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9 Morgan County Economic Development Director, Joy Sessing, explained to.the council that an existing manufacturing company wanted to expand and they are working thru a consultant, Chad Swinney, from GNOVIS. This company wants to purchase industrial property,but needs the infrastructure of water and sewer. The property is in the Town limits. This infrastructure will extend to other property owners on the east side of Highway 67 and assist other development for future growth. The project is called `Red Bird'. The project consists of$3.5 million in construction of a training facility and warehouse plus $1.4 million in personal property. George Watkins suggested doing two core borings under Highway 67 to see what is underneath. This would be helpful to the bidders. The current property owner will commit$100,000 toward the water line extension. The company will ask for tax abatement, assistance from Mooresville Redevelopment, and Morgan County Economic Development Corporation. Councilman Langley stated the company needed answers from the council and he thought this was an exciting project. Other council members agreed. A motion was made by Councilman Langley that the Town Council commits Food and Beverage Tax Funds to provide the cost of infrastructure per the drawings provided tonight to the Merriman site along with two (2) soil borings on each side of State Highway 67 to the site subject to the following: the e comnutm.�nt of$100,000.00 from the property owner of the Merriman site to be applied towards the water line improvement and secondly the completion of the sale to the proposed manufacturer who has dealt with our Morgan County Economic Development Corporation concerning expansion to this site. Councilman Clark made a second to the motion. Motion carried 4-0. A motion was made by Councilman Clark with a second by Councilman Langley to approve payment of the claims. Motion carried 4-0. There being no further business to come before the council at this time a motion was made by Councilman Langley with a second by Councilman Clark to adjourn the meeting. Motion carried 4-0. The next regular scheduled meeting of the Mooresville Town Council will be March 15, 2011 at 6:30 P. M. at the Mooresville Gove nt Center. r George W tkins, Town Council President ATTEST: Sandra R. Perry, Clerk-Treasurer March 15, 2011 The Mooresville Town Council met in regular session on Tuesday,March 15, 2011, at 6:30 P. M. at the Mooresville Government Center. Council members present were: President George Watkins, Vice-President Tony Langley, John L. Clark;and Jeff Cook. Mark Mathis was absent. Attorney Tim Curren was present. Jim Taylor, Grace Church, gave the invocation. A motion was made by Councilman Clark with a second by Councilman Langley to approve the minutes of March 1, 2011 meeting. Motion carried 4-0. Kevin O'Farrell,Relg for Life,requested the street department to paint footprints for June 11'h and June 12 this year,blue and gold colors. A motion was made by Councilman Langley with a second by Councilman Clark to approve. Motion carried 4- 0.