econmic Development Corporation Public Hearing - 7/17/2014

The Mount Vernon Economic Development Corporation will conduct two consecutive public hearings on Monday, July 21, 2013, 5:30 p.m. at City Hall at 109 N. Kaufman St., Mount Vernon, TX.

Members of the Mount Vernon City Council and Mount Vernon Main Street Alliance may also be in attendance at the meeting.
The purpose of the meeting is as follows:

I OPEN PUBLIC HEARING
A. Hear evidence for or against funding a job creation incentive to John and Denise Case for assistance with a pharmacy project at 405 S. Highway 37, Mount Vernon: up to 5 jobs at 3% of salary amount per job after 12 months employment with a $1000 per job ‘cap’  
B.  Hear evidence for or against funding $50,000 in EDC matching funds toward a $150,000 Texas Capital Fund Main Street Sidewalk Program Grant, east side of     Square.

II ADJOURN PUBLIC HEARING / CONVENE TO CLOSED SESSION pursuant to section 551.087 of the Texas Government code to deliberate the offer of a financial or other incentive:
A. Consider funding job creation incentive to John and Denise Case for assistance with a pharmacy project at 405 S. Highway 37, Mount Vernon: up to 5 jobs at 3% of salary amount per job to be funded after 12 month employment with a $1000 per job ‘cap’  
B.  Consider $50,000 EDC matching funds toward a $150,000 Texas Capital Fund Main Street Sidewalk Program Grant, east side of Square.

III OPEN SESSION: ACTION ITEMS FOR CONSIDERATION
A.  Take action regarding funding a job creation incentive to John and Denise Case for assistance with a pharmacy project at 405 S. Highway 37, Mount Vernon: up to 5 jobs at 3% of salary amount per job to be funded after 12 months of employment with a $1000 per job ‘cap’  
B.   Take action concerning $50,000 in EDC matching funds toward a $150,000 Texas Capital Fund Main Street Sidewalk Program Grant, east side of Square.

IV ADJOURN

Teresia Wims, Executive Director

Handicapped persons desiring to attend the meeting and without transportation may contact City Hall at 903.537.2252 for assistance. Posted 12 P.M. Monday, July 14, 2014.
The Mount Vernon Economic Development Corporation Board of Directors reserves the right to go into Executive Session at any time during the meeting to consult with its attorney in accordance with Section 551.071; deliberate the purchase or sale of real property in accordance with Section 551.072; deliberate personnel matters in accordance with Section 551.074; and / or deliberate regarding economic development negotiations. However, no action will be taken during the Executive Session because none is permitted by law.
The Economic Development Corporation may reconvene into Open Session and discuss and/or take any action on any matter discussed in closed session.